Exports,growth and causality. New evidence on Italy: 1863-2004

Barbara Pistoresi and Alberto Rinaldi

Department of Economics from University of Modena and Reggio E., Faculty of Economics "Marco Biagi"

Abstract: This paper investigates the causal relationship between real export and real GDP in Italy from 1863 to 2004 by using cointegration analysis and causality tests. The outcome suggests that in the period prior to WW1 the growth of the Italian economy led that of exports, while in the post-WW2 period the causal relationship was reversed with the expansion of exports that determined the growth of the Italian economy.

Keywords: Export led growth hypothesis; unit root tests; cointegration analysis; Granger – causality (search for similar items in EconPapers)
JEL-codes: F43 N1 N7 O11 (search for similar items in EconPapers)
Pages: pages 29
Date: 2010-09
New Economics Papers: this item is included in nep-fdg, nep-his, nep-int and nep-opm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (18)

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Related works:
Working Paper: Exports, growth and causality: new evidence on Italy, 1863-2004 (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:mod:depeco:0633

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