Economic integration and industrial sector fluctuations: evidence from Italy

Tatiana Cesaroni

Economics Bulletin, 2013, vol. 33, issue 2, 944-958

Abstract: This paper investigates the underlying sources of the Italian industrial sector fluctuations. It concentrates in particular on the role of different shocks on the manufacturing business cycle. To this end, it considers both domestic shocks (to hours worked and to technology) and external shocks (i.e. real exchange rate and world trade shocks). The former concern internal conditions such as labour market and productivity dynamics; the latter relate to the effects of economic integration, globalization and the world economy scenario on the manufacturing sector performance. The findings show evidence that the cyclical fluctuations are mainly determined by technology shocks,however,the hours worked and world trade shocks also contribute significantly to explaining the manufacturing business cycle.

Keywords: Business cycle; Italian Industry performance; SVAR model; Economic integration; World trade (search for similar items in EconPapers)
JEL-codes: C0 E3 (search for similar items in EconPapers)
Date: 2013-04-05
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.accessecon.com/Pubs/EB/2013/Volume33/EB-13-V33-I2-P90.pdf (application/pdf)

Related works:
Working Paper: Economic integration and industrial sector fluctuations: evidence from Italy (2008)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ebl:ecbull:eb-12-00612

Access Statistics for this article

More articles in Economics Bulletin from AccessEcon
Bibliographic data for series maintained by John P. Conley ().