Economics at your fingertips  

Specialization and Growth Perspectives in the South Mediterranean Area

Massimo Tamberi ()

European Journal of Comparative Economics, 2006, vol. 3, issue 2, 289-314

Abstract: This paper empirically analyses overall specialization and revealed comparative advantages of the South Mediterranean countries. The paper has been divided into two sections. The first section deals with the relation between overall specialization and per-capita income, through a semi-parametric estimation of three different indexes of overall specialization, all derived from the distribution of sectoral revealed comparative advantages. GAM estimation demonstrates that overall specialization decreases with the rise of per-capita income and economy size (country specific effects are also considered). The second section deals with South Mediterranean countries, and describes them as countries that have a very high level of overall specialization, due to general and specific characteristics. In particular, there is a high concentration of revealed comparative advantages (RCAs) in traditional products. It is interesting to note that while RCAs are linked (not surprisingly) to low wage levels, very low level of productivity negatively influences unit costs, that are relatively high in most of the non-traditional sectors. Finally, these characteristics seem to be a consequence of limited openness of the South Mediterranean economies.

Keywords: Growth; Specialization; Mediterranean Countries (search for similar items in EconPapers)
JEL-codes: F14 O19 (search for similar items in EconPapers)
Date: 2006
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed

Downloads: (external link) (application/pdf)

Related works:
Working Paper: Specialization and Growth Perspectives in the South Mediterranean Area Downloads
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:

Access Statistics for this article

European Journal of Comparative Economics is currently edited by Matteo Migheli, Giovanni Ramello, Koji Domon, Peter Grajzl, David M. Kemme, Marcello Signorelli and Richard Watt

More articles in European Journal of Comparative Economics from Cattaneo University (LIUC) Contact information at EDIRC.
Bibliographic data for series maintained by Piero Cavaleri ().

Page updated 2020-01-18
Handle: RePEc:liu:liucej:v:3:y:2006:i:2:p:289-314