 The drivers of Italian exports and product market entry: 1862–1913Institutions, externalities, and economic growth in Southern Italy: evidence from the cotton textile industry, 1861-1914European Review of Economic History, 2021, vol. 25, issue 3, 513-548 Abstract: Between its unification and WWI, Italy’s changing export composition echoed its economic transformation. In this paper, I decompose Italian export growth in its margins and then analyze the determinants of Italian exports and product market entry (and exit). To do so, I use two different databases (aggregate and product-level bilateral trade data) and methodologies (gravity and logit models). Besides confirming some well-known empirical and historical facts for the Italian case (gravity variables hold; trade follows a Heckscher–Olhin pattern), the regression results offer a new perspective on two distinctive features of its history: trade policy and emigration. These two factors are positively associated with Italian exports and product market entry. These findings also have additional implications for the role of emigration on the course of the Italian economy: accounting for the trade channel, its overall effect may be larger than previously thought. Date: 2021 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:oup:ereveh:v:25:y:2021:i:3:p:513-548. Access Statistics for this article European Review of Economic History is currently edited by Christopher M. Meissner, Steven Nafziger and Alessandro Nuvolari More articles in European Review of Economic History from European Historical Economics Society |
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