Non-Price Competitiveness and Financial Drivers of Exports: Evidences from Italian Regions
Bernardina Algieri (),
Antonio Aquino () and
Lidia Mannarino ()
Additional contact information
Bernardina Algieri: University of Calabria
Antonio Aquino: University of Calabria
Lidia Mannarino: University of Calabria
Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, 2018, vol. 4, issue 1, 107-133
Abstract The present study examines the drivers of Italian exports via an export equation with regional and time-varying impacts of local financial development. To this purpose, two-way fixed effects regression models with lagged variables and a system Generalized-Methods-of-Moments have been adopted to account for potential endogeneity problems and dynamic trade patterns. The analysis covers the period 2000–2013 and the sub-period 2000–2007. The results show that a mix of factors contributing to lift exports, including financial development, exerts a positive impact on trade flows. In particular, a rise in credit intensity and a reduction in financial risk push export propensity. The results further point to the relevant effect of non-price competitiveness factors, namely R&D and investments, in influencing the export behaviour of the Italian regions. The results hold for both the whole and the pre-crisis period, but the effects are generally stronger during the pre-crisis years.
Keywords: Regional exports; Financial development; Non-price competitiveness (search for similar items in EconPapers)
JEL-codes: C22 F32 F41 O5 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
http://link.springer.com/10.1007/s40797-016-0047-6 Abstract (text/html)
Access to the full text of the articles in this series is restricted.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:spr:italej:v:4:y:2018:i:1:d:10.1007_s40797-016-0047-6
Ordering information: This journal article can be ordered from
Access Statistics for this article
Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti is currently edited by Roberto Cellini
More articles in Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti from Springer, Società Italiana degli Economisti (Italian Economic Association) Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla ().