Economic integration and industrial sector fluctuations: evidence from Italy

Tatiana Cesaroni

No 106, ISAE Working Papers from ISTAT - Italian National Institute of Statistics - (Rome, ITALY)

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. competitiveness 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 that although the cyclical fluctuations are mainly determined by productivity shock, 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: C32 E32 F41 (search for similar items in EconPapers)
Pages: 20 pages
Date: 2008-10
New Economics Papers: this item is included in nep-bec, nep-mac and nep-opm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Journal Article: Economic integration and industrial sector fluctuations: evidence from Italy (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:isa:wpaper:106

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