The evolution of world trade and the Italian ‘anomaly': a new look

Michele Di Maio and Federico Tamagni

No 39-2006, Working Papers from Macerata University, Department of Finance and Economic Sciences

Abstract: This work provides an empirical assessment of the 'sophistication' of the Italian international specialization pattern and of its evolution during the period 1980 ¡ 2000. In particular we analyse the well-known Italian trade 'anomaly' combining the information coming from the PRODY index (Hausmann et al. (2005)) with the RCA index. Our results show that in the last two decades, the world trade has been rapidly changing with Italy becoming increasingly more competitive and specialized in products that are characterized by decreasing income/productivity levels. Thus, while the Italian 'anomaly' was not a problem in the past, it may have become an obstacle to future growth.

Keywords: PRODY index; RCA; Specialization pattern (search for similar items in EconPapers)
Date: 2006-10, Revised 2008-10
New Economics Papers: this item is included in nep-int
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Citations: View citations in EconPapers (4)

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Related works:
Journal Article: The Evolution of World Export Sophistication and the Italian Trade Anomaly (2008)
Working Paper: The Evolution of the World Trade and the Italian ‘Anomaly’: A New Look (2007)
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