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dc.contributor.authorFEDERICO, Giovanni
dc.contributor.authorWOLF, Nikolaus
dc.date.accessioned2016-03-15T13:46:21Z
dc.date.available2016-03-15T13:46:21Z
dc.date.issued2011
dc.identifier.urihttps://hdl.handle.net/1814/40283
dc.description.abstractThe history of Italy since her unification in 1861 reflects the two-way relationship between foreign trade and economic development. Its growth was accompanied by a dramatic increase in the country’s integration with European and global commodity markets: foreign trade in the long run grew on average faster than the overall economy. Behind the dynamics of aggregate trade, Italy’s comparative advantage changed fundamentally over the last 150 years. The composition of trade, in terms of both commodities imported and exported and in terms of trading partners, developed from a high concentration of a few trading partners and a handful of rather simple commodities into a wide diversification of trading partners and more sophisticated commodities. In this chapter we use a new long-term database on Italian foreign trade at a high level of disaggregation to document and analyze these changes. We will conclude with an assessment of Italy’s prospects from a historical perspective.
dc.language.isoen
dc.relation.ispartofseriesBank of Italyen
dc.relation.ispartofseriesEconomic History Working Papers)en
dc.relation.ispartofseries2011/09en
dc.relation.urihttp://www.bancaditalia.it/pubblicazioni/quaderni-storia/2011-0009/QSEn_09.pdf
dc.rightsinfo:eu-repo/semantics/openAccess
dc.titleComparative advantages in Italy : a long-run perspective
dc.typeWorking Paper


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