Exports,growth and causality. New evidence on Italy: 1863-2004

This paper investigates the causal relationship between real export and real GDP in Italy from 1863 to 2004 by using cointegration analysis and causality tests. The outcome suggests that in the period prior to WW1 the growth of the Italian economy led that of exports, while in the post-WW2 period the causal relationship was reversed with the expansion of exports that determined the growth of the Italian economy.

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Year of publication:	2010-09
Authors:	Pistoresi, Barbara ; Rinaldi, Alberto
Institutions:	Dipartimento di Economia "Marco Biagi", Università degli Studi di Modena e Reggio Emilia
Subject:	Export led growth hypothesis \| unit root tests \| cointegration analysis \| Granger – causality

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Extent:	application/pdf
Series:	Department of Economics.
Type of publication:	Book / Working Paper
Language:	English
Notes:	pages 29
Classification:	F43 - Economic Growth of Open Economies ; O11 - Macroeconomic Analyses of Economic Development ; N1 - Macroeconomics and Monetary Economics; Growth and Fluctuations ; N7 - Transport, International and Domestic Trade, Energy and Other Services
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008672242