In this paper we analyse the dynamics of trade patterns in the six largest industrialised countries and in eight fast growing Asian economies. For each of these countries we study the shape of the sectoral distribution of an index of trade specialisation and its evolution over time. Our analysis...

This paper presents descriptive evidence on the role of industrial districts in Italian exports. Recent data released by ISTAT allow to identify exports at the level of single industrial district. The paper first presents synthetically the main features of the Italian pattern of international...

In this paper we focus on the post Bretton Woods period and analyze whether a PPP relationship is accepted by the data for Italy, United States and Germany. We adopt a multivariate system approach in which, initially, we test for cointegration and then we try to identify a cointegration space in...

In this paper we address the Rogoff's (1996) puzzle on the exchange rate excess volatility and the slow convergence to PPP. We argue that the evidence in favour of the latter stylised fact could be biased by the adoption of unreliable measures of the speed of convergence. In fact, adopting...

Growing shares of international trade flows consist of intermediate and unfinished goods shipped from one country to another to combine manufacturing or services activities at home with those performed abroad. This configuration of the productive structure has been named “internationally...

The paper presents the preliminary results of a research project on the relationship between technological and trade performance with a special focus on Switzerland. The analysis is based on two sources of data: a dataset based on patent applications by firms from major industrialized countries...

The failure of the WTO Ministerial Conference last December in Seattle was due to the unsettled network of conflicting interests of the member countries. What happened in the street of Seattle has not determined the outcome of the meeting. However, it would be a mistake to downplay the political...

In this paper we focus on the post Bretton Woods period and analyze whether a PPP relationship holds and what is the speed of adjustment to it. We adopt a multivariate system approach in which, initially, we test for cointegration and then we try to identify a cointegration space in which we...

In this paper we analyse the dynamics of trade patterns in the six largest industrialised countries and in eight fast growing Asian economies. For each of these countries we study the shape of the sectoral distribution of an index of trade specialisation and its evolution over time. Our analysis...