A Note on Openness and Economic Growth in Italy, 1861-1994

This paper analyzes the long-run relationship between trade (exports, imports and their sum) and growth for Italy using a nonparametric cointegration approach, which is less demanding than conventional methods in terms of assumptions on the data generating process. We find a positive correlation bet...

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Veröffentlicht in:	Historical social research (Köln) 2009-01, Vol.34 (4 (130)), p.390-396
Hauptverfasser:	Margani, Patrizia, Ricciuti, Roberto
Format:	Artikel
Sprache:	eng
Schlagworte:	Applied economics Cliometrics Economic Development Economic growth Economic policy Empirical evidence Gross domestic product Historical Development Imports International economics International trade Italy Long run economic growth Null hypothesis Open economies Political history Trade Trade development Trade policy
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Zusammenfassung:	This paper analyzes the long-run relationship between trade (exports, imports and their sum) and growth for Italy using a nonparametric cointegration approach, which is less demanding than conventional methods in terms of assumptions on the data generating process. We find a positive correlation between these variables. We relate this result with historical developments.
ISSN:	0172-6404