On exports and economic growth: the case of Italy |
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| Authors: | Daniela Federici Daniela Marconi |
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| Institution: | 1. Department of Economics , University of Strathelyde , UK;2. Princeton University, University of Strathelyde , London, UK |
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| Abstract: | The export-led growth hypothesis for the Italian economy (1960-98) is tested through a VAR model with four macroeconomic variables: an index of the GDP of the rest of the world; the Italian real exchange rate; Italian real exports; and the Italian real GDP. Our results provide clear empirical support for the hypothesis. They also suggest that the Kaldorian approach is very useful in analysing short-run as well as long-run growth and fluctuations of an open economy such as Italy. |
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| Keywords: | Exports Economic Growth Cointegrated Var Model Innovation Accounting |
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