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.
A Note on Openness and Economic Growth in Italy, 1861-1994
Ricciuti, Roberto
2009-01-01
Abstract
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.
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