May-June
2007
Theses
Award, 2010
We use input-output tables to estimate the import content (IC) of exports for several European countries, interpreting it as a measure of internationalisation. Between 1995 and 2000 the IC grew everywhere but in France; the transport equipment sector emerges as the most internationalised one. Italy and Germany show very different patterns, although both started from a very low level of IC. Italy experienced the weakest growth whereas Germany the most sizeable rise. We argue that Italian firms might have felt a lower pressure to transform their organisation due to the delayed effects of the 1992 and 1995 Lira crises. [JEL Classification: F14, C67]
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emanuele.breda@bancaditalia.it * rita.cappariello@bancaditalia.it - Economic and Financial Statistics Department * roberta.zizza@bancaditalia.it - Department for Structural Economic Analysis The Authors wish to thank, for their useful comments and suggestions, Alessandra De Michele, Stefano Federico, Marco Magnani, Paola Monti, Luigi Federico Signorini, Roberto Tedeschi, Francesco Zollino and seminar participants at the 47th Meeting of the Società italiana degli Economisti (October 2006, Verona), the 16th International Input-Output Conference (July 2007, Istanbul) and the 9th European Trade Study Group Conference (September 2007, Athens). The views expressed in this paper are those of the authors and do not necessarily reflect those of the Banca d’Italia. | ||||||||||||
