All Because of Euro? On Some Structural Changes in the Italian Foreign Trade, 1960-2000

Abstract

Using a long-run series of I-O tables, some simple facts are explored with respect to the Italian trade balance in the period 1960-2000. The analysis confirms that the Italian economy underwent a de-specialisation process before the Euro era. This phenomenon weakened our export capacity, and in addition worsened significantly our dependence on non-oil imports.