IDEAS home Printed from https://ideas.repec.org/p/bdi/opques/qef_882_24.html
   My bibliography  Save this paper

Trade in low-carbon technology products: macro and micro evidence for Italy

Author

Listed:
  • Valerio Della Corte

    (Bank of Italy)

  • Stefano Federico

    (Bank of Italy)

  • Giacomo Oddo

    (Bank of Italy)

Abstract

The transition towards a carbon-neutral economy is poised to significantly impact on global trade flows. This paper presents new evidence on the evolution of these flows at both the global and European levels, with a particular emphasis on Italy. We combine a macro analysis of aggregate trends in the trade of low-carbon technology (LCT) products with a micro analysis of Italian firm-level data to examine the characteristics of Italian firms that actively export LCT products. The findings offer insights into how the shift to a carbon-neutral economy affects trade dynamics at a global level and into the role of Italian firms in this evolving landscape.

Suggested Citation

  • Valerio Della Corte & Stefano Federico & Giacomo Oddo, 2024. "Trade in low-carbon technology products: macro and micro evidence for Italy," Questioni di Economia e Finanza (Occasional Papers) 882, Bank of Italy, Economic Research and International Relations Area.
    • Handle: RePEc:bdi:opques:qef_882_24
    as

    Download full text from publisher

    File URL: https://www.bancaditalia.it/pubblicazioni/qef/2024-0882/QEF_882_24.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Giovanni Marin & Francesco Vona, 2017. "Finance and the Misallocation of Scientific, Engineering and Mathematical Talent," Documents de Travail de l'OFCE 2017-27, Observatoire Francais des Conjonctures Economiques (OFCE).
    2. Filippo Bontadini & Francesco Vona, 2023. "Anatomy of Green Specialisation: Evidence from EU Production Data, 1995–2015," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 85(3), pages 707-740, August.
    3. Miria Pigato & Simon J. Black & Damien Dussaux & Zhimin Mao & Miles McKenna & Ryan Rafaty & Simon Touboul, 2020. "Technology Transfer and Innovation for Low-Carbon Development," World Bank Publications - Books, The World Bank Group, number 33474.
    4. Andres, Pia & Mealy, Penny & Handler, Nils & Fankhauser, Samuel, 2023. "Stranded nations? Transition risks and opportunities towards a clean economy," LSE Research Online Documents on Economics 118378, London School of Economics and Political Science, LSE Library.
    5. Marin, Giovanni & Vona, Francesco, 2023. "Finance and the reallocation of scientific, engineering and mathematical talent," Research Policy, Elsevier, vol. 52(5).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Botta, Alberto & Caverzasi, Eugenio & Russo, Alberto, 2022. "When complexity meets finance: A contribution to the study of the macroeconomic effects of complex financial systems," Research Policy, Elsevier, vol. 51(8).
    2. Dong, Feng & Jia, Yandong & Wang, Siqing, 2022. "Speculative Bubbles and Talent Misallocation," Journal of Economic Dynamics and Control, Elsevier, vol. 141(C).
    3. Speer, Jamin D., 2023. "Bye bye Ms. American Sci: Women and the leaky STEM pipeline," Economics of Education Review, Elsevier, vol. 93(C).
    4. Filippo Maria D’Arcangelo & Ilai Levin & Alessia Pagani & Mauro Pisu & Åsa Johansson, 2022. "A framework to decarbonise the economy," OECD Economic Policy Papers 31, OECD Publishing.
    5. Gaetano Basso & Fabrizio Colonna & Domenico Depalo & Graziella Mendicino, 2023. "The Green Transition and the Italian labour market," Questioni di Economia e Finanza (Occasional Papers) 811, Bank of Italy, Economic Research and International Relations Area.
    6. Bonnet, Paolo & Olper, Alessandro, 2024. "Party affiliation, economic interests and U.S. governors’ renewable energy policies," Energy Economics, Elsevier, vol. 130(C).
    7. repec:spo:wpmain:info:hdl:2441/4q63gsp61h87h81knveut4qm7m is not listed on IDEAS
    8. repec:hal:spmain:info:hdl:2441/4q63gsp61h87h81knveut4qm7m is not listed on IDEAS
    9. Saussay, Aurélien & Sato, Misato & Vona, Francesco & O’Kane, Layla, 2022. "Who’s fit for the low-carbon transition? Emerging skills and wage gaps in job and data," FEEM Working Papers 329079, Fondazione Eni Enrico Mattei (FEEM).
    10. Piana Monsur Mindia & Md Qamruzzaman & Nusrat Farzana, 2024. "Exploring the Impact of Good Governance and Innovation on Export Earnings, Clean Energy, Remittances, and Zero Carbon Emissions in Sub-Saharan African Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 14(4), pages 265-284, July.
    11. Castle, Jennifer L. & Hendry, David F., 2024. "Five sensitive intervention points to achieve climate neutrality by 2050, illustrated by the UK," Renewable Energy, Elsevier, vol. 226(C).
    12. Vivien Foster & Philipp A. Trotter & Sven Werner & Melin Niedermayer & Yacob Mulugetta & Ploy Achakulwisut & Aoife Brophy & Navroz K. Dubash & Sam Fankhauser & Adam Hawkes & Stephanie Hirmer & Stuart , 2024. "Development transitions for fossil fuel-producing low and lower–middle income countries in a carbon-constrained world," Nature Energy, Nature, vol. 9(3), pages 242-250, March.
    13. Fajardo Baquero, Nicolás, 2024. "Don't Let Me Down: Climate Change, Technological Transfers, and International Agreements," Documentos CEDE 21187, Universidad de los Andes, Facultad de Economía, CEDE.
    14. Garsous, Grégoire & Worack, Stephan, 2022. "Technological expertise as a driver of environmental technology diffusion through trade: Evidence from the wind turbine manufacturing industry," Energy Policy, Elsevier, vol. 162(C).
    15. Kazem Biabany Khameneh & Reza Najarzadeh & Hassan Dargahi & Lotfali Agheli, 2021. "The Role of Global Value Chains in Carbon Intensity Convergence: A Spatial Econometrics Approach," Papers 2111.00566, arXiv.org.
    16. Ye Zheng & Kexin Qin & Shijie Zhao, 2024. "Different Routes, Same Goal: Exploring the Impact of Innovation Policy Tools on SMEs’ Persistent Innovation—A Hybrid Study Using SEM and fsQCA," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(3), pages 11684-11723, September.
    17. Lyu, Yanwei & Wu, You & Zhang, Jinning, 2023. "How industrial structure distortion affects energy poverty? Evidence from China," Energy, Elsevier, vol. 278(C).
    18. Chien, Fengsheng & Ajaz, Tahseen & Andlib, Zubaria & Chau, Ka Yin & Ahmad, Paiman & Sharif, Arshian, 2021. "The role of technology innovation, renewable energy and globalization in reducing environmental degradation in Pakistan: A step towards sustainable environment," Renewable Energy, Elsevier, vol. 177(C), pages 308-317.

    More about this item

    Keywords

    international trade; green transition; low-carbon technology products; Italian economy;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F18 - International Economics - - Trade - - - Trade and Environment
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bdi:opques:qef_882_24. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/bdigvit.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.