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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

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    File URL: https://www.bancaditalia.it/pubblicazioni/qef/2024-0882/QEF_882_24.pdf
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    References listed on IDEAS

    as
    1. Giovanni Marin & Francesco Vona, 2017. "Finance and the Misallocation of Scientific, Engineering and Mathematical Talent," Working Papers hal-03455397, HAL.
    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)

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    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

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