Productive Capabilities in the European North-South divide: A structural view of trade patterns in Germany, Italy and Spain between 1995 and 2018

Diplôme Master Productive Capabilities in the European North-South divide: A structural view of trade patterns in Germany, Italy and Spain between 1995 and 2018 eng 2023-06-12 author Fernandez Landa Yaku Fernando 938177 director Nikiforos Michalis 0000-0003-1477-7593 948057 Service enseignement, recherche, administratif et technique (SdS) (SCSPS) 59 <p>Following the Great Recession, there has been growing interest in the study of macroeconomic divergence in the Eurozone. Recent academic research has shown that Monetary Union is not a sufficient condition to achieve economic convergence, since the coexistence of blocs of countries with significant asymmetries persists. In this thesis we deepen the analysis of macroeconomic divergence in the Eurozone by assessing the structure of trade in three European countries (Germany, Italy and Spain) between 1995 and 2018. Using trade data, we compare the evolution of sophistication in these countries. Drawing on Core-Periphery analysis and the notion of productive capabilities, we use different empirical tools to assess the structure of trade, which point to a differentiation of the studied countries. While Germany maintains a dominant position in exports of high-tech goods, Italy and Spain are increasingly specializing in medium- and low-tech goods, respectively. These results show the role of path dependence in the long-term dynamics of countries, and the difficulty of reorienting development without coordinated policy efforts at the regional level. Evolutionary economics and structuralism, together with the analysis of complexity economics, allow for a comprehensive analysis of development. Europe needs to go beyond market-based solutions to level the playing field among its members.</p> Macroeconomic divergence Eurozone Complexity Productive Capabilities Core- Periphery Trade Structuralism Dewey 330 Dewey 330.9 Master in Political Economy of Capitalism 123 Département d'histoire, économie et société T5 193 Institut d'histoire économique Paul Bairoch TE false fb8018fe-34bd-4df7-a141-50e5856aa00a Master thesis Public Yaku-Master-Thesis-Final-Version.pdf 1546878 application/pdf d7140b71c733afbd905caa324db24d7f9f8edb7caf02e03c6443a0e7fd7dd1d1 openAccess Faculté des sciences de la société / Département d'histoire, économie et société Faculté des sciences de la société / Institut d'histoire économique Paul Bairoch

Title	Published in	Access level	OA Policy	Year	Views	Downloads

Productive Capabilities in the European North-South divide: A structural view of trade patterns in Germany, Italy and Spain between 1995 and 2018				2023	169	519

Archive ouverte UNIGE

Fernandez Landa, Yaku

account_balance Affiliation entities

Affiliation entities