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Notes on the Rate of Industrial Growth in Italy, 1861 1913

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  • FENOALTEA, STEFANO

Abstract

This article reconsiders industrial growth in post-Unification Italy in light of a new set of sector-specific production estimates. Though still in part provisional, the new series confirm that the production of durables (and related materials) was dominated by the Kuznets cycle. A similar cycle is documented in the growth rate of the residual, excluding foodstuffs, and extended by reasonable assumption to foodstuffs as well. The new series thus support the traditional view of the 1880s as a period of widespread prosperity and above-trend consumption rather than the opposite, now dominant view.This article presents the first comprehensive results of a long-term research project that owes much to the constant encouragement of Pierluigi Ciocca and Gianni Toniolo, to extended exchanges with Giovanni Federico, to the kindness of the librarians at the Bank of Italy and the Istituto centrale di statistica, and not least, for their financial support, to the Ente per gli studi monetari, bancari e finanziari Luigi Einaudi, the National Science Foundation, the Guggenheim Foundation, and the Ministero dell Universit e della Ricerca Scientifica e Tecnologica. The usual disclaimer applies.

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Bibliographic Info

Article provided by Cambridge University Press in its journal The Journal of Economic History.

Volume (Year): 63 (2003)
Issue (Month): 03 (September)
Pages: 695-735

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Handle: RePEc:cup:jechis:v:63:y:2003:i:03:p:695-735_54

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Cited by:
  1. Pistoresi, Barbara & Rinaldi, Alberto, 2012. "Exports, imports and growth," Explorations in Economic History, Elsevier, vol. 49(2), pages 241-254.
  2. Ciccarelli, Carlo & Fenoaltea, Stefano, 2008. "Metalmaking In Italy, 1861-1913: National And Regional Time Series," MPRA Paper 8983, University Library of Munich, Germany.
  3. Makiko Hino & Mototsugu Fukushige, 2014. "Catching up and falling behind in technological progress: the experience of the textile and chemical industries in Italy between 1904 and 1937," Discussion Papers in Economics and Business 14-14, Osaka University, Graduate School of Economics and Osaka School of International Public Policy (OSIPP).
  4. Antonelli Cristiano & Crepax Nicola & Fassio Claudio, 2012. "The cliometrics of academic chairs. Scientific knowledge and economic growth, the evidence across the Italian regions 1900-1959," Department of Economics and Statistics Cognetti de Martiis LEI & BRICK - Laboratory of Economics of Innovation "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio 201206, University of Turin.
  5. Felice, Emanuele & Carreras, Albert, 2012. "When did modernization begin? Italy's industrial growth reconsidered in light of new value-added series, 1911–1951," Explorations in Economic History, Elsevier, vol. 49(4), pages 443-460.
  6. Emanuele Felice & Josep Pujol Andreu, 2013. "GDP and life expectancy in Italy and Spain over the long-run (1861-2008): insights from a time-series approach," UHE Working papers 2013_06, Universitat Autònoma de Barcelona, Departament d'Economia i Història Econòmica, Unitat d'Història Econòmica.
  7. Ciccarelli, Carlo & Proietti, Tommaso, 2011. "Patterns of industrial specialisation in post-Unification Italy," MPRA Paper 30431, University Library of Munich, Germany.
  8. Virginia Di Nino & Barry Eichengreen & Massimo Sbracia, 2011. "Real Exchange Rates, Trade, and Growth: Italy 1861-2011," Quaderni di storia economica (Economic History Working Papers) 10, Bank of Italy, Economic Research and International Relations Area.
  9. Emanuele Felice, 2013. "Regional income inequality in Italy in the long run (1871–2001). Patterns and determinants," UHE Working papers 2013_08, Universitat Autònoma de Barcelona, Departament d'Economia i Història Econòmica, Unitat d'Història Econòmica.

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