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Italian National Accounts, 1861-2011

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  • Alberto Baffigi

    ()
    (Bank of Italy)

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    Abstract

    A great deal of new quantitative research has been produced over the last three decades which has radically changed the received interpretation of Italian economic development. Against this backdrop, the Bank of Italy, Istat and the University of Rome "Tor Vergata", together with academics from other institutions, developed a project to estimate new historical national accounts time series. Our reconstruction covers the 150 years following the political unification of Italy and is based on the most up-to-date results in the literature. It provides estimates of supply and uses at constant and at current prices. The documentation could not be reported fully in the following few pages. The details will be presented in full in a book to be published in the coming months, coauthored by all who contributed to the enterprise. In this paper I draw a general picture of the new time series. I focus on historically significant periods, using them as case studies in order to illustrate some features of the new data, both technical and substantial. A detailed, if incomplete, methodological account of our work is given in the appendices.

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    File URL: http://www.bancaditalia.it/pubblicazioni/pubsto/quastoeco/QSE_18/QSEn_18.pdf
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    Bibliographic Info

    Paper provided by Bank of Italy, Economic Research and International Relations Area in its series Quaderni di storia economica (Economic History Working Papers) with number 18.

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    Date of creation: Oct 2011
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    Handle: RePEc:bdi:workqs:qse_18

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    Postal: Via Nazionale, 91 - 00184 Roma
    Web page: http://www.bancaditalia.it
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    Related research

    Keywords: Italy; National Accounts; Historical data reconstruction;

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    1. Alberto Baffigi, 2009. "Luigi Einaudi: teoria economica e legislazione sociale nel testo delle Lezioni (text in italian)," Quaderni di storia economica (Economic History Working Papers) 1, Bank of Italy, Economic Research and International Relations Area.
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    Cited by:
    1. Riccardo De Bonis & Fabio Farabullini & Miria Rocchelli & Alessandra Salvio & Andrea Silvestrini, 2013. "A quantitative look at the Italian banking system: evidence from a new dataset since 1861," Working Papers 9, Department of the Treasury, Ministry of the Economy and of Finance.
    2. Alberto Rinaldi & Barbara Pistoresi, 2014. "A note on Italy's current account sustainability: 1861-2010," Economics Bulletin, AccessEcon, vol. 34(2), pages 1197-1204.
    3. Michele Fratianni & Antonio Maria Rinaldi & Paolo Savona, 2013. "Una proposta per ridurre il fardello del debito pubblico italiano," Mo.Fi.R. Working Papers 81, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    4. 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.

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