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The measurement of production: lessons from the engineering industry in Italy, 1911

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  • Stefano Fenoaltea

Abstract

This paper presents the second-generation estimates for the Italian engineering industry in 1911, a year documented both by the customary demographic census, and the first industrial census. The first part of this paper uses the census data to estimate the industry’s value added, sector by sector; the second further disaggregates each sector by activity, and estimates the value added, employment, physical product, and metal consumption of each one. A third, concluding section dwells on the dependence of cross-section estimates on time-series evidence. Three appendices detail the specific algorithms that generate the present estimates; a fourth, a useful sample of firm-specific data.

Suggested Citation

  • Stefano Fenoaltea, 2014. "The measurement of production: lessons from the engineering industry in Italy, 1911," Carlo Alberto Notebooks 373, Collegio Carlo Alberto.
    • Handle: RePEc:cca:wpaper:373
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    File URL: https://www.carloalberto.org/wp-content/uploads/2018/11/no.373.pdf
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    Cited by:

    1. Fenoaltea, Stefano, 2015. "The measurement of production movements: Lessons from the general engineering industry in Italy, 1861–1913," Explorations in Economic History, Elsevier, vol. 57(C), pages 19-37.
    2. Stefano Fenoaltea, 2020. "The fruits of disaggregation: The engineering industry, tariff protection, and the industrial investment cycle in Italy, 1861-1913," PSL Quarterly Review, Economia civile, vol. 73(292), pages 77-110.
    3. Stefano Fenoaltea, 2014. "The measurement of production movements: lessons from the engineering industry in Italy, 1861-1913," Carlo Alberto Notebooks 400, Collegio Carlo Alberto.

    More about this item

    Keywords

    method; engineering; Italy;
    All these keywords.

    JEL classification:

    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • N13 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: Pre-1913
    • N63 - Economic History - - Manufacturing and Construction - - - Europe: Pre-1913

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