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Italian Industrial Production, 1861-1913: A Statistical Reconstruction. B. The Extractive Industries

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  • Stefano Fenoaltea

Abstract

This paper is the second section of Italian Industrial Production, 1861 1913: A Statistical Reconstruction (in progress). It documents the derivation, from the historical sources, of the 27 time series that trace the physical product of the (abundantly documented) mining industry, of the further five series that trace the physical product of the (largely undocumented) quarrying industry, and of the corresponding estimates of value added per unit at 1911 prices. The quarrying output estimates are derived from the likely consumption of those materials by downstream industries; they are accordingly tied to domestic construction movements, rather than assumed to have followed the path of the documented component of the industry (the production of marble, which was largely exported). The unit value added estimates are presented in two versions: one is the conventional measure, which fails exceptionally to exclude the value of the principal raw material consumed by extractive activity, that is, the valuable stuff under ground; the other is the correct measure of the sector’s industrial value added, using the same definitions as are used for all other industries.

Suggested Citation

  • Stefano Fenoaltea, 2015. "Italian Industrial Production, 1861-1913: A Statistical Reconstruction. B. The Extractive Industries," Carlo Alberto Notebooks 413, Collegio Carlo Alberto.
    • Handle: RePEc:cca:wpaper:413
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    File URL: https://www.carloalberto.org/wp-content/uploads/2018/11/no.413.pdf
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    Cited by:

    1. Fenoaltea, Stefano, 2018. "The Growth of the Italian Economy, 1861−1913: The Composition Of Investment," MPRA Paper 88138, University Library of Munich, Germany.
    2. Pezzuto, Roberto, 2015. "The age distribution of Italy’s labor force in 1911 and its implications for the economy’s past: new evidence on the long swing in investment from unification to the Great War," MPRA Paper 67032, University Library of Munich, Germany.
    3. Fenoaltea, Stefano, 2018. "The Growth of the Italian Economy, 1861-1913: Revised Second-Generation Expenditure-Side Estimates," MPRA Paper 88016, University Library of Munich, Germany.
    4. Fenoaltea, Stefano, 2020. "Reconstructing The Past: The New Production-Side Estimates For Italy, 1861–1913," MPRA Paper 99307, University Library of Munich, Germany.
    5. 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.
    6. Fenoaltea, Stefano, 2020. "Reconstructing The Past: The Measurement Of Aggregate Product," MPRA Paper 97042, University Library of Munich, Germany.
    7. Fenoaltea, Stefano, 2017. "The Growth of the Italian Economy, 1861-1913: Revised Second-Generation Production-Side Estimates," MPRA Paper 83508, University Library of Munich, Germany.

    More about this item

    Keywords

    method; extractive industries; 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
    • N53 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - Europe: Pre-1913

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