IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/88138.html
   My bibliography  Save this paper

The Growth of the Italian Economy, 1861−1913: The Composition Of Investment

Author

Listed:
  • Fenoaltea, Stefano

Abstract

Previous papers on Italy’s economic growth from Unification to 1913 reestimated 1911-price GDP from the production side, and reconstructed its allocation on the expenditure side; both efforts sharply revised the latest figures in the literature. The present paper examines the composition of investment, as documented by the new series.

Suggested Citation

  • Fenoaltea, Stefano, 2018. "The Growth of the Italian Economy, 1861−1913: The Composition Of Investment," MPRA Paper 88138, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:88138
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/88138/1/MPRA_paper_88138.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Stefano Fenoaltea, 2011. "On the Structure of the Italian Economy, 1861-1913," Rivista di storia economica, Società editrice il Mulino, issue 1, pages 61-72.
    2. 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.
    3. Stefano Fenoaltea, 2018. "Italy in the Market for Seagoing Vessels, 1861-1913: Domestic Production, Imports, and Exports," Rivista di storia economica, Società editrice il Mulino, issue 3, pages 293-356.
    4. Stefano Fenoaltea, 2015. "Italian Industrial Production, 1861-1913: A Statistical Reconstruction. B. The Extractive Industries," Carlo Alberto Notebooks 413, Collegio Carlo Alberto.
    5. Fenoaltea,Stefano, 2014. "The Reinterpretation of Italian Economic History," Cambridge Books, Cambridge University Press, number 9781107658080.
    6. Stefano Fenoaltea, 2015. "Italian Industrial Production, 1861 1913: A Statistical Reconstruction. F. The Engineering Industries," Carlo Alberto Notebooks 419, Collegio Carlo Alberto.
    7. 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.
    8. 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.
    9. Fenoaltea, Stefano, 1988. "International resource flows and construction movements in the atlantic economy: the kuznets cycle in Italy, 1861–1913," The Journal of Economic History, Cambridge University Press, vol. 48(3), pages 605-637, September.
    10. 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.
    11. Fenoaltea, Stefano, 2005. "The growth of the Italian economy, 1861–1913: Preliminary second-generation estimates," European Review of Economic History, Cambridge University Press, vol. 9(3), pages 273-312, December.
    12. Stefano Fenoaltea, 2015. "Italian Industrial Production, 1861 1913: A Statistical Reconstruction. K. The Construction Industries," Carlo Alberto Notebooks 422, Collegio Carlo Alberto.
    13. Roberto Pezzuto, 2017. "The Age Distribution of the Labour Force as Evidence of Prior Events: The Italian Data for 1911 and the Long Swing in Investment from Unification to the Great War," Quaderni di storia economica (Economic History Working Papers) 42, Bank of Italy, Economic Research and International Relations Area.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Stefano Fenoaltea, 2018. "Spleen: the failures of the cliometric school," HHB Working Papers Series 14, The Historical Household Budgets Project.
    2. Fenoaltea, Stefano, 2020. "Reconstructing the Past: The New Expenditure-Side and Composition-Of-Investment Estimates for Italy, 1861–1913," MPRA Paper 99432, University Library of Munich, Germany.
    3. Fenoaltea, Stefano, 2020. "Reconstructing The Past: Italy's Historical National Accounts, 1861-1913," MPRA Paper 98350, University Library of Munich, Germany.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. 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.
    2. 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.
    3. Fenoaltea, Stefano, 2020. "Reconstructing The Past: The Measurement Of Aggregate Product," MPRA Paper 97042, 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. Fenoaltea, Stefano, 2020. "Reconstructing the Past: The New Expenditure-Side and Composition-Of-Investment Estimates for Italy, 1861–1913," MPRA Paper 99432, University Library of Munich, Germany.
    6. 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.
    7. Fenoaltea, Stefano, 2018. "Spleen: the failures of the cliometric school," MPRA Paper 90210, University Library of Munich, Germany.
    8. Emanuele Felice, 2019. "Rethinking the take-off: the role of services in the new economic history of Italy (1861–1951)," Cliometrica, Springer;Cliometric Society (Association Francaise de Cliométrie), vol. 13(3), pages 405-442, September.
    9. Andrea Incerpi & Barbara Pistoresi & Alberto Rinaldi, 2020. "Finance and Development in Italy, 1870-1913," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 12(9), pages 1-95, September.
    10. Fenoaltea, Stefano, 2020. "Reconstructing The Past: Italy's Historical National Accounts, 1861-1913," MPRA Paper 98350, University Library of Munich, Germany.
    11. Andrea Incerpi & Barbara Pistoresi & Alberto Rinaldi, 2020. "Finance and Economic Development in Italy, 1870-1913," Department of Economics 0162, University of Modena and Reggio E., Faculty of Economics "Marco Biagi".
    12. 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.
    13. Paolo Di Martino & Barbara Pistoresi & Alberto Rinaldi, 2016. "International financial flows, domestic banks, and the economic development of the periphery: Italy, 1861-1913," Department of Economics 0104, University of Modena and Reggio E., Faculty of Economics "Marco Biagi".
    14. Giovanni Federico & Antonio Tena-Junguito, 2014. "The ripples of the industrial revolution: exports, economic growth, and regional integration in Italy in the early nineteenth century," European Review of Economic History, European Historical Economics Society, vol. 18(3), pages 349-369.
    15. 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.
    16. Pistoresi, Barbara & Rinaldi, Alberto, 2012. "Exports, imports and growth," Explorations in Economic History, Elsevier, vol. 49(2), pages 241-254.
    17. Carlo Ciccarelli & Tommaso Proietti, 2013. "Patterns of industrial specialisation in post-Unification Italy," Scandinavian Economic History Review, Taylor & Francis Journals, vol. 61(3), pages 259-286, November.
    18. Fabrizio Mattesini & Giuseppina Gianfreda, 2012. "The Acceptability of Money with Multiple Notes Issuers:the Case of Italy (1861-1893)," Working Papers LuissLab 12100, Dipartimento di Economia e Finanza, LUISS Guido Carli.
    19. 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.
    20. Barbara Pistoresi & Alberto Rinaldi, 2015. "Capital Inflows, Current Accounts and the Investment Cycle in Italy: 1861–1913," Research in Economic History, in: Research in Economic History, volume 31, pages 241-261, Emerald Group Publishing Limited.

    More about this item

    Keywords

    Measurement; Pre-WW1 Italy; Investment;
    All these keywords.

    JEL classification:

    • N13 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: Pre-1913
    • N63 - Economic History - - Manufacturing and Construction - - - Europe: Pre-1913

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:88138. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.