IDEAS home Printed from
   My bibliography  Save this article

The growth of the Italian economy, 1861–1913: Preliminary second-generation estimates




This article presents new estimates of aggregate production in post-unification Italy: the first since the original Istat-Vitali estimates of some forty years ago not to recombine their component series, and to be based entirely on new research. The new 1911-price GDP series incorporates the recent Federico series for agriculture, the author's recent series for industry, and newly derived series for services that extrapolate the recent Zamagni estimates of their value added in 1911. The new time series for the 11 sectors specified by the original estimates often differ widely from their predecessors. The new aggregate yields a long-term growth rate well above that of the original series, but not as high as that of Maddison's revision. The end-of-the-century acceleration that characterised all the earlier aggregates disappears: total production followed in muted form the long swing in industrial production, which in turn reflected a simple investment cycle. The implications of the new series in the context of the ongoing debates in the literature are also briefly discussed.

Suggested Citation

  • 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.
  • Handle: RePEc:cup:ereveh:v:9:y:2005:i:03:p:273-312_00

    Download full text from publisher

    File URL:
    File Function: link to article abstract page
    Download Restriction: no

    More about this item


    Access and download statistics


    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:cup:ereveh:v:9:y:2005:i:03:p:273-312_00. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Keith Waters). General contact details of provider: .

    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.

    We have no references for this item. You can help adding them by using 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.