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Italian National Accounts Revisited (1951-1970)

Author

Listed:
  • Guido Maria Rey

    () (Scuola Superiore Sant'Anna di Pisa)

  • Luisa Picozzi

    () (ISTAT)

  • Paolo Piselli

    () (Bank of Italy)

  • Sandro Clementi

    () (DigitPA)

Abstract

The research presented here is part of a wider project of revision of historical national accounts in Italy between 1891 and 1970. The reconstruction for 1951-1970 relies on a previous estimate of inter-sectoral (input-output) matrix for 1951 and on a new estimate of inter-sectoral matrix for 1970. For that year, the last "pillar" on which this reconstruction is based, the reconstruction of level of national accounts aggregates is carried out, while keeping consistency with the figures estimated in the previous "pillar years", both in terms of classification of economic activities and with reference to the accounting scheme (ISTAT 65). Starting from values pinned down in the pillar years, value added for 15 branches and GDP uses are computed for each year under the constraint of two other inter-sectoral matrices in 1959 and 1965. Annual data between pillars are estimated with Denton's interpolation method, using as reference series the growth rates of original series from ISTAT.

Suggested Citation

  • Guido Maria Rey & Luisa Picozzi & Paolo Piselli & Sandro Clementi, 2012. "Italian National Accounts Revisited (1951-1970)," Quaderni di storia economica (Economic History Working Papers) 27, Bank of Italy, Economic Research and International Relations Area.
    • Handle: RePEc:bdi:workqs:qse_27
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    File URL: http://www.bancaditalia.it/pubblicazioni/quaderni-storia/2012-0027/QSE_27.pdf
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    References listed on IDEAS

    as
    1. Giovanni Iuzzolino & Guido Pellegrini & Gianfranco Viesti, 2011. "Convergence among Italian Regions, 1861-2011," Quaderni di storia economica (Economic History Working Papers) 22, Bank of Italy, Economic Research and International Relations Area.
    2. Luigi Guiso & Paolo Pinotti, 2011. "Democratization and Civic Capital in Italy," Quaderni di storia economica (Economic History Working Papers) 23, Bank of Italy, Economic Research and International Relations Area.
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    Cited by:

    1. Giuseppe Albanese & Guido de Blasio, 2016. "Civic Capital and Development: Italy, 1951-2001," Politica economica, Società editrice il Mulino, issue 1, pages 47-64.

    More about this item

    Keywords

    Italy; National Accounts; Historical Data Reconstruction;

    JEL classification:

    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
    • N13 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: Pre-1913
    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-

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