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The Growth of the Italian Economy, 1861-1913: Revised Second-Generation Expenditure-Side Estimates

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  • Fenoaltea, Stefano

Abstract

This paper presents revised expenditure-side constant-price historical national accounts for Italy from Unification to 1913. The extant estimates at 1911 prices by the present author on the one hand and Alberto Baffigi on the other are both derived from the better-documented production side, but with significantly different algorithms and results. The new estimates are based on the new, extensively revised production-side accounts; the underlying methodology remains the present author’s, arguably altogether sounder than Baffigi’s.

Suggested Citation

  • 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.
    • Handle: RePEc:pra:mprapa:88016
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    References listed on IDEAS

    as
    1. Toniolo, Gianni (ed.), 2013. "The Oxford Handbook of the Italian Economy Since Unification," OUP Catalogue, Oxford University Press, number 9780199936694.
    2. Stefano Fenoaltea, 2015. "Italian Industrial Production, 1861-1913: A Statistical Reconstruction. E. The Metalmaking Industries," Carlo Alberto Notebooks 416, Collegio Carlo Alberto.
    3. Fenoaltea, Stefano, 2003. "Notes on the Rate of Industrial Growth in Italy, 1861–1913," The Journal of Economic History, Cambridge University Press, vol. 63(3), pages 695-735, September.
    4. Stefano Fenoaltea, 2015. "Industrial Employment in Italy, 1911: The Burden of the Census Data," Rivista di storia economica, Società editrice il Mulino, issue 2, pages 225-246.
    5. Stefano Fenoaltea, 2002. "Production and Consumption in Post-Unification Italy: New Evidence, New Conjectures," Rivista di storia economica, Società editrice il Mulino, issue 3, pages 251-300.
    6. 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.
    7. 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.
    8. Stefano Fenoaltea, 2015. "Italian Industrial Production, 1861-1913: A Statistical Reconstruction. B. The Extractive Industries," Carlo Alberto Notebooks 413, Collegio Carlo Alberto.
    9. Stefano Fenoaltea, 2015. "Italian Industrial Production, 1861 1913: A Statistical Reconstruction. J. The Utilities Industries," Carlo Alberto Notebooks 421, Collegio Carlo Alberto.
    10. Stefano Fenoaltea, 2000. "The Growth of Italy's Wool Industry, 1861-1913: A Statistical Reconstruction," Rivista di storia economica, Società editrice il Mulino, issue 2, pages 119-146.
    11. Giovanni Federico, 2003. "Le nuove stime della produzione agricola italiana, 1860-1910: primi risultati e implicazioni," Rivista di storia economica, Società editrice il Mulino, issue 3, pages 359-382.
    12. Fenoaltea,Stefano, 2014. "The Reinterpretation of Italian Economic History," Cambridge Books, Cambridge University Press, number 9781107658080.
    13. Fenoaltea, Stefano, 1971. "Railroads and Italian industrial growth, 1861-1913," Explorations in Economic History, Elsevier, vol. 9(1), pages 325-351.
    14. Stefano Fenoaltea, 2015. "Italian Industrial Production, 1861-1913: A Statistical Reconstruction. C. The Non-metallic Mineral Products Industries," Carlo Alberto Notebooks 414, Collegio Carlo Alberto.
    15. Stefano Fenoaltea, 2015. "Italian Industrial Production, 1861 1913: A Statistical Reconstruction. F. The Engineering Industries," Carlo Alberto Notebooks 419, Collegio Carlo Alberto.
    16. Stefano Fenoaltea, 2015. "Italian Industrial Production, 1861-1913: A Statistical Reconstruction. D. The Chemical, Coal and Petroleum Products, and Rubber Industries," Carlo Alberto Notebooks 415, Collegio Carlo Alberto.
    17. Fenoaltea, Stefano, 1969. "Public Policy and Italian Industrial Development, 1861–1913," The Journal of Economic History, Cambridge University Press, vol. 29(1), pages 176-179, March.
    18. Stefano Fenoaltea, 2012. "The Growth of the Italian Economy, 1861-1913: The Expenditure Side Re-(and De-)constructed," Rivista di storia economica, Società editrice il Mulino, issue 2, pages 285-318.
    19. 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.
    20. 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.
    21. Stefano Fenoaltea, 2010. "The reconstruction of historical national accounts: the case of Italy," PSL Quarterly Review, Economia civile, vol. 63(252), pages 77-96.
    22. 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.
    23. Stefano Fenoaltea, 1976. "Real Value Added and the Measurement of Industrial Production," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 5, number 1, pages 111-137, National Bureau of Economic Research, Inc.
    24. Stefano Fenoaltea, 2015. "Italian Industrial Production, 1861 1913: A Statistical Reconstruction. K. The Construction Industries," Carlo Alberto Notebooks 422, Collegio Carlo Alberto.
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    Cited by:

    1. Fenoaltea, Stefano, 2020. "Reconstructing The Past: The New Production-Side Estimates For Italy, 1861–1913," MPRA Paper 99307, University Library of Munich, Germany.
    2. Stefano Fenoaltea, 2018. "Spleen: the failures of the cliometric school," HHB Working Papers Series 14, The Historical Household Budgets Project.
    3. 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".
    4. 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.
    5. Fenoaltea, Stefano, 2018. "The Growth of the Italian Economy, 1861−1913: The Composition Of Investment," MPRA Paper 88138, University Library of Munich, Germany.
    6. 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.
    7. Fenoaltea, Stefano, 2020. "Reconstructing The Past: Italy's Historical National Accounts, 1861-1913," MPRA Paper 98350, University Library of Munich, Germany.

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    More about this item

    Keywords

    Measurement; pre-WW1 Italy;

    JEL classification:

    • 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
    • N63 - Economic History - - Manufacturing and Construction - - - Europe: Pre-1913
    • N73 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - Europe: Pre-1913

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