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


  • Fenoaltea, Stefano


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

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    References listed on IDEAS

    1. 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.
    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. Stefano Fenoaltea, 2015. "Italian Industrial Production, 1861-1913: A Statistical Reconstruction. B. The Extractive Industries," Carlo Alberto Notebooks 413, Collegio Carlo Alberto.
    4. 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.
    5. Stefano Fenoaltea, 2015. "Italian Industrial Production, 1861 1913: A Statistical Reconstruction. K. The Construction Industries," Carlo Alberto Notebooks 422, Collegio Carlo Alberto.
    6. 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.
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    More about this item


    Measurement; Pre-WW1 Italy; Investment;

    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

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