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Reconstructing The Past: The Measurement Of Aggregate Product

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  • Fenoaltea, Stefano

Abstract

This paper summarizes the author’s considerations on the measurement of a national economy’s historical aggregate product. Given the sources from which we can start, and the objective we wish to reach, the proper path follows logically; the extant corpus of historical national accounts seems to follow a very different path, uninformed by due reflection.

Suggested Citation

  • Fenoaltea, Stefano, 2020. "Reconstructing The Past: The Measurement Of Aggregate Product," MPRA Paper 97042, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:97042
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    References listed on IDEAS

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    1. Fenoaltea, Stefano, 2018. "Spleen: the failures of the cliometric school," MPRA Paper 90210, University Library of Munich, Germany.
    2. Sims, Christopher A, 1969. "Theoretical Basis for a Double Deflated Index of Real Value Added," The Review of Economics and Statistics, MIT Press, vol. 51(4), pages 470-471, November.
    3. 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.
    4. 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.
    5. Stefano Fenoaltea, 2015. "Italian Industrial Production, 1861 1913: A Statistical Reconstruction. F. The Engineering Industries," Carlo Alberto Notebooks 419, Collegio Carlo Alberto.
    6. 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.
    7. Fenoaltea, Stefano, 1982. "The Growth of the Utilities Industries in Italy, 1861–1913," The Journal of Economic History, Cambridge University Press, vol. 42(3), pages 601-627, September.
    8. Pollak, Robert A, 1985. "A Transaction Cost Approach to Families and Households," Journal of Economic Literature, American Economic Association, vol. 23(2), pages 581-608, June.
    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, 1981. "The slavery debate: A note from the sidelines," Explorations in Economic History, Elsevier, vol. 18(3), pages 304-308, July.
    11. Romer, Christina D, 1986. "Is the Stabilization of the Postwar Economy a Figment of the Data?," American Economic Review, American Economic Association, vol. 76(3), pages 314-334, June.
    12. 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.
    13. 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.
    14. Rapp, Richard T., 1975. "The Unmaking of the Mediterranean Trade Hegemony: International Trade Rivalry and the Commercial Revolution," The Journal of Economic History, Cambridge University Press, vol. 35(3), pages 499-525, September.
    15. Stefano Fenoaltea, 2015. "Italian Industrial Production, 1861-1913: A Statistical Reconstruction. B. The Extractive Industries," Carlo Alberto Notebooks 413, Collegio Carlo Alberto.
    16. Stefano Fenoaltea, 2010. "The reconstruction of historical national accounts: the case of Italy," PSL Quarterly Review, Economia civile, vol. 63(252), pages 77-96.
    17. 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.
    18. Gerschenkron, Alexander, 1955. "Notes on the Rate of Industrial Growth in Italy, 1881–1913," The Journal of Economic History, Cambridge University Press, vol. 15(4), pages 360-375, December.
    19. William D. Nordhaus & James Tobin, 1972. "Economic Research: Retrospect and Prospect, Volume 5, Economic Growth," NBER Books, National Bureau of Economic Research, Inc, number nord72-1, March.
    20. 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.
    21. Fenoaltea, Stefano, 1984. "Slavery and Supervision in Comparative Perspective: A Model," The Journal of Economic History, Cambridge University Press, vol. 44(3), pages 635-668, September.
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    Cited by:

    1. 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.
    2. Fenoaltea, Stefano, 2020. "Reconstructing The Past: Italy's Historical National Accounts, 1861-1913," MPRA Paper 98350, University Library of Munich, Germany.
    3. Fenoaltea, Stefano, 2020. "Reconstructing The Past: The New Production-Side Estimates For Italy, 1861–1913," MPRA Paper 99307, University Library of Munich, Germany.

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    More about this item

    Keywords

    measurement; historical national accounts;

    JEL classification:

    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • N01 - Economic History - - General - - - Development of the Discipline: Historiographical; Sources and Methods

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