Italy’s Growth and Decline, 1861-2011
With the end of the celebrations marking the 150th anniversary of the unification of Italy, the availability of a large body of new historical statistical data calls for a redefinition of the features of Italian economic growth. The paper presents new estimates – at both national and regional level – of Italy’s GDP from 1861 to 2011; we discuss their interpretation in the light of the changes in the institutions, in technological regimes and in the broader international context. In contrast with its successful long-term performance, Italy’s economic growth has slackened since the 1990s and has now come to a halt. The paper deals with the question of whether fears that the country is on the road to economic decline are grounded. The answer is an affirmative one. Part of the problem is southern Italy’s inability to converge towards the more virtuous part of the country.
|Date of creation:||11 Oct 2013|
|Date of revision:||11 Oct 2013|
|Contact details of provider:|| Postal: |
Web page: http://www.ceistorvergata.it
More information through EDIRC
|Order Information:|| Postal: CEIS - Centre for Economic and International Studies - Faculty of Economics - University of Rome "Tor Vergata" - Via Columbia, 2 00133 Roma|
Web: http://www.ceistorvergata.it Email:
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Julio Martinez-Galarraga & Joan R. Roses & Daniel A. Tirado Fabregat, 2009.
"The Upswing of Regional Income Inequality in Spain (1860-1930),"
Working Papers in Economic History
wp09-05, Universidad Carlos III, Instituto Figuerola de Historia y Ciencias Sociales.
- Rosés, Joan Ramón & Martínez-Galarraga, Julio & Tirado, Daniel A., 2010. "The upswing of regional income inequality in Spain (1860-1930)," Explorations in Economic History, Elsevier, vol. 47(2), pages 244-257, April.
- Felice, Emanuele & Carreras, Albert, 2012. "When did modernization begin? Italy's industrial growth reconsidered in light of new value-added series, 1911–1951," Explorations in Economic History, Elsevier, vol. 49(4), pages 443-460.
- repec:cup:cbooks:9780521868273 is not listed on IDEAS
- Huberman, Michael, 2004. "Working Hours of the World Unite? New International Evidence of Worktime, 1870 1913," The Journal of Economic History, Cambridge University Press, vol. 64(04), pages 964-1001, December.
- Federico, Giovanni & Tena, Antonio, 1998. "Was Italy a protectionist country?," European Review of Economic History, Cambridge University Press, vol. 2(01), pages 73-97, April.
- Giovanni Federico, 1996. "Italy, 1860-1940: a little-known success story," Economic History Review, Economic History Society, vol. 49(4), pages 764-786, November.
- Felice E., 2002. "Le politiche economiche regionali in Italia e nel Regno Unito (1950-1989)," Rivista economica del Mezzogiorno, Società editrice il Mulino, issue 1-2, pages 175-238.
- Harold James & Kevin H. O'Rourke, 2011.
"Italy and the first age of globalization, 1861-1940,"
Quaderni di storia economica (Economic History Working Papers)
16, Bank of Italy, Economic Research and International Relations Area.
- Kevin HjortshÃ¸j O'Rourke & Harold James, 2012. "Italy and the First Age of Globalization, 1861-1940," Economics Series Working Papers Number 94, University of Oxford, Department of Economics.
- Harold James & Kevin H. O’Rourke, 2012. "Italy and the first age of Globalization, 1861-1940," Oxford University Economic and Social History Series _094, Economics Group, Nuffield College, University of Oxford.
- Emanuele Felice & Michelangelo Vasta, 2012. "Passive Modernization? The New Human Development Index and Its Components in Italy’s Regions (1871-2007)," UHE Working papers 2012_10, Universitat Autònoma de Barcelona, Departament d'Economia i Història Econòmica, Unitat d'Història Econòmica.
- Barca, Fabrizio & Trento, Sandro, 1997. "State Ownership and the Evolution of Italian Corporate Governance," Industrial and Corporate Change, Oxford University Press, vol. 6(3), pages 533-59, September.
- Gerschenkron, Alexander, 1955. "Notes on the Rate of Industrial Growth in Italy, 1881–1913," The Journal of Economic History, Cambridge University Press, vol. 15(04), pages 360-375, December.
- Carreras Albert & Felice Emanuele, 2010. "L'industria italiana dal 1911 al 1938: ricostruzione della serie del valore aggiunto e interpretazioni," Rivista di storia economica, Società editrice il Mulino, issue 3, pages 285-334.
- Mattesini, Fabrizio & Quintieri, Beniamino, 1997. "Italy and the Great Depression: An Analysis of the Italian Economy, 1929-1936," Explorations in Economic History, Elsevier, vol. 34(3), pages 265-294, July.
- Barbara Pistoresi & Alberto Rinaldi, 2010. "Exports,growth and causality. New evidence on Italy: 1863-2004," Department of Economics 0633, University of Modena and Reggio E., Faculty of Economics "Marco Biagi".
- Feinstein, Charles H. & Temin, Peter & Toniolo, Gianni, 2008. "The World Economy between the World Wars," OUP Catalogue, Oxford University Press, number 9780195307559, March.
- Virginia Di Nino & Barry Eichengreen & Massimo Sbracia, 2011. "Real Exchange Rates, Trade, and Growth: Italy 1861-2011," Quaderni di storia economica (Economic History Working Papers) 10, Bank of Italy, Economic Research and International Relations Area.
- Vittorio Daniele & Paolo Malanima, 2007. "Il prodotto delle regioni e il divario Nord-Sud in Italia (1861-2004)," Rivista di Politica Economica, SIPI Spa, vol. 97(2), pages 267-316, March-Apr.
- repec:cup:cbooks:9780521708388 is not listed on IDEAS
- 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(03), pages 605-637, September.
- repec:cup:cbooks:9780521687850 is not listed on IDEAS
When requesting a correction, please mention this item's handle: RePEc:rtv:ceisrp:293. 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: (Barbara Piazzi)
If references are entirely missing, you can add them using this form.