On the cyclical variability of economic growth in Italy, 1881–1913: a critical note

Lisa Sella () and Roberto Marchionatti
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Lisa Sella: University of Torino, Torino, Italy

Cliometrica, Journal of Historical Economics and Econometric History, 2012, vol. 6, issue 3, 307-328

Abstract: Since the 1950s, beginning with Gerschenkron’s classic article, a great number of studies have examined Italy’s economic growth in the post-Unification period; and the quantitative evidence has been much improved, particularly by Fenoaltea. However, the cyclical variability of the Italian economy in the sub-period 1893–1913 is low, and apparently underestimated, in Fenoaltea’s reconstruction, whereas it was emphasized in the neglected qualitative–quantitative analyses conducted by Luigi Einaudi and his colleagues of the Turin school in the early twentieth century. This paper uses various advanced spectral methods to reconsider Italian economic growth and cycles in the post-Unification period, detecting in Italian GDP a significant structure which closely matches the Einaudians’ account of Italian development in the period 1881–1913.

Keywords: Economic growth; Business cycles; Italian economic history; Luigi Einaudi; Spectral methods (search for similar items in EconPapers)
JEL-codes: B13 C22 E32 N13 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (10)

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