Italy’s Total Factor Productivity in a Global Economy: Growth and Spillover Effects (c. 1400–2010)

Bas Leeuwen (), Matteo Calabrese () and Meimei Wang ()
Additional contact information
Bas Leeuwen: International Institute of Social History
Matteo Calabrese: University of Luxembourg
Meimei Wang: Chinese Academy of Social Sciences

Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, 2024, vol. 10, issue 1, No 3, 43-57

Abstract: Abstract Due to a lack of historical data, there is a gap in the literature with regard to total factor productivity (TFP) series in the long run for Italy. In this article, by combing information from the literature, original TFP estimates assessed with a “price dual” methodology (where changes in factor prices are used to capture physical output), and a Cobb–Douglas production equation, we first introduce a set of new TFP measures for Italy between 1360 and 1770 as well as for various global regions from c. 1400 to 2010. Second, the resulting new dataset allows us to decompose TFP in global spillover effects of technology and local effects for Italy in the long run. We find that spillover effects played a non-significant part in determining Italy’s TFP decline between c. 1600 and 1800. However, the spillover component grew faster during the period 1890–2010 and reached peaks during phases of declining local (trend) TFP growth, such as between the two world wars and in the period starting with the second globalisation (1989–2010).

Keywords: Total factor productivity; Technology; Italy; Spillover; Price dual; Trend-cycle (search for similar items in EconPapers)
JEL-codes: N13 N14 N15 N30 N33 N34 N35 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s40797-023-00221-x Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:italej:v:10:y:2024:i:1:d:10.1007_s40797-023-00221-x

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/40797

DOI: 10.1007/s40797-023-00221-x

Access Statistics for this article

Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti is currently edited by Roberto Cellini

More articles in Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti from Springer, Società Italiana degli Economisti (Italian Economic Association) Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().