Il valore aggiunto dei servizi 1861-1951: la nuova serie a prezzi correnti e prime interpretazioni

Patrizia Battilani, Emanuele Felice and Vera Negri Zamagni

No 33, Quaderni di storia economica (Economic History Working Papers) from Bank of Italy, Economic Research and International Relations Area

Abstract: This paper presents the new yearly series of the value-added of services for Italy, from 1861 to 1951, at current prices. For each sector, after discussing sources and methodology, the results are compared with the early Istat (1957) series. By looking at the production value of specific activities, it is possible to reveal the strong underestimation of the early series. From 1861 to 1911, our new estimate is consistently higher: the gap increases while the Italian economy grows strongly, which may lead to a more favourable evaluation of the contribution of services to the industrialization of the country. Between 1911 and 1938, our series is more cyclical, performing better in the twenties, worse during the 1929 crisis, but then again showing faster recovery in the 1930s. Finally, the changes between 1938 and 1951 are essentially due to the heavy underestimation of services found in the early series for 1951.

Keywords: Italia; conti nazionali; servizi; ricostruzione di dati storici (search for similar items in EconPapers)
JEL-codes: C82 N73 N74 (search for similar items in EconPapers)
Date: 2014-12
New Economics Papers: this item is included in nep-his
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