Economic Growth and Cycles in Italy, 1881-1913 Luigi Einaudi’s Interpretation Revisited

Lisa Sella (), Roberto Marchionatti and Francesco Cassata ()
Additional contact information
Francesco Cassata: University of Turin, http://unito.academia.edu/FrancescoCassata

CESMEP Working Papers from University of Turin

Abstract: Since the 1950s, beginning with the Gerschenkron’s classical article, a great number of studies have dealt with the issue of the Italian economic growth in the post-unification period. In this regard, an important work of reconstructing of historical data series has been accomplished, particularly by Fenoaltea. However, Fenoaltea’s analysis underestimates the short-term cyclical variability of the Italian economy in the sub-period 1893-1913, a phenomenon on the contrary emphasized in the neglected qualitative-quantitative analyses conducted by Luigi Einaudi and colleagues in the early twentieth century. This paper uses various advanced spectral methods to reconsider Italian economic growth and cycles in the post-Unification period in an attempt to evaluate Einaudi’s interpretation of Italian cyclical economic growth. Our analysis substantially confirms the soundness of Einaudi’s interpretation.

Pages: 14 pages
Date: 2010-12
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.cesmep.unito.it/WP/2010/5_WP_Cesmep.pdf (application/pdf)

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:uto:cesmep:201005

Access Statistics for this paper

More papers in CESMEP Working Papers from University of Turin Contact information at EDIRC.
Bibliographic data for series maintained by Laura Ballestra () and Cinzia Carlevaris ().