A revised estimate of Italian economic growth, 1861-1989

Angus Maddison

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Historical Economic and Social Studies Economic Growth and Productivity Italy: Economic History and Contemporary Issues

Abstract

A major problem with the existing estimates of Italian GDP estimates for the nineteenth century is that they show virtually no advance in per capita GDP for the three decades before 1890, when all other Western European countries were experiencing significant growth. These estimates have troubled historians trying to interpret Italian economic development as well as analysts of comparative economic performance. The present work examines the problems related to official estimates of Italian GDP and puts forward revised estimates.

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References

1991Dynamic forces in capitalist development 1988International resource flows and construction movements in the atlantic economy: the kuznets cycle in Italy, 1861–1913

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2013Italian National Accounts, 1861-2011 2013The Golden Age and the Second Globalization in Italy

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