Autori
Cassata, Francesco
Marchionatti, Roberto

Titolo
Economic Growth and Cycles in Italy, 1881-1913 Luigi Einaudi's Interpretation Revisited
Periodico
Università degli studi di Torino. Dip. Di Economia e Statistica Cognetti de Martiis. CESMEP. Working paper series
Anno: 2010 - Volume: 12 - Fascicolo: 5 - Pagina iniziale: 1 - Pagina finale: 14

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



Testo completo: http://www.cesmep.unito.it/WP/2010/5_WP_Cesmep.pdf

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