Template-type: ReDIF-Paper 1.0
Author-Name: Sella, Lisa
Author-Email: lisa.sella@unito.it 
Author-Name: Marchionatti, Roberto 
Author-Email: roberto.marchionatti@unito.it
Author-Homepage: http://www.de.unito.it/web/member/marchionatti/personal-CV.htm
Author-Name: Cassata, Francesco
Author-Email: francesco.cassata@unito.it
Author-Homepage: http://unito.academia.edu/FrancescoCassata
Author-Workplace-Name: University of Turin
Author-Workplace-Homepage: http://www.de.unito.it/
Title: Economic Growth and Cycles in Italy, 1881-1913 Luigi Einaudi’s Interpretation Revisited
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.
Length: 14 pages
Creation-Date: 2010-12
File-URL: http://www.cesmep.unito.it/WP/2010/5_WP_Cesmep.pdf
File-Format: Application/PDF
Handle: RePEc:uto:cesmep:201005