Galassi, Francesco L. and Pudney, Stephen (1999) Output risk in Tuscan agriculture in the late 19th and early 20th centuries. Working Paper. University of Warwick, Department of Economics, Coventry.

Preview

PDF WRAP_Galassi_twerp552.pdf - Requires a PDF viewer such as GSview, Xpdf or Adobe Acrobat Reader Download (101Kb)

Abstract

We analyse output risk in Italian agriculture over the period 1870-1914. We use data on a set of 16 tenanted plots grouped into three farms comprising a single large estate. We estimate the degree of risk associated with each separate crop, with the portfolio of crops at the level of the plot, the farm and the estate. We highlight two particular features: the relatively high risk associated with tree crops (wine, oil and nuts); and the substantial scope for the landlord to reduce risk through crop diversification across plots. We discuss the implications of these for tenure contract theory.

Item Type:	Working or Discussion Paper (Working Paper)
Alternative Title:	Output risk in Tuscan agriculture in the late nineteenth and early twentieth centuries
Subjects:	H Social Sciences > HC Economic History and Conditions S Agriculture > S Agriculture (General)
Divisions:	Faculty of Social Sciences > Economics
Library of Congress Subject Headings (LCSH):	Risk management -- Italy, Agriculture -- Italy -- Tuscany -- History, Land tenure -- Italy -- Tuscany, Tuscany (Italy) -- Economic conditions
Series Name:	Warwick economic research papers
Publisher:	University of Warwick, Department of Economics
Place of Publication:	Coventry
Date:	October 1999
Number:	No.552
Number of Pages:	22
Status:	Not Peer Reviewed
Access rights to Published version:	Open Access
References:	Bevilacqua, P., ed. (1990), Storia dell'agricoltura italiana. Venice: Marsilio, 3 vols. Cohen, J. S., and Galassi, F. L. (1990), "Sharecropping and Productivity: Feudal Residues in Italian Agriculture, 1911." Economic History Review 43, 4, 646-656. Federico, G. (1996), "Italy 1860-1940: A little known success story." Economic History Review 49, 4, 764-786. Fattori, M. (1973) “L’economia del Mugello nel XVIII secolo (1757-1767): le produzioni e la formazione del reddito in alcuni poderi campioni.” Rivista di Storia dell’Agricoltura 13, 3, 78-96 Fenoaltea, S. (1983), "Italy." in P. K. O'Brian (Ed.), Railways and the Economic Development of Western Europe. London: Macmillan, 49-120. Galassi, F. L. (1993), "Mezzadria e sviluppo tecnologico tra '800 e '900." Rivista di Storia dell'Agricoltura 33, 91-123. Galassi, F. L., and Cohen, J. S. (1994), "The Economics of Tenancy in Early Twentieth Century Southern Italy." Economic History Review Second Series 47, 585-600. Galassi, F. L., and Cohen, J. S. (1992), "La agricultura italiana, 1860-1930: tendencias de la producción y diferencias en la productividad regional." in L. Prados de la Escosura, and V. Zamagni (Eds.), El desarrollo económico en la Europa del Sur: España e Italia en perspectiva histórica. Madrid: Alianza, 139-70. Galassi, F.L., and Zamagni, V. (1994), “L’azienda agraria: un problema storiografico aperto, 1860-1940.” in P.P.D’Attorre, A.DeBernardi (Eds.), Studi sull’agricoltura italiana. Milan: Feltrinelli. Giacinti, R. (1974), “L’economia di un podere chiantigiano dal primo Ottocento all’Unità d’Italia.” Rivista di Storia dell’Agricoltura, 14, 1, 85-103. Gramsci, A. (1950), Il Risorgimento. Torino: Einaudi. Härdle, W. (1990) Applied Nonparametric Regression. Cambridge: Cambridge University Press. Lupo, S. (1990), Il giardino degli aranci. Il mondo degli agrumi nella storia del Mezzagiorno. Venice: Marsilio. Luporini, A., and Parigi, B. (1996), “Multitask sharecropping contracts. The Italian Mezzadria.” Economica. 63, 251, 445-458. Nucci, F., and Pellegrinotti, D. (1994), Mezzadria e sviluppo in Val di Bisenzio. Firenze: CET. Pasolini, M. (1890), “Una famiglia di mezzadri romagnoli nel Comune di Ravenna.” Giornale degli Economisti, Serie II, 1, 9, 1890, 245-287. Poni, C. (1982), Fossi e cavedagne benedicon le campagne. Bologna: Il Mulino. Pudney, S. E. (1993), “Income and wealth inequality and the life-cycle: a non-parametric analysis for China.” Journal of Applied Econometrics 8, 249-276. Pudney, S., Galassi, F.L., and Mealli, F. (1998), “An econometric model of farm tenures in fifteenth century Florence”Economica 65 Sereni, E., (1947) Il capitalismo nelle campagne, 1860-1900. Torino: Einaudi. Sereni, E., (1946) La questione agraria nella rinascita nazionale italiana. Torino: Einaudi. Singh, N., (1989), “Theories of Sharecropping.” In P.K.Bardhan (Ed.) The Economic Theory of Agrarian Institutions. Oxford: Clarendon Press. pp. 33-72. Tassinari, G. (1914), “Una famiglia di mezzadri nel Comune di Castellina in Chianti” Continuazione degli Atti della Reale Accademia Economico-Agraria dei Georgofili Series V, 11, 4, 289-315. Toniolo, G. (1990), An Economic History of Liberal Italy, 1859-1918. London: Routledge, trans. by M. Rees. Violante, S. (1983), “Sintesi ed interpretazioni di dati statistici inerenti un’azienda agraria toscana (Artimino 1782-1877): variabili socio-economiche.” In G. Coppola (Ed.) Agricoltura e aziende agrarie nell’Italia centro-settentrionale. Milan: Franco Angeli. Pp. 425-54. Zamagni, V. (1993), The Economic History of Italy, 1860-1990. Oxford: Clarendon Press. Zamagni, V. (1978), Industrializzazione e squilibri regionali in Italia. Bologna: Il Mulino.
URI:	http://wrap.warwick.ac.uk/id/eprint/1625

Request changes to a record

Actions (login required)

View Item