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A sectoral analysis of Italy's development : 1861 -2010

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Broadberry, S. N., Giordano, Claire and Zollino, Francesco (2011) A sectoral analysis of Italy's development : 1861 -2010. Working Paper. Coventry, UK: Department of Economics, University of Warwick. CAGE Online Working Paper Series, Volume 2011 (Number 62).

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Abstract

Italy‘s economic growth over its 150 years of unified history did not occur at a steady pace nor was it
balanced across sectors. Relying on an entirely new input (labour and capital) database by us built
and presented in the Appendix, together with new Banca d‘Italia estimates of GDP by sector, this
paper evaluates the different labour productivity growth trends within the Italian economy‘s sectors,
as well as the contribution of structural change to productivity growth. Italy‘s performance is then set
in an international context: a comparison of sectoral labour productivity growth rates and levels
within a selected sample of countries (UK, US, Germany, Japan, India) allows us to better time,
quantify and gauge the causes of Italy‘s catching-up process and subsequent more recent slowdown.
Finally, the paper analyses the proximate sources of Italy‘s growth, relative to the other countries, in
a standard growth accounting framework, in an attempt also to disentangle the contribution of both
total factor productivity growth and capital deepening to the country‘s labour productivity dynamics.

Item Type: Working or Discussion Paper (Working Paper)
Subjects: H Social Sciences > HD Industries. Land use. Labor
Divisions: Faculty of Social Sciences > Economics
Library of Congress Subject Headings (LCSH): Economic development -- Italy, Labor productivity -- Italy
Series Name: CAGE Online Working Paper Series
Publisher: Department of Economics, University of Warwick
Place of Publication: Coventry, UK
Official Date: November 2011
Dates:
DateEvent
November 2011Published
Volume: Volume 2011
Number: Number 62
Number of Pages: 78
Status: Peer Reviewed
Publication Status: Published
Description:

This paper was presented at the Conference ―Italy and the World Economy, 1861-1911, Rome, Banca d‘Italia 12-15 October 2011

Date of first compliant deposit: 1 August 2016
Date of first compliant Open Access: 1 August 2016

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