A Historical Reconstruction of Capital and Labour in Italy, 1861-2013

Claire Giordano and Francesco Zollino ()
Additional contact information
Francesco Zollino: Bank of Italy

No 37, Quaderni di storia economica (Economic History Working Papers) from Bank of Italy, Economic Research and International Relations Area

Abstract: In this paper we provide a detailed explanation of the methodology underlying the construction of a new labour and capital stock dataset for Italy since 1861. The existing seminal paper (Rossi, Sorgato and Toniolo 1993) only covered the period 1911-1990 for labour and 1890-1990 for capital; moreover, sectoral disaggregation was limited. The labour dataset presented here includes both headcount and full-time equivalent annual estimates and provides a ten-sector breakdown. Net capital stock annual estimates are instead disaggregated by asset type (transport equipment, machinery and equipment, and construction, in turn divided into residential and non-residential). We then analyse the key features of the structural change in the Italian economy over the more than 150 years since unification. This dataset, combined with the new historical national accounts time series published by the Bank of Italy, finally makes a sectoral analysis of Italy's long-run development possible.

Keywords: labour; capital; historical national accounts; Italy (search for similar items in EconPapers)
JEL-codes: N00 N01 O10 (search for similar items in EconPapers)
Date: 2016-11
New Economics Papers: this item is included in nep-his
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
https://www.bancaditalia.it/pubblicazioni/quaderni ... .htmlpage.language=1 (application/pdf)

Related works:
Journal Article: A Historical Reconstruction of Capital and Labour in Italy, 1861-2013 (2015)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bdi:workqs:qse_37

Access Statistics for this paper

More papers in Quaderni di storia economica (Economic History Working Papers) from Bank of Italy, Economic Research and International Relations Area Contact information at EDIRC.
Bibliographic data for series maintained by ().