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Italy's Long-Term Economic Performance: GDP Estimates from 1300 to 1861

Author

Listed:
  • Federico, Giovanni
  • Nuvolari, Alessandro
  • Ridolfi, Leonardo
  • Vasta, Michelangelo

Abstract

We present new demand-side estimates of GDP per capita for Italy and its two macro-areas, Centre-North and South for the pre-industrial period (1328-1861), based on a novel dataset including almost 95,000 observations from 169 different locations. Our estimates confirm the chronology of the “Little Divergence†relative to the Netherlands and England. Italy maintained its leading position relative to the other European countries and was overtaken by France and Germany only in the first half of the 19th century. GDP per capita trends differed between Centre-North and South determining a “slow-motion†divergence from the 15th century to the political unification.

Suggested Citation

  • Federico, Giovanni & Nuvolari, Alessandro & Ridolfi, Leonardo & Vasta, Michelangelo, 2024. "Italy's Long-Term Economic Performance: GDP Estimates from 1300 to 1861," CEPR Discussion Papers 19406, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:19406
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    More about this item

    Keywords

    Italy; Gdp per capita; demand side approach; regional divergence;
    All these keywords.

    JEL classification:

    • N13 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: Pre-1913
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts

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