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The (in)visible side of the balance of payment: a revised estimates of Italy’s current account, 1862-1913

Author

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  • Giovanni Federico
  • Andrea Incerpi

Abstract

The accuracy of Italy’s current account series in the Liberal Age has been debated since ISTAT reconstruction in 1957, resulting in a few isolated attempts to shed lights on the topic. The aim of the paper is to provide a new estimate for the main components of the current account, that is trade balance and invisibles, taking into account some possible corrections and new methodologies to overcome the limited availability of data. Results suggest to deepen the analysis of post-Unification Italy looking to different perspectives

Suggested Citation

  • Giovanni Federico & Andrea Incerpi, 2024. "The (in)visible side of the balance of payment: a revised estimates of Italy’s current account, 1862-1913," Department of Economics University of Siena 911, Department of Economics, University of Siena.
    • Handle: RePEc:usi:wpaper:911
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    File URL: http://repec.deps.unisi.it/quaderni/911.pdf
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    More about this item

    Keywords

    Italy; current account; post-Unification;
    All these keywords.

    JEL classification:

    • N13 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: Pre-1913
    • N73 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - Europe: Pre-1913

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