Hostname: page-component-586b7cd67f-2plfb Total loading time: 0 Render date: 2024-11-26T07:47:58.508Z Has data issue: false hasContentIssue false

Finance and Industrialization in Italy, 1894–1914

Published online by Cambridge University Press:  03 February 2011

Jon. S. Cohen
Affiliation:
Yale University

Extract

My thesis is a study of finance and industrialization in Italy between 1894 and 1914. Alexander Gerschenkron has argued that the years between 1896 and 1908 in Italy were the years of her “big spurt,” basing his analysis largely on an index of industrial production which he prepared for the period 1881-1913. In many cases the value of output was estimated by the value of inputs; in these instances, value added by industry was understated. In a number of instances the data problems were such that the estimates were very crude approximations of actual production. Nevertheless, when these indexes are combined with other available data on Italian industrial development, the years 1894-1914 stand out as the period during which the nation created her industrial base; only the expansion of the post-World War II years exceeded the growth rates achieved during this period.

Type
Notes
Copyright
Copyright © The Economic History Association 1966

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)