The Measurement of Production: Lessons from the Engineering Industry in Italy, 1911

Abstract

This paper presents the second-generation estimates for the Italian engineering industry in 1911, a year documented both by the customary demographic census, and the first industrial census. The first part of this paper uses the census data to estimate the industry’s value added, sector by sector; the second further disaggregates each sector by activity, and estimates the value added, employment, physical product, and metal consumption of each one. A third, concluding section dwells on the dependence of cross-section estimates on time-series evidence. Three appendices detail the specific algorithms that generate the present estimates; a fourth, a useful sample of firm-specific data.

Citation

Fenoaltea, S. (2016), "The Measurement of Production: Lessons from the Engineering Industry in Italy, 1911", Research in Economic History (Research in Economic History, Vol. 32), Emerald Group Publishing Limited, Leeds, pp. 73-145. https://doi.org/10.1108/S0363-326820160000032002