Italian export capacity in the long run perspective (1861-2009): a tortuous path to keep the position

The paper focuses on the evolution of the capacity of Italian goods to reach international markets from the Unification (1861) up to now. In so doing we provide a wide range of new series on the topic. On one hand we present the general trends of macroeconomic data related to trade, on the other hand we provide the evolution of Italian foreign trade focusing, in particular, on the characteristics of export flows. The paper illustrates the Italian tortuous path to keep the position amongst the most advanced countries in spite of its peculiar specialisationItalian trade, Export capacity, Technological specialization, Economic growth, trade policies

The Italian Corporate Network, 1952-1983: New Evidence Using the Interlocking Directorates Technique

The paper explores the structure of the Italian corporate network by focusing on the relationships between financial - banks, insurances and holdings - and industrial firms in Italy during the period 1952-83 through the analysis of the interlocks that existed between them. By an interlock is meant the link created between two firms when an induvidual belongs to the board of directors of both. The analysis is based on a database - Imita.db - containing data on over 130,000 directors of Italian joint stock companies for the years 1952, 1960, 1972 and 1983. After showing a descriptive statistics of the companies and the directors included in the database, the paper develops a network connectivity analysis of the system. This is integrated by a prosopographic study about the big linkers, defined as those directors cumulating the highest number of offices in each benchmark year. The paper confirms that the Italian corporate network maintained substantial peculiarities in the period investigated. In particular, it argues that interlocks played an important role in guaranteeing the stability of the positions of control of the major private companies and their connections with State-owned enterprises. In 1952 and 1960, the system, centred on the larger electrical companies, showed the highest degree of cohesion. That centre dissolved after the nationalisation of the electricity industry in 1962 and was replaced by a less strong and cohesive one, hinged on banks, insurances and the major finance companies. At the beginning of the 1980s the centre appeared to have been further reshaped with the marginalisation of state-owned enterprises.Italy; Corporate Network; Interlocking directorates; Network Analysis; Big Linkers; Private and State-owned Enterprises

Was industrialization an escape from the commodity lottery? Evidence from Italy, 1861-1940

the specialization in exporting primary products is frequently deemed harmful for long-run development, because it increases volatility of terms of trade and thus the number and frequency of macroeconomic shocks. One would expect modern economic growth to solve the problem by changing the composition of trade. This paper tests this hypothesis with a new series of Italian terms of trade from 1861 to 1939, a period which spans the first stage of the industrialization of the country. The results do not tally with the hypothesis. The change in composition improved marginally the terms of trade, but it did not help much in terms of volatilityItalian trade, Terms of trade, Economic growth, Volatility

Boundaries and governance of Italian state-owned enterprise: a quantitative approach

For the most part of the last century the role of State owned enterprises was probably more pronounced, continuous and prolonged in Italy than elsewhere in the West. This was the response to the fact that Italian economic growth had long been penalized by structural frailties such as a narrow internal market, a shortage of capital, financial weakness and a decline of entrepreneurial initiative. Yet, the complexity of forms and organizations assumed by the State direct intervention in the economy (just to limit our analysis to the central level) reached heights of imagination and ingenuity in Italy that were probably unknown abroad: State companies, State monopolies, shareholding companies, State concerns and so on co-existed throughout the twentieth century. This helps to explaining why we do not yet have a precise and thorough measure of the weight of public enterprise on the entire economy, not to say of more specific data concerning their sectorial and/or regional distribution. Thus it has not been so far possible to identify precisely - at a micro level - the real dimension of Italian public enterprise, and hence assess a phenomenon whose actual magnitude remains unknown to us. The aim of our paper is to fill this gap by showing the basic features of the dimension, boundaries, structure, governance and location of Italian SOEs.Italy, State owned enterprise, size and structure, governance, economic history

Opening the black box of Entrepreneurship: the Italian case in a historical perspective

The main objective of this paper is to shed light on the Italian entrepreneurship between the beginning of the Second industrial revolution and the end of the XX century. It is based on a new dataset concerning the profiles of 386 entrepreneurs. The results are twofold: first, by proposing an empirical based-taxonomy of Italian entrepreneurs not exclusively based on intuitions and qualitative judgments, we provide valuable interpretative elements; second, we put forward some hypothesis about the relationship between entrepreneurship and Italian economic growth. In particular we perform a Cluster Analysis which singles out five different entrepreneurial typologies characterized by a widespread tendency to searching for new markets, yet a scarce attitude towards innovation. Further we suggest that the evolution of the institutional context slowed down the development of the entrepreneurial abilities and virtues necessary to grow.History of Entrepreneurship; Italian capitalism

Size, Structure, and Strategies: Insolvency and "The Nature of the Firm" in Italy, 1920S-1970S

During the Twentieth century, Italian joint-stock companies remained relatively small and tended to die young. This fact constrained the development of the full potential of the Italian industry, as small-dimensioned companies struggled to implement the most efficient technologies and managerial techniques. This paper analyses this problem by looking at the functioning of insolvency procedures. Using quantitative and qualitative evidence, we show how various devices that progressively appeared on the scene failed in providing efficient solutions to re-start worthy companies. Insolvency procedures thus remained liquidation-prone, a factor that contributes to explain the peculiarity and the limits of Italian industrial capitalism.

Italian Entrepreneurship: Conjectures and Evidence from a Historical Perspective

This paper is the first product of an ongoing research on the determinants and the role of entrepreneurship in Italian economic development. Its primary aim is the creation of a data-set of Italian entrepreneurs for the period encompassed between the Unification of the Kingdom (1861) and the end of the XXth century. The main source of the research is a collection of 390 entrepreneurial biographies, prepared for an ongoing Dictionary of Italian Entrepreneurs. The first part of the paper presents a descriptive analysis of the main peculiarities of the country’s entrepreneurship on the basis of a few standard variables traditionally used in economic analysis. The second one refines the descriptive approach through a methodology – Multiple Correspondence Analysis and Cluster Analysis – usual by now in standard statistics, yet not very familiar to scholars in economic and/or business history. This has allowed us to single out a few entrepreneurial typologies of the history of Italian capitalism which partly confirm the “traditional” features already emphasized by historiography; such as the prominence of northern entrepreneurs, the strong relations both with own and partner’s families, the almost total absence of female entrepreneurs and an essentially middle-class rooted entrepreneurship. However a few novel interesting aspects emerge, the most surprising being the good level of formal education of the sample: a neat majority (60%) has a medium/high degree and almost one third an university degree.Business history, Italian entrepreneurship, cluster analysis

The Human Development Index in Historical Perspective: Italy from Political Unification to the Present Day

The aim of this research is to provide a long run estimate of the Human Development Index (HDI) for Italy. To this purpose we have reconstructed Italian historical series relative to life expectancy, literacy rate, school enrolment rates and income. All the series presented are the result of a study which has produced, starting from primary sources, original series disaggregated to the regional level. The possibility of having, for Italy, a basis of comparison with the main developed countries has permitted us to show that, even though there has been significant progress in the values of the single variables, the country has not appreciably improved its position in the world ranking. This seems to be due, in large part, to the trend of the education variables that displays values decidedly distant from those of the main industrialized countries. As far as regional trends are concerned, we can observe a slow process of alignment of the values of the Southern regions to the values of the other Italian regions for levels of education and longevity, while income levels for the 1990s still remain quite distant.

Correction to: A "Silent Revolution": school reforms and Italy's educational gender gap in the Liberal Age (1861–1921)

A correction to this paper to make it open access has been published: https://doi.org/10.1007/s11698-021-00227-

Passive modernization? social indicators and human development in Italy's regions (1871-2009)

The article presents and discusses estimates of social and economic indicators for Italy and its regions in benchmark years roughly from Unification to the present day: life expectancy, education, gross domestic product (GDP) per capita at purchasing power parity, and the new Human Development Index (HDI). A broad interpretative hypothesis, based on the distinction between "active" and "passive" modernization, is proposed to account for the evolution of regional imbalances. In the lack of active modernization, Southern Italy converged thanks to passive modernization. However, this was more effective in life expectancy, less successful in education, expensive, and as a whole ineffective in GDP. As a consequence, convergence in the HDI occurred from the late nineteenth century to the 1970s, but came to a sudden halt in the last decades of the twentieth centur