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

Working Paper n.911 - Luglio 2024

Giovanni Federico

New York University, Abu Dhabi

Andrea Incerpi

DEPS, USiena

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

Keywords

Italy, current account, post-Unification

Jel Codes

N13, N73