1,720,962 research outputs found

    Finance and Development in Italy, 1870-1913

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    This paper analyses the impact of different sources of financing (foreign capital, migrants’ remittances, and domestic banks intermediation) on Italy’s economic development between 1861 and the World War I. Existing literature has analysed the role of these channels of financial intermediation separately, while this paper for the first time considers them in conjunction. Using IRF from a Cholesky identification structure of a VAR model and relying on an original dataset that combines the most recent series of several financial and economic aggregates, this paper shows that investment in Italy was fuelled by a plurality of sources of funding. A crucial role was played by national saving mobilized by domestic banks and also remittances had a significant impact. Our evidence is instead weaker for foreign capital

    L'economia italiana in età liberale. Una raccolta di saggi di cliometria

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    Negli ultimi anni la cliometria si è affermata come il paradigma metodologico dominante nella storia economica. Questa disciplina utilizza gli strumenti teorici e le tecniche di analisi quantitativa propri dell’economia per indagare quei fenomeni a cui gli storici economici tradizionali avevano tentato di rispondere attraverso indagini qualitativo-descrittive e l’analisi delle fonti. Il presente volume presenta tre saggi dedicati ad altrettanti aspetti della storia economica dell’Italia liberale, un tema sul quale Stefano Fenoaltea, il fondatore della cliometria italiana, ha profuso tanti dei suoi sforzi di ricerca. Il primo analizza, usando l’analisi di cointegrazione e i test di causalità di Granger applicati alle serie storiche più recenti, la relazione tra commercio estero e crescita economica in Italia nel lungo periodo. Nel secondo viene investigato, usando un modello autoregressivo vettoriale (VAR), il legame tra capitale estero, mobilizzazione del risparmio nazionale, rimesse degli emigrati e sviluppo economico dell’Italia tra l’Unità nazionale e la Prima guerra mondiale. Infine, il terzo presenta una rassegna della storiografia cliometrica sulle tematiche di genere nell’Italia liberale

    Finance and Economic Development in Italy, 1870-1913

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    This paper analyses the impact of different sources of financing (foreign capital, migrants’ remittances, and domestic banks intermediation) on Italy’s economic development between 1861 and the World War I. Existing literature has analysed the role of these channels of financial intermediation separately, while this paper for the first time considers them in conjunction. Using IRF from a Cholesky identification structure of a VAR model and relying on an original dataset that combines the most recent series of several financial and economic aggregates, this paper shows that investment in Italy was fueled by a plurality of sources of funding. A crucial role was played by national saving mobilized by domestic banks and also remittances had a significant impact. Our evidence is instead weaker for foreign capital

    Introduzione

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    Questo capitolo introduttivo posiziona il volume nel panorama degli studi di cliometria in Itali

    Finanza e sviluppo economico in Italia, 1870-1913

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    Questo capitolo analizza il legame tra finanza e sviluppo economico dell’Italia tra l’Unità nazionale e la prima guerra mondiale. Gli studi sia di economia che di storia economica che analizzano il legame tra settore bancario e sviluppo economico si focalizzano o sul ruolo delle istituzioni finanziarie nazionali o su quello dei movimenti internazionali di capitale. Ad essi si è aggiunto di recente un filone di ricerca che si concentra sul ruolo delle rimesse degli emigrati nel sostenere l’accumulazione di capitale e la crescita economica. Tuttavia, pochissimi lavori hanno cercato di connettere tra loro tutte queste componenti e di misurarne l’importanza relativa. Grazie alla disponibilità di serie storiche ragionevolmente lunghe, si fa uso di un modello autoregressivo vettoriale (VAR) che esprime ogni variabile economica e finanziaria come funzione lineare dei propri valori passati, considerando i valori di tutte le altre variabili. I risultati suggeriscono che gli investimenti sono stati alimentati da una pluralità di fonti di finanziamento – capitale estero, risparmio nazionale, rimesse degli emigrati – in contrasto con quanto comunemente sostenuto in letteratura, che ha posto l’accento ora su una e ora su un’altra di esse. L’implicazione di questa scoperta è che l’Italia a quel tempo era probabilmente un paese meno arretrato di quanto comunemente ritenuto. Va rimarcato l’impatto rilevante delle rimesse sul finanziamento degli investimenti nel periodo esaminato. Questo risultato è originale e sottolinea un punto largamente trascurato dalla letteratura

    Does War Make States? Military Spending and the Italian State building, 1861-1945

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    We present empirical evidence on the relationship between military spending and the expansion of other governmental budgetary heading and tax revenues from the Unification of Italy (1861) up to the end of World War II. Mainly in the years preceding 1922, investments in education and social transfers to families moves together with the defense spending. That is, positive changes in defense implies both an increase in education and in transfers. Moreover, transfers also have a compensatory role during recessive phases. Positive changes in defence do not crowd out the investment in capital spending, while disinvestments in defense are associated with an increase in the investment in capital. The pro-cyclical behavior of the tax revenues is compatible with a debt financing dynamic of many government expenditures. Although our analytic narrative is not universally valid, it can support the persistent centrality of external war in the discontinuous development and expansion of the Italian central State, with some exceptions explained by the historical experience

    Going Beyond Counting First Authors in Author Co-citation Analysis

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    The present study examines one of the fundamental aspects of author co-citation analysis (ACA) - the way co-citation counts are defined. Co-citation counting provides the data on which all subsequent statistical analyses and mappings are based, and we compare ACA results based on two different types of co-citation counting - the traditional type that only counts the first one among a cited work's authors on the one hand and a non-traditional type that takes into account the first 5 authors of a cited work on the other hand. Results indicate that the picture produced through this non-traditional author co-citation counting contains more coherent author groups and is therefore considerably clearer. However, this picture represents fewer specialties in the research field being studied than that produced through the traditional first-author co-citation counting when the same number of top-ranked authors is selected and analyzed. Reasons for these effects are discussed

    Variations on the Author

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    “Variations on the Author” discusses two of Eduardo Coutinho’s recent films (Um Dia na Vida, from 2010, and Últimas Conversas, posthumously released in 2015) and their contribution to the general question of documentary authorship. The director’s filmography is characterized by a consistent yet self-effacing form of authorial self-inscription: Coutinho often features as an interviewer that rather than express opinions propels discourses; an interviewer that is good at listening. This mode of self-inscription characterizes him as an author who is not expressive but who is nonetheless markedly present on the screen. In Um Dia na Vida, however, Coutinho is completely absent form the image, while Últimas Conversas, on the contrary, includes a confessional prologue that moves the director from the margins to the center of his films. This article examines the ways in which these works stand out in the filmography of a director who offers new insights into the notion of cinematic authorship

    Appropriate Similarity Measures for Author Cocitation Analysis

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    We provide a number of new insights into the methodological discussion about author cocitation analysis. We first argue that the use of the Pearson correlation for measuring the similarity between authors’ cocitation profiles is not very satisfactory. We then discuss what kind of similarity measures may be used as an alternative to the Pearson correlation. We consider three similarity measures in particular. One is the well-known cosine. The other two similarity measures have not been used before in the bibliometric literature. Finally, we show by means of an example that our findings have a high practical relevance.information science;Pearson correlation;cosine;similarity measure;author cocitation analysis
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