An Annual Chain Index of Italy's "Real" Product, 1861-1989.
The construction and application of a Paasche annual chain index to the Italian GDP figures between 1861 and 1989 is the subject of this article. Comparison with product at constant prices shows, except for war periods, a revaluation of GDP in favor of the annual chain index of around 0.10 percent. The most striking differences are concentrated into periods of marked changes in relative prices and the new index modifies the temporal pattern of the growth trend by accentuating, without altering the periodization, cyclical fluctuations. Copyright 1996 by The International Association for Research in Income and Wealth.
Year of publication: |
1996
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Authors: | Fua, Giorgio ; Gallegati, Mauro |
Published in: |
Review of Income and Wealth. - International Association for Research in Income and Wealth - IARIW. - Vol. 42.1996, 2, p. 207-24
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Publisher: |
International Association for Research in Income and Wealth - IARIW |
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