Italy’s Total Factor Productivity in a Global Economy: Growth and Spillover Effects (c. 1400–2010)

Due to a lack of historical data, there is gap in the literature with regard total factor productivity (TFP) series long run for Italy. In this article, by combing information from literature, original TFP estimates assessed “price dual” methodology (where changes prices are used capture physical output), and Cobb–Douglas production equation, we first introduce set new measures Italy between 1360 1770 as well various global regions c. 1400 2010. Second, resulting dataset allows us decompose spillover effects technology local run. We find that played non-significant part determining Italy’s decline 1600 1800. However, component grew faster during period 1890–2010 reached peaks phases declining (trend) growth, such two world wars starting second globalisation (1989–2010).