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Trade, Structural Transformation and Development: Evidence from Argentina 1869-1914 / Pablo Fajgelbaum, Stephen J. Redding.
- Format:
- Book
- Author/Creator:
- Fajgelbaum, Pablo.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w20217.
- NBER working paper series no. w20217
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- External Integration, Structural Transformation and Economic Development
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2014.
- Summary:
- We provide new theory and evidence on the role of external and internal integration in structural transformation and economic development using Argentina's integration into the world economy in the late-19th century. Our theoretical model provides microfoundations for a spatial Balassa-Samuelson effect, in which locations closer to world markets have higher population densities, urban population shares, relative prices of non-traded goods, and land prices relative to wages, and specialize in transport-cost-sensitive traded goods. We estimate the model's parameters, provide evidence in support of this spatial Balassa-Samuelson mechanism, and find substantial effects of both external and internal integration on economic development.
- Notes:
- Print version record
- June 2014.
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