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Three Phases of Argentine Economic Growth / Alan M. Taylor.
- Format:
- Book
- Author/Creator:
- Taylor, Alan M.
- Series:
- Historical Working Paper Series (National Bureau of Economic Research) no. h0060.
- NBER historical working paper series no. h0060
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1994.
- Summary:
- Much of Argentina's decline in relative economic performance can be attributed to deleterious conditions for capital accumulation after 1913. In the first phase (pre-1913), the success of the Belle ?poque was due to spectacular rates of accumulation. In the second phase (1913-1930s), low domestic savings rates constrained the rate of capital accumulation. In the third phase (1930s-1950s), import- substitution policies were implemented and the relative price of key imported capital goods rose sharply. Retardation ensued: at first because of insufficient saving; later because price disincentives channeled funds away from investment activities which are the precursor of growth.
- Notes:
- Print version record
- October 1994.
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