Showing 1 - 10 of 1,126
This paper provides evidence on the unit root hypothesis and long-term growth by allowing for two structural breaks. We reject the unit root hypothesis for three-quarters of the countries approximately 50% more rejections than in models that allow for only one break. While about half of the...
Persistent link: https://www.econbiz.de/10012472411
This work explores how Argentina overcame the Great Depression and asks whether active macroeconomic interventions made …-standard orthodoxy after the final suspension of convertibility in 1929. As elsewhere, fiscal policy in Argentina was conservative, and …
Persistent link: https://www.econbiz.de/10012471138
The long-run economic performance of Argentina since World War One has been relatively disappointing until recently … deepening industrializing economy such as" Argentina's. Yet the promise of this trend was unfulfilled: first the outbreak of …
Persistent link: https://www.econbiz.de/10012472576
The paper reviews the Argentine debt experience in the past ten years. The emphasis is on the interaction between relative prices, financial instability, budget .deficits, inflation and debt accumulation. A longer run perspective shows that the continuing fiscal problems have stood in the way of...
Persistent link: https://www.econbiz.de/10012476690
The future looked bright for Argentina in the early twentieth century. It had already achieved high levels of income … per capita and was moving away from authoritarian government towards a more open democracy. Unfortunately, Argentina never …
Persistent link: https://www.econbiz.de/10012463440
Argentina's policy of devaluation with redenomination in 2002, in contrast to Mexico's policy of devaluation without debt … redenomination in 1994-1995, shows that devaluation benefited tradables firms, and that dollar debt redenomination in Argentina … investment by high energy users in Argentina, and that benefit was apparent also in positive stock returns of those firms …
Persistent link: https://www.econbiz.de/10012466017
We use more than one century of Argentine and Mexican data to estimate the structural parameters of a small-open-economy real-business-cycle model driven by nonstationary productivity shocks. We find that the RBC model does a poor job at explaining business cycles in emerging countries. We then...
Persistent link: https://www.econbiz.de/10012466032
This paper uses the natural experiment of Argentina's integration into world markets in the late-nineteenth century to …
Persistent link: https://www.econbiz.de/10012458449
Argentina was the second largest destination country during the Age of Mass Migration, receiving nearly six million … mobility in Argentina and immigration contributed positively to the process of economic development. We then turn our focus to … the selection patterns of Italian migrants to Argentina--the largest migratory group to this destination. Our analysis of …
Persistent link: https://www.econbiz.de/10014322835
This paper asks whether increasing productivity in the electricity sector can yield larger long-run GDP gains than suggested by electricity's small share of aggregate economic activity. We answer this question using a dynamic multi-sector model in which electricity is a strong complement to...
Persistent link: https://www.econbiz.de/10014468241