Institutional instability and growth in Argentina: a long-run view

Isabel Sanz Villarroya
Authors registered in the RePEc Author Service: Isabel Sanz-Villarroya () and Leandro Prados de la Escosura ()

IFCS - Working Papers in Economic History.WH from Universidad Carlos III de Madrid. Instituto Figuerola

Abstract: Argentina has slipped from being among the ten richest countries in the world by the eve of World War I to its current position close to developing countries. What did originate Argentina's economic retardation?. In this paper we employ a structural model to investigate the extent to which institutional instability, as captured by "Contract Intensive Money" (Clague, Keefer, Knack and Olson, 1999), conditioned capital accumulation and economic growth in Argentina and, consequently, the country's relative international position. Our results suggest that institutional instability played a major role in Argentina's unique historical experience of economic decline.

Date: 2004-12
New Economics Papers: this item is included in nep-pke
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://e-archivo.uc3m.es/rest/api/core/bitstreams ... 7d59ecd14311/content (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cte:whrepe:wh046705

Access Statistics for this paper

More papers in IFCS - Working Papers in Economic History.WH from Universidad Carlos III de Madrid. Instituto Figuerola
Bibliographic data for series maintained by Ana Poveda ().