When did Argentina Lose its Mojo? A Short Note on Economic Divergence

Sebastián Katz () and Eduardo Levy-Yeyati ()
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Sebastián Katz: Central Bank of Argentina
Eduardo Levy-Yeyati: Universidad Torcuato Di Tella

No 2024114, BCRA Working Paper Series from Central Bank of Argentina, Economic Research Department

Abstract: Based on long series of per capita GDPs, we characterize the economic divergence of Argentina in the 20th century relative to a group of countries with comparable initial income per capita. We find the divergence to be considerably longer than usually conjectured, with two marked tranches in the first half of the century and in the post war period, the latter being associated with GDP underperformance despite the relative decline in population. We identify specific dates for the inflection points, discuss the context in each case, and propose a potential explanation of the divergence together with a description of the highly volatile plateau displayed since the 1990s.

Keywords: divergencia económica; PIB per cápita; desempeño económico; Argentina; crecimiento económico; volatilidad económica; siglo XX (search for similar items in EconPapers)
JEL-codes: N10 N16 O40 O54 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2024-05
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