Introduction

Henning Schwardt
Additional contact information
Henning Schwardt: Institute for Institutional and Innovation Economics (iino) University of Bremen

Chapter 1 in Institutions, Technology, and Circular and Cumulative Causation in Economics, 2013, pp 1-9 from Palgrave Macmillan

Abstract: Abstract In this work, we present an evolutionary-institutional model of the economic development process, and an analysis of the Argentine economy and its development dynamic since 1946. The focus of the formulation is on integrating institutions and technology and allowing for complex feedback processes among influencing factors, in patterns of circular and cumulative causation. Argentina has shown a very interesting development dynamic — from an analytical perspective; for the affected, painful has often been more appropriate. The country was seen to be on the verge of joining the most developed economies a few times during the twentieth century, but its development process was regularly interrupted, leading to periods during which it lost ground relative to more developed as well as some developing economies, and at times even in absolute terms. This was particularly puzzling as Argentine society and economy have abundant access to the factors that had long been seen as the crucial ingredients for a successful economic development. Focusing on institutional framework and technological capacity for understanding a development trajectory, we can stress some aspects that are often neglected and thus offer some additional insights here.

Keywords: Foreign Direct Investment; Development Trajectory; Economic Sphere; Technological Capacity; Cumulative Causation (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:pal:palchp:978-1-137-33388-9_1

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137333889

DOI: 10.1057/9781137333889_1

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().