 The rise and fall of ArgentinaLatin American Economic Review, 2019, vol. 28, issue 1, 1-40 Abstract: Abstract I examine the contribution of institutional breakdowns to long-run development, drawing on Argentina’s unique departure from a rich country on the eve of World War I to an underdeveloped one today. The empirical strategy is based on building a counterfactual scenario to examine the path of Argentina’s long-run development in the absence of breakdowns, assuming it would follow the institutional trends in countries at parallel stages of development. Drawing on Argentina’s large historical bibliography, I have identified the institutional breakdowns and coded for the period 1850–2012. The synthetic control and difference-in-differences estimates here suggest that, in the absence of institutional breakdowns, Argentina would largely have avoided the decline and joined the ranks of rich countries with an income level similar to that of New Zealand. Keywords: Long-run development; New institutional economics; Political economy; Argentina; Applied econometrics (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:laecrv:v:28:y:2019:i:1:d:10.1186_s40503-019-0076-2 Ordering information: This journal article can be ordered from DOI: 10.1186/s40503-019-0076-2 Access Statistics for this article Latin American Economic Review is currently edited by Susan W. Parker, Kaniska Dam and Gonzalo Castañeda More articles in Latin American Economic Review from Springer, Centro de Investigaciòn y Docencia Económica (CIDE) |
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