Argentina's capital gap puzzle

Finn Kydland and Carlos Zarazaga

No 504, Center for Latin America Working Papers from Federal Reserve Bank of Dallas

Abstract: Argentinas GDP per working age person in 2003 was about the same as it was twenty years earlier and around fifteen percent below trend. By international standards that has been a dismal performance whose ultimate sources are important to uncover to eventually reverse that countrys seemingly secular decline. The purpose of this paper is precisely to take a first step towards that understanding. To that effect, we examine Argentinas recent growth experience, which includes two deep recessions and a recovery, with the lens of a neoclassical growth model that takes total factor productivity as exogenous.

Keywords: Argentina (search for similar items in EconPapers)
Date: 2004
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://fraser.stlouisfed.org/title/7140/item/646665 Full text

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:fip:feddcl:0504

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in Center for Latin America Working Papers from Federal Reserve Bank of Dallas Contact information at EDIRC.
Bibliographic data for series maintained by Amy Chapman ().