Argentina's recovery and \"excess\" capital shallowing of the 1990s

Finn E. Kydland and Carlos Zarazaga

No 204, Working Papers from Federal Reserve Bank of Dallas

Abstract: The paper examines Argentina?s economic expansion in the 1990s through the lens of a parsimonious neoclassical growth model. The main finding is that investment remained considerably weaker than what the model would have predicted. The resulting excessive ?capital shallowing? could be identified as a weakness of the rapid economic growth of the 1990s that may have played a role in Argentina?s ultimate inability to escape the crisis that started to unfold towards the end of that decade.

Keywords: Argentina; depression; growth models (search for similar items in EconPapers)
JEL-codes: E32 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2002-09-30
New Economics Papers: this item is included in nep-dge and nep-his
Note: Published as: Kydland, Finn E. and Carlos E.J.M. Zarazaga (2002), "Argentina's Recovery and "Excess" Capital Shallowing of the 1990s," Estudios de Economia 29 (1): 35-45.
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Citations: View citations in EconPapers (2)

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Related works:
Journal Article: Argentina's recovery and excess capital shallowing of the 1990s (2002)
Working Paper: Argentina's recovery and "excess" capital shallowing of the 1990s (2002)
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