The Industrialization of South America Revisited: Evidence from Argentina, Brazil, Chile and Colombia, 1890-2010
Gerardo della Paolera (),
Xavier H. Duran Amorocho and
Aldo Musacchio ()
No 24345, NBER Working Papers from National Bureau of Economic Research, Inc
We use new manufacturing GDP time series to examine the industrialization in Argentina, Brazil, Chile, and Colombia since the early twentieth century. We uncover variation across countries and over time that the literature on industrialization had overlooked. Rather than providing a single explanation of how specific shocks or policies shaped the industrialization of the region, our argument is that the timing of the industrial take off was linked to initial conditions, while external shocks and macroeconomic and trade policy explain the variation in the rates of industrialization after the 1930s and favorable terms of trade and liberalization explain de-industrialization after 1990.
JEL-codes: N66 N86 O14 O24 O25 O4 O43 (search for similar items in EconPapers)
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