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Capital goods imports and investments in Latin America in the mid 1920s

Xavier Tafunell () and Albert Carreras
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Xavier Tafunell: https://www.upf.edu/web/econ/faculty/-/asset_publisher/6aWmmXf28uXT/persona/id/3418611

Economics Working Papers from Department of Economics and Business, Universitat Pompeu Fabra

Abstract: The assessment of Latin American long term economic performance is in urgent need of mobilizing more data to match the pressing demands of growth analysts. We present a systematic comparison of capital goods imports for 20 Latin American countries in 1925. It relies on both the foreign trade data of the importing countries and of the major exporting countries –the industrialized economies of the time. The quality of foreign trade figures is tested; an homogeneous estimate of capital goods imported is derived, and its per capita ranking is discussed providing new light on Latin American development levels before import substitution.

Keywords: Latin America; capital goods; imports; investment; foreign trade; economic development (search for similar items in EconPapers)
JEL-codes: N16 N66 N76 (search for similar items in EconPapers)
Date: 2005-06
New Economics Papers: this item is included in nep-his and nep-int
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