Working Paper
Argentina's capital gap puzzle
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;
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Bibliographic Information
Provider: Federal Reserve Bank of Dallas
Part of Series: Center for Latin America Working Papers
Publication Date: 2004
Number: 0504