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Federal Reserve Bank of Dallas
Working Papers
Argentina's lost decade
Finn E. Kydland
Carlos E. Zarazaga
Abstract

Argentina suffered a depression in the 1980s that was as severe as the Great Depression experienced in the United States and Germany in the interwar period. Our paper examines this depression from the perspective of growth theory, taking total factor productivity as exogenous. The predictions of the growth model conform rather well with the observations during the ”lost decade” years.


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Finn E. Kydland & Carlos E. Zarazaga, Argentina's lost decade, Federal Reserve Bank of Dallas, Working Papers 0107, 01 Aug 2001.
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Note: Published as: Kydland, Finn E. and Carlos E.J.M. Zarazaga (2002), "Argentina's Lost Decade," Review of Economic Dynamics 5 (1): 152-165.
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Keywords: Argentina; depression; growth model
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