Federal Reserve Bank of Dallas
Argentina's recovery and "excess" capital shallowing of the 1990s
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.
Cite this item
Finn E. Kydland & Carlos E. Zarazaga, Argentina's recovery and "excess" capital shallowing of the 1990s, Federal Reserve Bank of Dallas, Working Papers 0204, 30 Sep 2002.
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.
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
Keywords: Argentina; depression; growth model
This item with handle RePEc:fip:feddwp:0204
is also listed on EconPapers
For corrections, contact Amy Chapman ()