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Structural change in Argentina, 1900-1973: the role of import substitution and factor endowments

Abstract:

This paper investigates structural change in Argentina between 1900 and 1973. It has been argued that trade policy under import-substituting industrialization disfavoured agriculture and led to a "technological lag" in the sector, and that this explains agriculture's relative decline during a period of rapid industrialization. I find that there is no technological lag to be found in the data and, moreover, that relative prices had no discernible effect on agricultural output. A three-by-th...

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Publication status:
Published

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Publisher:
University of Oxford
Series:
Department of Economics Discussion Paper Series
Publication date:
2009-05-01
Paper number:
437
Keywords:
Pubs id:
1143997
Local pid:
pubs:1143997
Deposit date:
2020-12-15

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