Hostname: page-component-cd9895bd7-dzt6s Total loading time: 0 Render date: 2024-12-25T14:44:59.516Z Has data issue: false hasContentIssue false
  • English
  • Français

Tres fases del crecimiento económico argentino

Published online by Cambridge University Press:  28 April 2010

Alan M. Taylor
Alan M. Taylor
Affiliation:
Northwestern University
Get access Rights & Permissions [Opens in a new window]

Abstract

Much of Argentina's decline in relative economic performance can be attributed to deleterious conditions for capital accumulation after 1913. In the first phase (pre–1913), the success of the Belle Epoque was due to spectacular rates of accumulation. In the second phase (1913–1930s), low domestic savings rates constrained the rate of capital accumulation. In the third phase (1930s–1950s) import–substitution policies were implemented and the relative price of key imported capital goods rose sharply. Retardation ensued: at first because of insufficient saving; later because price disincentives channeled funds away from investment activities which are the precursor of growth.

Resumen

El empeoramiento de los resultados económicos relativos de Argentina puede atribuirse, en gran parte, a las desfavorables condiciones existentes para la acumulación de capital a partir de 1913. En la primera fase (antes de 1913) el éxito de la Belle Époque se debió a las espectaculares tasas de acumulación. En la segunda fase (1913–década de 1930) la baja tasa nacional de ahorro limitó la tasa de acumulación de capital. En la tercera fase (década de 1930–década de 1950) se adoptó una política de sustitución de las importaciones y el precio relativo de los bienes de capital importados que eran clave experimentó una brusca subida. Ahí comenzó el retraso: al principio, debido a que el ahorro era insuficiente ahorro y, más tarde, a que los altos precios de los bienes de capital importados redujeron los incentivos para realizar actividades de inversión que son las precursoras del crecimiento.

Type
Artículos
Information
Revista de Historia Economica - Journal of Iberian and Latin American Economic History , Volume 12 , Issue 3: Nuevos enfoques en la historia económica de españa y américa latina , December 1994 , pp. 649 - 683
Copyright
Copyright © Instituto Figuerola de Historia y Ciencias Sociales, Universidad Carlos III de Madrid 1994

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

BIBLIOGRÁFIA

Abreu, M. d. P. (1984): «Argentina y Brazil during the 1930s: The Impact of British and American International Economic Policies», en Thorp, R. (ed.), Latin America in the 1930s: The Role of the Periphery in World Crisis, Nueva York, St. Martin's Press.Google Scholar
Baldwin, R. E. (1956): «Patterns of Development in Newly Settled Regions», Manches–terSchool, 24, p. 161–79.CrossRefGoogle Scholar
Bambrick, S. (1970): «Australia's Long-Run Terms of Trade», Economic Development and Cultural Change, 19, pp. 1–5.CrossRefGoogle Scholar
Brander, J. A., y Dowrick, S. (1993): «The Role of Fertility and Population in Economic Growth: Empirical Results from Aggregate Cross-National Data», University of British Columbia, enero, mimeo.Google Scholar
Bulmer-Thomas, V. (1994): «The Latin American Economies in the 1930s», en Bet-hell, L. (comp.), The Cambridge History of Latin America, Cambridge, Cambridge University Press, vol. 6.Google Scholar
Bunge, A. E., y García Mata, C. (1931): «Argentina», en Willcox, W. F. (comp.), International Migrations, Nueva York, National Bureau of Economic Research, 2 vols., vol. 2.Google Scholar
Butlin, N. G. (1962): Australian Domestic Product, Investment and Foreign Borrowing 1861–1938/39, Cambridge, Cambridge University Press.Google Scholar
Campa, J. M. (1990): «Exchange Rates and Economic Recovery in the 1930s: An Extension to Latin America», Journal of Economic History, 50, pp. 677–82.Google Scholar
Cardoso, E., y Fishlow, A. (1992): «Latin American Development: 1950–1980», en Donghi, T. Halperin (ed.), The Colonial and Post-colonial Experience: Five Centuries of Spanish and Portuguese America, Journal of Latin American Studies, Quincentenary Supplement Cambridge, Cambridge University Press.Google Scholar
Cavallo, D., y Mundlak, Y. (1982): «Agriculture and Economic Growth in an Openonomy: The Case of Argentina», Research Report no. 36, International Food Policy Research Institute, diciembre.Google Scholar
Cortés Conde, R. (1992): «Export Led Growth in Latin America: 1870–1930», en Donghi, T. Halperin (comp.), The Colonial and Post-colonial Experience: Five Centuries of Spanish and Portuguese America, Journal of Latin American Studies, Quincentenary Supplement Cambridge, Cambridge University Press, 1992.Google Scholar
Cortés Conde, R. (1979): El progreso argentino, Buenos Aires, Editorial Sudamericana.Google Scholar
Denoon, D. (1983): Settler Capitalism: The Dynamics of Dependent Development in the Southern Hemisphere, Oxford, Oxford University Press.Google Scholar
Díaz-Alejandro, C. F. (1970): Essays on the Economic History of the Argentine Republic, New Haven, Conn., Yale University Press.Google Scholar
Díaz-Alejandro, C. F. (1984a): «The 1940s in Latin America», en Syrquin, M., Taylor, L. y Westphal, L. E. (comps.), Economic Structure and Performance: Essays in Honor of Hollis B. Chenery, Orlando. Academic Press.Google Scholar
Díaz-Alejandro, C. F. (1984b): «Latin America in the 1930s», en Thorp, R. (ed.), Latin America in the 1930s: The Role of the Periphery in World Crisis, Nueva York, St. Martin's Press.Google Scholar
Díaz-Alejandro, C. F. (1985): «Argentina, Australia and Brazil Before 1929», en Telia, G. D. y Platt, D. C. M. (eds.), Argentina, Australia and Canada: Studies in Comparative Development, 1870–1965, Londres, Macmillan.Google Scholar
Díaz-Alejandro, C. F. (1988): «No Less Than One Hundred Years of Argentine Economic Histo ry Plus Some Comparisons», en Velasco, A. (ed.), Trade. Development and the World Economy: Selected Essays of Carlos F. Díaz-Alejandro, Oxford, Basil Blackwell.Google Scholar
Dowrick, S., y Nguyen, D.-T. (1989): «OECD Comparative Economic Growth 1950–85: Catch-Up and Convergence», American Economic Review, 79, pp. 1010–30.Google Scholar
Duncan, T., y Fogarty, J. (1984): Argentina and Australia: On Parallel Paths, Carlton, Vic, Melbourne University Press.Google Scholar
Edelstein, M. (1981): «Foreign Investment and Empire 1860–1914», en Floud, R. y McCloskey, D. (comps.), The Economic History of Britain Since 1700, 2 vols., Cambridge, Cambridge University Press, vol. 2.Google Scholar
Edelstein, M. (1982): Overseas Investment in the Age of High Imperialism, Nueva York, Columbia University Press.Google Scholar
Fogarty, J., Gallo, E. y Diéguez, H. (1977): «Argentina y Australia», Serie Verde, Jornadas n° 201, Instituto Torcuato Di Tella, Buenos Aires.Google Scholar
Gerardi, R. E. (1985): «Australia, Argentina and World Capitalism: A Comparative Analysis 1830–1945», Transnational Corporations Research Project, Occasional Papers no. 8, Faculty of Economics, University of Sydney, mayo.Google Scholar
Hall, A. R. (comp.) (1968): The Export of Capital from Britain 1870–1914, Londres, Methuen.Google Scholar
Homer, S., y Sylla, R. E. (1991): A History of Interest Rates, New Brunswick, Rutgers University Press, 3a ed.Google Scholar
IEERAL (Instituto de Estudios Económicos sobre la Realidad Argentina y Latinoamericana) (1986): «Estadísticas de la Evolución Económica de Argentina 1913–1984», Estudios, 9, julio/septiembre, pp. 103–184.Google Scholar
Jones, C. I. (1992): «Economic Growth and the Relative Price of Capital», MIT, febrero, (mimeo).Google Scholar
Kindleberger, C. P. (1986): The World in Depression, 1929–1939, Berkeley, University of California Press.Google Scholar
Korol, J. C. (1991): «Argentine Development in a Comparative Perspective», Latin American Research Review, 26, verano, pp. 201–12.Google Scholar
De Long, J. B. (1992), «Productivity Growth and Machinery Investment: A Long-Run Look», journal of Economic History, 52, pp. 307–24.CrossRefGoogle Scholar
De Long, J. B. y Summers, L. H. (1991): «Equipment Investment and Economic Growth», Quar terly Journal of Economics, 106, pp. 445–502.CrossRefGoogle Scholar
Maddison, A. (1985): Two Crises: Latin America and Asia 1929–38 and 1973–83, París, OCDE.Google Scholar
Maddison, A. (1989): The World Economy in the 20th Century, París, OCDE.Google Scholar
Mclean, I. W. (1990): «Notes on Growth in Resource-Rich Economies», Harvard University, marzo (mimeo).Google Scholar
Mclean, I. W. (1991): «Saving in Settler Economies: Australian and North American Compari sons», University of Adelaide (mimeo).Google Scholar
Mitchell, B. R. (1980): European Historial Statistics, 1750–1975, Nueva York, Facts on File, 2a ed.Google Scholar
Mitchell, B. R. (1983): International Historical Statistics: The Americas and Australasia, Detroit, Gale Research.Google Scholar
Nurkse, R. (1954): «International Investment To-day in the Light of Nineteenth-Century Experience», Economic Journal, 64, pp. 744–58.Google Scholar
Della Paolera, G. (1988): «How the Argentine Economy Performed During the International Gold Standard: A Reexamination», tesis doctoral, University of Chicago, diciembre.Google Scholar
Peters, H. E. (1934): The Foreign Deht of The Argentine Republic, Baltimore, The Johns Hopkins Press.Google Scholar
Phelps, V. L. (1938): The International Economic Position of Argentina, Filadelfia, University of Pennsylvania Press.Google Scholar
Prebisch, R. (1984): «Five Stages in My Thinking on Development», en Meier, G. M. y Seers, D. (eds.), Pioneers in Development, Nueva York, Oxford University Press.Google Scholar
Prebisch, R. (1986): «Argentine Economic Policies Since the 1930s: Recollections», en Tella, G D. y Platt, D. C. M. (eds.), The Political Economy of Argentina 1880–1946, Nueva York, St. Martin's Press.Google Scholar
Schedvin, C. B. (1990): «Staples and Regions of Pax Britannica», Economic History Review, 20, pp. 533–59.Google Scholar
Summers, R. y Heston, A. (1991): «The Penn World Table (Mark 5): An Expanded Set of International Comparisons, 1950–1988», Quarterly Journal of Economics, 106, pp. 327–68.Google Scholar
Taylor, A. M. (1992): «External Dependence, Demographic Burdens and Argentine Economic Decline After the Belle Epoque», Journal of Economic History, 52, pp. 907–36.Google Scholar
Taylor, A. M. (1994): «Mass Migration to Distant Southern Shores», en Hatton, T. J. y Williamson, J. G. (eds.), Migration and the International Labor Market, 1850–1941, Londres, Routledge.Google Scholar
Taylor, A. M. y Williamson, J. G. (1994): «Capital Flows to the New World as an Intergenerational Transfer», Journal of Political Economy, 102, abril, pp. 348–71.Google Scholar
Di Tella, G., y Platt, D. C. M. (1985): Argentina, Australia and Canada: Studies in Comparative Development, 1870–1965, Londres, Macmillan, 1985.Google Scholar
Di Tella, G., y Zymelman, M. (1967): Las etapas del desarrollo económico argentino, Buenos Aires, Editorial Universitaria de Buenos Aires.Google Scholar
Di Tella, G., y Zymelman, M. (1973): Los ciclos económicos argentinos, Buenos Aires, Editorial Paidós.Google Scholar
Thorp, R. (1992): «A Reappraisal of the Origins of Import-Substituting Industrialisation: 1930–1950», en Donghi, T. Halperín (comp.), The Colonial and Post-colonial Experience: Five Centuries of Spanish and Portuguese America, journal of Latin American Studies, Quincentenary Supplement Cambridge, Cambridge University Press, 1992.Google Scholar
Tornquist, E. & Co., Limited (1919): The Economic Development of the Argentine Republic in the Last Fifty Years, Buenos Aires, Ernesto Tornquist & Co., Limited.Google Scholar
Williamson, J. G. (1979): «Inequality, Accumulation, and Technological Imbalance: A Growth–Equity Conflict in Economic History?», Economic Development and Cultural Change, 27, pp. 231–54.Google Scholar
Williamson, J. G. (1991): «The Evolution of Global Labor Markets in the First and Second World Since 1830: Background Evidence and Hypotheses», Harvard Institute of Economic Research, Discussion Paper Series no. 1571, Harvard University, octubre.Google Scholar
Williamson, J. G. y Lindert, P. H. (1980): American Inequality: A Macroeconomic History, Nueva York, Academic Press.Google Scholar
Traducción de Esther Rabasco y Luis Toharia.Google Scholar