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THE WELFARE COST OF ARGENTINE RISK.
- Source :
-
Documentos de Trabajo . sep2011, Issue 461-472, preceding p1-15. 16p. 2 Charts, 2 Graphs. - Publication Year :
- 2011
-
Abstract
- In this paper we do a couple of things: discussing a way to measure the welfare cost of country risk, and measuring it for Argentina in the period 1875-2006. There are two conclusions: a) the welfare cost of Argentine risk has been huge: for example, in the period 1976-2006 it was around 20% of GDP, several times larger than the welfare cost of any conventional distortion; b) this cost would be wholly paid by labor. These fascinating results deserve further investigation. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 16684575
- Issue :
- 461-472
- Database :
- Academic Search Index
- Journal :
- Documentos de Trabajo
- Publication Type :
- Report
- Accession number :
- 78854570