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Structural Change in Argentina, 1935–1960: The Role of Import Substitution and Factor Endowments.
- Source :
- Journal of Economic History; Mar2014, Vol. 74 Issue 1, p230-258, 29p
- Publication Year :
- 2014
-
Abstract
- This article investigates structural change in Argentina between 1935 and 1960, a period of rapid industrialization and of relative decline of the agricultural sector. We use a dynamic three-sector computable general equilibrium model of the period to analyze the effects of the policies of import-substituting industrialization (ISI), and changing factor endowments, on the structure of the economy. We find that the declining land-labor ratio was more important than ISI in explaining relative stagnation in agriculture. ISI gave a substantial boost to manufacturing, but primarily at the expense of non-traded services, rather than of agriculture. [ABSTRACT FROM PUBLISHER]
Details
- Language :
- English
- ISSN :
- 00220507
- Volume :
- 74
- Issue :
- 1
- Database :
- Complementary Index
- Journal :
- Journal of Economic History
- Publication Type :
- Academic Journal
- Accession number :
- 94891790
- Full Text :
- https://doi.org/10.1017/S0022050714000084