Growth constraints and external vulnerability in Argentina

Catelén, Ana Laura (2020). Growth constraints and external vulnerability in Argentina. (Tesis de Maestría), Universidad Carlos III de Madrid.

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Resumen/Abstract

This paper describes the balance-of-payments dominance as a growth constraint to the Argentinian economy and briefly characterizes the unbalanced productive structure of the country as its main cause. Also, understanding that under this constraint domestic economic cycles depend on external shocks, auto-regressive vectors are used to characterize the short-run impact of these shocks on GDP, trade balance, and real wages. Results confirm that there is a bottleneck in the trade balance that blocks future growth possibilities, that GDP and wages are highly sensitive to variations in the terms of trade, that the increase in external debt does not produce economic growth or improvements in the purchasing power of the population, and that there is a vicious dynamic between capital flight and foreign debt. At the same time, there is evidence of the increase in external vulnerability since the change in the accumulation model in the 1970s.

Tipo de Documento: Tesis (Maestría)
Autores:
Otros Responsables:
  • Nicolini, Esteban [Director de Tesis]
Páginas: 47
Institución: Universidad Carlos III de Madrid. Escuela de Postgrado en Economía y Ciencia Política
Carrera de Posgrado: Master in Economic Development and Growth
Fechas:
  • Terminado: 2020
Palabras Clave: Crecimiento Económico, Balanza de Pagos, Vulnerabilidad Externa
Alcance Geográfico: Argentina
Alcance Temporal: 1930-2018
Filiación: Facultad de Cs. Económicas y Sociales > Centro de Inv. Económicas y Sociales > Grupo Análisis Industrial
Google Scholar: Ver citas en Google Académico
URI: http://nulan.mdp.edu.ar/id/eprint/3471
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