O período de intenso crescimento econômico argentino de 1870 a 1930: uma discussão

The main objective of this article is to characterize and to identify the phases of the so-called Belle Epoque period, when the Argentinean economy experienced high growth with high volatility. Reviewing the literature, the starting up of this period is situated in the neighborhood of the late 70s and early 80s of the 19th century. Some authors put its end at the beginning of the First World War, in 1914, while others prefer to put it only at the beginning of the Great Depression, in 1929. The first demarcation date is known as the early decline hypothesis, while the latter is known as the late decline hypothesis. During this period the Argentinean economy did not exhibit a stable and self-sustained growth, but instead, experienced alternate sequences of years with high growth interrupted by severe downturns and followed by increasingly slower upturns, with a longer and longer duration to catch up the latest peak.