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Firm creation, productivity growth and structural change as responses to a change in macroeconomic policy. Evidence for Argentina

Author

Listed:
  • Katz, Jorge

    (INTELIS – Universidad de Chile)

  • Bernat, Gonzalo

    (Universidad de Buenos Aires)

Abstract

In this paper, we study how different industries responded to the contraction and subsequent expansion of economic activities that resulted from the country abandoning the currency board regime, i.e. the micro and structural response to a major change in macroeconomic policy regime. The main research results indicate that a combination of less macroeconomic turbulence, a higher real exchange rate and the expansion of domestic demand brought about the concretion of investment projects, partially associated to the birth of (more competitive) firms, although only within low tech sectors and in a few (medium) high tech activities.

Suggested Citation

  • Katz, Jorge & Bernat, Gonzalo, 2011. "Firm creation, productivity growth and structural change as responses to a change in macroeconomic policy. Evidence for Argentina," Revista de Economía Política de Buenos Aires, Universidad de Buenos Aires. Facultad de Ciencias Económicas., issue 9-10, pages 9-39, December.
    • Handle: RePEc:ake:repba1:y:2011:i:9-10:p:9-39
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    Cited by:

    1. Niembro, Andrés & Calá, Carla Daniela, 2023. "Cambio estructural regional en Argentina: conceptualización y medición a nivel de áreas económicas locales (1996-2019)," Nülan. Deposited Documents 4051, Universidad Nacional de Mar del Plata, Facultad de Ciencias Económicas y Sociales, Centro de Documentación.

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