Tafunell, Xavier (Departamento de Economía y Empresa, Universitat Pompeu Fabra) Carreras, Albert (Departamento de Economía y Empresa, Universitat Pompeu Fabra)
Abstract
We study the levels of economic development achieved by every independent Latin American and Caribbean country in 1913 and 1925 from a new regional perspective. We focus on the imports and the domestic production –equivalent to apparent consumption- of capital goods. The first contribution is to establish the reliability of the foreign trade statistics. The second is to estimate the size of the capital goods acquired by the twenty republics. We also is to estimate domestic output. The new empirical evidence shows the huge differences existing within the region in per capita expenditure by 1913, when the first globalization wave was coming to an end. The comparison between 1913 and 1925 levels makes clear that, generally speaking, First World War and its immediate aftermath did favor capital goods import substitution all over the region, but quite unevenly.// En este artículo estudiamos el desarrollo económico alcanzado por la totalidad de los Estados latinoamericanos y caribeños soberanos en 1913 y 1925 desde una perspectiva inédita en el estudio del conjunto de la región: las importaciones y la producción –que sumadas equivalen al consumo aparente– de bienes de capital. Asegurada la fiabilidad de las estadísticas del comercio exterior, procedemos a reconstruir las magnitudes de los bienes de capital adquiridos por las 20 repúblicas. También estimamos la producción interna. La nueva evidencia empírica pone de manifiesto las enormes diferencias existentes en el seno de la región en el consumo per cápita de bienes de capital al término de la primera oleada globalizadora. La comparación entre los niveles de 1913 y 1925 revela que, en general, la contienda mundial no favoreció el proceso de sustitución de importaciones de la región, pero no en todos los países por igual.
Download Info
To our knowledge, this item is not available for
download. To find whether it is available, there are three
options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page
whether it is in fact available.
3. Perform a search for a similarly titled item that would be
available.
Order Information: Postal: Order print issues with Irma Barron at Fondo de Cultura Económica, El Trimestre Económico, Carretera Picacho Ajusco 227, 6° piso,Col. Bosques del Pedregal, CP 14738, Tlalpan, Distrito Federal, México Email: Web: http://www.eltrimestreeconomico.com/
For technical questions regarding this item, or to correct its listing, contact: (Karla López).
Find related papers by JEL classification: F02 - International Economics - - General - - - International Economic Order; Noneconomic International Organizations;; Economic Integration and Globalization: General N16 - Economic History - - Macroeconomics and Monetary Economics; Growth and Fluctuations - - - Latin America; Caribbean N76 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - Latin America; Caribbean O14 - Economic Development, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
Did you know? You can import bibliographic info in various formats into you bibliographic tool, or just into your word processor. See under "publisher info" on each abstract page.