On the accuracy of export growth in Argentina, 1870-1913
AbstractArgentine export growth before the First World War is considered one of the most relevant variables in order to understand the main characteristics of Argentina’s long-run modern economic growth properly. The lack of accuracy of the official export series, especially the relative official values used, lies behind some of the controversies and doubts of the historiography when addressing the causes and consequences of Argentina’s international convergence. We have used empirical evidence to test the accuracy of quantities and value exports records, first, according to their import partners’ records and, second, according to international market prices. Results show that the hypothesis of export price undervaluation bias is correct. In the light of these results we reconstructed a new Argentine export f.o.b. values and price index using international prices valued in pounds sterling which allows us to offer a new proposal indicating a more dynamic Argentine export growth during the Belle Époque years
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Bibliographic InfoPaper provided by Universidad Carlos III, Departamento de Historia Económica e Instituciones in its series Working Papers in Economic History with number wp13-03.
Date of creation: May 2013
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Latin America; First Globalization; Argentina; Exports Growth; Accuracy Exports;
Find related papers by JEL classification:
- F14 - International Economics - - Trade - - - Empirical Studies of Trade
- N76 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - Latin America; Caribbean
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-05-24 (All new papers)
- NEP-HIS-2013-05-24 (Business, Economic & Financial History)
- NEP-LAM-2013-05-24 (Central & South America)
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