Recovery From Depression: Australia In An Argentine Mirror 1895-1913
The recovery from the 1890s depression in Australia was prolonged, and economic growth from 1895 to 1913 was below that in the comparable settler economies of Argentina and Canada. Why? Australia's hesitant initial recovery is typically attributed to the imbalances in the economy resulting from the preceding boom, and its further delay to severe drought. Drawing on Argentine experience, it is suggested that additional factors need to be considered. Unlike Argentina, the unwillingness or inability of Australian governments to reschedule foreign debt or devalue the exchange rate exacerbated the slump. And the era of low-cost pioneer farming ended earlier than in Argentina (or Canada). Copyright 2006 The Authors; Journal compilation Blackwell Publishing Asia Pty Ltd and the Economic History Society of Australia and New Zealand 2006.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 46 (2006)
Issue (Month): 3 (November)
|Contact details of provider:|| Web page: http://www.blackwellpublishing.com/journal.asp?ref=0004-8992|
More information through EDIRC
|Order Information:||Web: http://www.blackwellpublishing.com/subs.asp?ref=0004-8992|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Taylor, Alan M., 1998.
"Argentina and the world capital market: saving, investment, and international capital mobility in the twentieth century,"
Journal of Development Economics,
Elsevier, vol. 57(1), pages 147-184, October.
- Alan M. Taylor, 1997. "Argentina and the World Capital Market: Saving, Investment, and International Capital Mobility in the Twentieth Century," NBER Working Papers 6302, National Bureau of Economic Research, Inc.
- Eichengreen, Barry, 1990.
"Historical Research on International Lending and Debt,"
Department of Economics, Working Paper Series
qt39n6n9ns, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Barry Eichengreen, 1991. "Historical Research on International Lending and Debt," Journal of Economic Perspectives, American Economic Association, vol. 5(2), pages 149-169, Spring.
- Barry Eichengreen., 1990. "Historical Research on International Lending and Debt," Economics Working Papers 90-153, University of California at Berkeley.
- Williamson Jeffrey G., 1995.
"The Evolution of Global Labor Markets since 1830: Background Evidence and Hypotheses,"
Explorations in Economic History,
Elsevier, vol. 32(2), pages 141-196, April.
- Jeffrey G. Williamson, 1992. "The Evolution of Global Labor Markets Since 1830 Background Evidence and Hypotheses," NBER Historical Working Papers 0036, National Bureau of Economic Research, Inc.
- Fishlow, Albert, 1987.
"Lessons of the 1890s for the 1980s,"
Department of Economics, Working Paper Series
qt1g7324hr, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Gerardo della Paolera & Alan M. Taylor, 2001. "Straining at the Anchor: The Argentine Currency Board and the Search for Macroeconomic Stability, 1880-1935," NBER Books, National Bureau of Economic Research, Inc, number paol01-1, September.
- Peter H. Lindert & Peter J. Morton, 1989.
"How Sovereign Debt Has Worked,"
in: Developing Country Debt and the World Economy, pages 225-236
National Bureau of Economic Research, Inc.
- Ronald Findlay, 1995. "Factor Proportions, Trade, and Growth," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262061759, December.
- Eichengreen, Barry & Sachs, Jeffrey, 1985.
"Exchange Rates and Economic Recovery in the 1930s,"
The Journal of Economic History,
Cambridge University Press, vol. 45(04), pages 925-946, December.
- M C. Urquhart, 1986. "New Estimates of Gross National Product, Canada, 1870-1926: Some Implications for Canadian Development," NBER Chapters, in: Long-Term Factors in American Economic Growth, pages 9-94 National Bureau of Economic Research, Inc.
- A. G. Ford, 1956. "Argentina And The Baring Crisis Of 1890," Oxford Economic Papers, Oxford University Press, vol. 8(2), pages 127-160.
- Alan M. Taylor, 2000.
"Peopling the Pampa: On the Impact of Mass Migration to the River Plate, 1870-1914,"
NBER Historical Working Papers
0068, National Bureau of Economic Research, Inc.
- Taylor, Alan M., 1997. "Peopling the Pampa: On the Impact of Mass Migration to the River Plate, 1870-1914," Explorations in Economic History, Elsevier, vol. 34(1), pages 100-132, January.
- BARRY EICHENGREEN & IAN W. McLEAN, 1994.
"The supply of gold under the pre-1914 gold standard,"
Economic History Review,
Economic History Society, vol. 47(2), pages 288-309, 05.
- Barry Eichengreen & Ian W. McLean, 1991. "The Supply of Gold Under the Pre-1914 Gold Standard," School of Economics Working Papers 1991-03, University of Adelaide, School of Economics.
- Valentine, T. J., 1987. "The causes of the depression in Australia," Explorations in Economic History, Elsevier, vol. 24(1), pages 43-62, January.
- Fishlow, Albert, 1985. "Lessons from the past: capital markets during the 19th century and the interwar period," International Organization, Cambridge University Press, vol. 39(03), pages 383-439, June.
When requesting a correction, please mention this item's handle: RePEc:bla:ozechr:v:46:y:2006:i:3:p:215-241. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing)or (Christopher F. Baum)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.