The welfare cost of Argentine risk
In this paper we do a couple of things: discussing a way to measure the welfare cost of country risk, and measuring it for Argentina in the period 1875-2006. There are two conclusions: a) the welfare cost of Argentine risk has been huge: for example, in the period 1976-2006 it was around 20% of GDP, several times larger than the welfare cost of any conventional distortion; b) this cost would be wholly paid by labor. These fascinating results deserve further investigation.
|Date of creation:||Dec 2011|
|Date of revision:|
|Contact details of provider:|| Postal: Av. Córdoba 374, (C1054AAP) Capital Federal|
Phone: (5411) 6314-3000
Fax: (5411) 4314-1654
Web page: http://www.cema.edu.ar/publicaciones/doc_trabajo.html
More information through EDIRC
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.:
- Coremberg, Ariel Alberto & Goldszier, Patricia & Heymann, Daniel & Ramos, Adrián, 2007. "Patrones de la inversión y el ahorro en la Argentina," Macroeconomía del Desarrollo 63, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
When requesting a correction, please mention this item's handle: RePEc:cem:doctra:471. 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: (Valeria Dowding)
If references are entirely missing, you can add them using this form.