IDEAS home Printed from https://ideas.repec.org/p/cem/doctra/471.html

The welfare cost of Argentine risk

Author

Listed:
  • Jorge C. Ávila

Abstract

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.

Suggested Citation

  • Jorge C. Ávila, 2011. "The welfare cost of Argentine risk," CEMA Working Papers: Serie Documentos de Trabajo. 471, Universidad del CEMA.
    • Handle: RePEc:cem:doctra:471
    as

    Download full text from publisher

    File URL: https://www.ucema.edu.ar/publicaciones/download/documentos/471.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Jorge C. Ávila, 2010. "A country-risk approach to the business cycle. With an application to Argentina," CEMA Working Papers: Serie Documentos de Trabajo. 435, Universidad del CEMA.
    2. repec:ecr:col037:5434 is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jorge C. AVILA, 2019. "A plan for dollarizing Argentina," Turkish Economic Review, EconSciences Journals, vol. 6(3), pages 218-231, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jorge C. Avila, 2011. "Fiscal deficit, macro-uncertainty, and growth in Argentina," CEMA Working Papers: Serie Documentos de Trabajo. 456, Universidad del CEMA.

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    JEL classification:

    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cem:doctra:471. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Lucila Solla (email available below). General contact details of provider: https://edirc.repec.org/data/cemaaar.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.