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On the accuracy of export growth in Argentina, 1870-1913

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  • Willebald Remedios, Henry Francisco
  • Tena Junguito, Antonio

Abstract

Argentine 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

Suggested Citation

  • Willebald Remedios, Henry Francisco & Tena Junguito, Antonio, 2013. "On the accuracy of export growth in Argentina, 1870-1913," IFCS - Working Papers in Economic History.WH wp13-03, Universidad Carlos III de Madrid. Instituto Figuerola.
  • Handle: RePEc:cte:whrepe:wp13-03
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    References listed on IDEAS

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    1. Federico, Giovanni & Tena, Antonio, 1991. "On the accuracy of foreign trade statistics (1909-1935): Morgenstern revisited," Explorations in Economic History, Elsevier, vol. 28(3), pages 259-273, July.
    2. Carreras-Marín, Anna & Badia-Miró, Marc, 2008. "La fiabilidad de la asignación geográfica en las estadísticas de comercio exterior: América Latina y el Caribe (1908–1930)," Revista de Historia Económica, Cambridge University Press, vol. 26(03), pages 355-373, January.
    3. David Hummels & Alexandre Skiba, 2004. "Shipping the Good Apples Out? An Empirical Confirmation of the Alchian-Allen Conjecture," Journal of Political Economy, University of Chicago Press, vol. 112(6), pages 1384-1402, December.
    4. Mohammed, Saif I. Shah & Williamson, Jeffrey G., 2004. "Freight rates and productivity gains in British tramp shipping 1869-1950," Explorations in Economic History, Elsevier, vol. 41(2), pages 172-203, April.
    5. 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.
    6. Taylor, Alan M., 1992. "External Dependence, Demographic Burdens, and Argentine Economic Decline After the Belle Époque," The Journal of Economic History, Cambridge University Press, vol. 52(04), pages 907-936, December.
    7. Williamson, Jeffrey G., 2002. "Land, Labor, And Globalization In The Third World, 1870 1940," The Journal of Economic History, Cambridge University Press, vol. 62(01), pages 55-85, March.
    8. Roberto Cortes Conde, 1994. "Estimaciones del Producto Bruto Interno de Argentina, 1875-1935," Working Papers 3, Universidad de San Andres, Departamento de Economia, revised Oct 1994.
    9. Borcherding, Thomas E & Silberberg, Eugene, 1978. "Shipping the Good Apples Out: The Alchian and Allen Theorem Reconsidered," Journal of Political Economy, University of Chicago Press, vol. 86(1), pages 131-138, February.
    10. Newland, Carlos & Poulson, Barry, 1998. "Purely Animal: Pastoral Production and Early Argentine Economic Growth 1825-1865," Explorations in Economic History, Elsevier, vol. 35(3), pages 325-345, July.
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    Cited by:

    1. Vicente Pinilla & Agustina Rayes, 2017. "Why did Argentina become a super-exporter of agricultural and food products during the Belle Époque (1880-1929)?," Working Papers 0107, European Historical Economics Society (EHES).
    2. James Harrigan & Ariell Reshef & Farid Toubal, 2016. "The March of the Techies: Technology, Trade, and Job Polarization in France, 1994-2007," NBER Working Papers 22110, National Bureau of Economic Research, Inc.
    3. Michel Fouquin & Jules Hugot, 2016. "Two Centuries of Bilateral Trade and Gravity Data: 1827-2014," Working Papers 2016-14, CEPII research center.

    More about this item

    Keywords

    Latin America;

    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

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