Human Capital, Trade Openess and Convergence: The Economic Growth Of Argentina in the XXth Century
This paper studies the determinants of long term growth in Argentina. We estimate a production function that accounts for the economic performance of the country in the 20th century. To evaluate Total Factor Productivity we initially test the classical Solow model. We then analyze the impact of additionnal variables recently highlighted in the endogenous growth literature such as convergence, the process of catch up of foreign technical progress, human capital and trade openess. We elaborate long term time series whereas most of the recent empirical studies are based on cross section analysis. This approach will allow us to follow the various regime changes that can be identified in the rich Argentine economic history.
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