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Capital goods imports and investments in Latin America in the mid 1920s

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Abstract

The assessment of Latin American long term economic performance is in urgent need of mobilizing more data to match the pressing demands of growth analysts. We present a systematic comparison of capital goods imports for 20 Latin American countries in 1925. It relies on both the foreign trade data of the importing countries and of the major exporting countries –the industrialized economies of the time. The quality of foreign trade figures is tested; an homogeneous estimate of capital goods imported is derived, and its per capita ranking is discussed providing new light on Latin American development levels before import substitution.

Suggested Citation

  • Xavier Tafunell & Albert Carreras, 2005. "Capital goods imports and investments in Latin America in the mid 1920s," Economics Working Papers 873, Department of Economics and Business, Universitat Pompeu Fabra.
  • Handle: RePEc:upf:upfgen:873
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    Keywords

    Latin America; capital goods; imports; investment; foreign trade; economic development;

    JEL classification:

    • N16 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Latin America; Caribbean
    • N66 - Economic History - - Manufacturing and Construction - - - Latin America; Caribbean
    • N76 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - Latin America; Caribbean

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