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CLAE Working Papers
Working papers from the Federal
Reserve Bank of Dallas are preliminary drafts circulated
for professional comment.
2005 | 2004
| 2003
| 2002 | 2001
| 1999
2002 Working Papers
0102 (Economic Research Working
Paper 0204)
Argentina's
Recovery and "Excess" Capital Shallowing of
the 1990s [PDF]
Finn E. Kydland and Carlos E. J. M. Zarazaga
The paper examines Argentina’s
economic expansion in the 1990s through the lens of
a parsimonious neoclassical growth model. The main finding
is that investment remained considerably weaker than
what the model would have predicted. The resulting excessive
"capital shallowing" could be identified as
a weakness of the rapid economic growth of the 1990s
that may have played a role in Argentina’s ultimate
inability to escape the crisis that started to unfold
towards the end of that decade. |
