Structural Change in Argentina, 1935-1960: The Role of Import Substitution and Factor Endowments

Dario Debowicz*, Paul Segal

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

8 Citations (Scopus)

Abstract

This article investigates structural change in Argentina between 1935 and 1960, a period of rapid industrialization and of relative decline of the agricultural sector. We use a dynamic three-sector computable general equilibrium model of the period to analyze the effects of the policies of import-substituting industrialization (ISI), and changing factor endowments, on the structure of the economy. We find that the declining land-labor ratio was more important than ISI in explaining relative stagnation in agriculture. ISI gave a substantial boost to manufacturing, but primarily at the expense of non-traded services, rather than of agriculture.

Original languageEnglish
Pages (from-to)230-258
Number of pages29
JournalJOURNAL OF ECONOMIC HISTORY
Volume74
Issue number1
Early online date24 Feb 2014
DOIs
Publication statusPublished - Mar 2014

Keywords

  • BALANCED GROWTH
  • ECONOMY

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