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 language | English |
---|---|
Pages (from-to) | 230-258 |
Number of pages | 29 |
Journal | JOURNAL OF ECONOMIC HISTORY |
Volume | 74 |
Issue number | 1 |
Early online date | 24 Feb 2014 |
DOIs | |
Publication status | Published - Mar 2014 |
Keywords
- BALANCED GROWTH
- ECONOMY