Mostrar el registro sencillo del ítem
dc.contributor.author
Nicolini Llosa, Jose Luis
![Se ha confirmado la validez de este valor de autoridad por un usuario](/themes/CONICETDigital/images/authority_control/invisible.gif)
dc.date.available
2023-03-28T17:31:07Z
dc.date.issued
2011-03
dc.identifier.citation
Nicolini Llosa, Jose Luis; Dual Equilibrium and Growth Cycle in Argentina; Routledge Journals, Taylor & Francis Ltd; International Review of Applied Economics; 25; 2; 3-2011; 185-207
dc.identifier.issn
0269-2171
dc.identifier.uri
http://hdl.handle.net/11336/191885
dc.description.abstract
Argentina's GDP growth cycle, tracing the high exchange rate volatility in 1970-2008, is discussed. Growth depends on foreign exchange availability. The country's comparative advantage is in agriculture, but manufactured exports groaw faster. Two remarkably different PPP exchange rates coexist - one appropriate for agriculture and one for manufacturing - destabilising the market exchange rate. Thus, two unstable growth equilibria coexist generating GDP fluctuations. Currency devaluation sets the cycle's ceiling and the end of devaluation sets the cycle's floor. Chronic government deficits widen the cycle, harming institutions and decelerating growth. A land tax to finance rural investment would facilitate a high and stable exchange rate (AR$/US$) and convergence to the high growth equilibrium.
dc.format
application/pdf
dc.language.iso
eng
dc.publisher
Routledge Journals, Taylor & Francis Ltd
![Se ha confirmado la validez de este valor de autoridad por un usuario](/themes/CONICETDigital/images/authority_control/invisible.gif)
dc.rights
info:eu-repo/semantics/openAccess
dc.rights.uri
https://creativecommons.org/licenses/by-nc-sa/2.5/ar/
dc.subject
ARGENTINA
dc.subject
BALANCE OF PAYMENTS
dc.subject
BUSINESS CYCLE
dc.subject
DEVELOPMENT
dc.subject
DUAL EQUILIBRIUM
dc.subject
GROWTH
dc.subject.classification
Economía, Econometría
![Se ha confirmado la validez de este valor de autoridad por un usuario](/themes/CONICETDigital/images/authority_control/invisible.gif)
dc.subject.classification
Economía y Negocios
![Se ha confirmado la validez de este valor de autoridad por un usuario](/themes/CONICETDigital/images/authority_control/invisible.gif)
dc.subject.classification
CIENCIAS SOCIALES
![Se ha confirmado la validez de este valor de autoridad por un usuario](/themes/CONICETDigital/images/authority_control/invisible.gif)
dc.title
Dual Equilibrium and Growth Cycle in Argentina
dc.type
info:eu-repo/semantics/article
dc.type
info:ar-repo/semantics/artículo
dc.type
info:eu-repo/semantics/publishedVersion
dc.date.updated
2023-03-28T14:22:11Z
dc.identifier.eissn
1465-3486
dc.journal.volume
25
dc.journal.number
2
dc.journal.pagination
185-207
dc.journal.pais
Reino Unido
![Se ha confirmado la validez de este valor de autoridad por un usuario](/themes/CONICETDigital/images/authority_control/invisible.gif)
dc.journal.ciudad
Londres
dc.description.fil
Fil: Nicolini Llosa, Jose Luis. Universidad de Buenos Aires; Argentina. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina
dc.journal.title
International Review of Applied Economics
dc.relation.alternativeid
info:eu-repo/semantics/altIdentifier/doi/http://dx.doi.org/10.1080/02692171.2010.483462
Archivos asociados