Working Paper: CEPR ID: DP9876
Authors: Alan M. Taylor
Abstract: The economic history of Argentina presents one of the most dramatic examples of divergence in the modern era. What happened and why? This paper reviews the wide range of competing explanations in the literature and argues that, setting aside deeper social and political determinants, the various economic mechanisms in play defy the idea of a monocausal explanation.
Keywords: divergence; finance; growth; institutions; latin america; policies; trade
JEL Codes: F43; N16; O11; O54; O57; P52
Edges that are evidenced by causal inference methods are in orange, and the rest are in light blue.
| Cause | Effect |
|---|---|
| trade policy frictions (F13) | GDP (E20) |
| capital scarcity (D24) | income levels (J31) |
| trade policy frictions, capital scarcity (O24) | income levels (J31) |