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Title: The Argentina Paradox: Microexplanations and Macropuzzles

Author(s): Alan M. Taylor

Publication Date: March 2014

Keyword(s): divergence, finance, growth, institutions, Latin America, policies and trade

Programme Area(s): Economic History and International Macroeconomics

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.

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Bibliographic Reference

Taylor, A. 2014. 'The Argentina Paradox: Microexplanations and Macropuzzles'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=9876