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Apocalypse now, apocalypse when? Economic growth and structural breaks in Argentina (1886–2003)
journal contribution
posted on 2023-06-07, 07:56 authored by Nauro F Campos, Menelaos G Karanasos, Michail Karoglou, Panagiotis KoutroumpisPanagiotis Koutroumpis, Constantin Zopounidis, Apostolos ChristopoulosArgentina is the only country in the world that was developed in 1900 and developing in 2000. Although there is widespread consensus on the occurrence and uniqueness of this decline, an intense debate remains on its timing and underlying causes. This paper provides a first systematic investigation of the timing of the Argentine debacle. It uses an array of econometric tests for structural breaks and a range of GDP growth series covering 1886–2003. The main conclusion is the dating of two key structural breaks (in 1918 and 1948), which we argue support explanations for the debacle that highlight the slowdown of domestic financial development and trade protectionism (after 1918) and of institutional development (after 1948).
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Publication status
- Published
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- Accepted version
Journal
Economics of Transition and Institutional ChangeISSN
2577-6983Publisher
WileyExternal DOI
Issue
1Volume
30Page range
3-32Department affiliated with
- Accounting and Finance Publications
Notes
This is the peer reviewed version of the following article: Campos, Nauro F, Karanasos, Menelaos G, Karoglou, Michail, Koutroumpis, Panagiotis, Zopounidis, Constantin and Christopoulos, Apostolos (2022) Apocalypse now, apocalypse when? Economic growth and structural breaks in Argentina (1886–2003). Economics of Transition and Institutional Change, 30 (1). pp. 3-32. ISSN 2577-6983 which has been published in final form at https://doi.org/10.1111/ecot.12315. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Use of Self-Archived Versions. This article may not be enhanced, enriched or otherwise transformed into a derivative work, without express permission from Wiley or by statutory rights under applicable legislation. Copyright notices must not be removed, obscured or modified. The article must be linked to Wiley’s version of record on Wiley Online Library and any embedding, framing or otherwise making available the article or pages thereof by third parties from platforms, services and websites other than Wiley Online Library must be prohibited.Full text available
- No
Peer reviewed?
- Yes
Legacy Posted Date
2022-09-16First Open Access (FOA) Date
2022-09-20First Compliant Deposit (FCD) Date
2022-09-15Usage metrics
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