Exceptional Argentina Di Tella, Glaeser and Llach - Thomas Piketty

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Table A. 1 1870 1890 1900 1913 1918 1923 1928 1933 1938 1943 1948 1953 1958 1963 1968 1973 1978 1983 1988 1993 1998 2002 Austria 11 9 11 13 17 15 15 17 17 11 22 19 15 15 16 14 12 13 15 11 11 14 Belgium 5 4 6 7 9 7 6 7 9 12 13 12 14 14 14 10 10 8 10 9 10 10 Denmark 9 8 8 9 8 8 9 3 6 9 9 8 7 4 3 3 4 4 4 5 3 4 Finland 21 21 22 20 22 22 22 20 18 16 16 17 16 17 17 16 17 14 13 16 15 13 France 10 12 12 12 14 11 10 9 12 22 14 13 11 11 9 7 5 6 7 7 9 9 Germany 12 10 9 11 13 13 12 13 8 7 21 15 12 12 12 11 11 12 12 13 17 17 Italy 16 17 19 18 10 17 19 16 19 20 20 18 18 16 15 17 15 15 16 14 16 16 Netherlands 4 6 7 8 7 6 3 5 7 15 10 10 10 10 8 6 6 9 11 8 7 8 Norway 17 16 17 19 18 16 16 11 13 13 12 11 13 13 13 13 8 5 5 3 2 2 Sweden 15 15 14 15 15 14 14 10 10 8 8 9 8 5 4 5 7 7 6 12 13 12 Switzerland 8 7 5 6 6 4 2 1 3 6 1 2 1 1 1 1 2 2 2 2 4 6 United Kingdom 2 2 1 4 2 5 5 2 4 2 7 7 9 9 10 12 13 16 14 15 12 15 Ireland 13 16 18 21 18 21 19 18 21 22 22 21 23 21 21 19 18 14 3 Greece 27 24 26 27 23 25 24 23 37 33 33 29 27 23 21 20 19 21 23 23 23 Portugal 23 26 27 31 26 28 32 27 34 28 30 30 31 28 28 24 24 22 20 21 21 22 Spain 19 18 18 23 19 20 23 23 30 24 25 26 26 26 22 20 19 18 18 19 20 20 Australia 1 1 4 2 4 2 4 6 5 3 6 6 6 7 6 8 9 10 9 10 8 7 New Zealand 3 3 2 3 3 3 7 8 2 5 3 3 4 3 7 9 16 17 17 17 18 19 Canada 14 11 10 5 5 9 8 14 11 4 5 5 5 6 5 4 3 3 3 6 5 5 United States 6 5 3 1 1 1 1 4 1 1 2 1 2 2 2 2 1 1 1 1 1 1 Albania 44 34 37 44 50 48 47 46 45 45 47 45 45 51 48 47 Bulgaria 29 25 30 28 43 42 37 36 33 37 33 30 29 28 27 28 31 37 38 36 Czechoslovakia 20 19 20 22 21 20 22 22 19 22 20 19 20 22 23 23 23 28 27 25 Hungary 22 20 21 21 24 24 25 24 23 27 24 24 25 26 26 26 27 28 33 33 31 Poland 24 22 23 25 26 28 28 25 27 29 30 27 28 32 34 36 31 30 Romania 26 23 24 24 43 42 45 45 43 42 40 38 38 38 40 40 44 46 46 Yugoslavia 39 30 33 36 36 40 43 41 38 40 38 34 34 32 31 30 30 40 39 40 USSR 25 29 29 39 30 27 23 23 23 24 25 25 25 26 26 39 40 39 Argentina 18 13 13 10 11 10 11 12 15 10 11 16 17 18 19 19 22 24 27 25 25 27 Brazil 33 31 38 43 33 38 46 46 43 38 35 39 39 36 40 36 35 35 35 38 36 37 Chile 16 17 16 19 18 21 20 18 17 20 21 23 24 29 33 33 32 26 24 24 Colombia 32 32 23 32 36 29 31 27 29 31 34 35 36 39 40 38 37 35 37 38 Mexico 35 29 25 26 20 25 28 33 33 26 24 28 28 31 31 31 30 29 33 29 30 32
Peru 35 38 25 34 34 34 32 29 26 27 30 32 32 34 37 41 42 42 41 41 Uruguay 7 14 15 14 12 12 13 15 16 17 15 14 19 21 27 30 29 31 29 27 28 29 Venezuela 40 34 35 30 29 17 19 14 14 4 4 3 8 11 18 18 20 24 24 26 26 Costa Rica 27 30 31 29 31 28 32 32 33 33 33 34 36 38 34 35 34 Cuba 29 47 38 32 32 35 35 41 43 46 45 43 43 49 50 49 El Salvador 41 49 49 49 40 37 41 41 42 42 44 44 48 49 46 47 48 Guatemala 30 31 36 26 25 31 34 36 37 39 40 41 42 44 41 43 44 Honduras 33 35 40 48 42 40 44 46 47 48 49 49 51 50 50 51 51 Nicaragua 31 33 38 47 34 39 38 40 39 37 41 43 47 52 53 53 53 China 53 51 52 53 53 53 53 53 52 52 51 47 45 42 India 42 35 39 46 34 45 52 50 51 43 48 52 52 52 52 52 53 53 53 52 52 52 Indonesia 37 33 36 39 32 42 44 48 46 46 49 50 51 51 51 50 50 47 43 44 45 Japan 32 28 31 30 21 26 27 26 25 21 34 29 25 20 18 15 14 11 8 4 6 11 Philippines 31 37 24 37 32 37 43 46 43 45 46 47 48 46 48 48 49 50 South Korea 38 42 29 39 48 45 40 36 47 50 49 50 47 42 39 34 25 22 22 21 Thailand 34 32 41 51 50 51 51 49 49 48 46 44 41 32 34 33 Taiwan 41 45 31 40 45 44 42 41 44 47 45 43 41 35 32 25 22 20 19 18 Malaysia 36 40 28 35 38 35 39 30 41 42 44 44 44 43 42 39 39 30 29 28 Sri Lanka 28 27 28 33 27 37 41 41 44 39 42 45 48 48 50 50 51 49 46 45 42 43 Turkey 30 34 44 47 39 35 35 36 36 37 38 35 37 36 37 36 31 32 35
Page 1 and 2: Exceptional Argentina Di Tella, Gla
Page 3 and 4: A third explanation of Argentina’
Page 5 and 6: Maddison's "Western Offshoots" by l
Page 7 and 8: A final point on this mechanistic a
Page 9 and 10: GDP in 1900 at 12,100 (in constant
Page 11 and 12: nationalized railways and banks, to
Page 13 and 14: country interacted with initial con
Page 15 and 16: 1900. As there is an extremely stro
Page 17 and 18: Between the 1940s and 1970s income
Page 19 and 20: particularly in terms of food consu
Page 21 and 22: Even before the 2001 crisis, Argent
Page 23 and 24: Scandinavia and Northern Europe the
Page 25 and 26: Figure 4. A modified Human Developm
Page 27 and 28: Figure 6. Per capita GDP across Arg
Page 29 and 30: production 15 . Moreover, beyond st
Page 31 and 32: Figure 10. Average weight of export
Page 33 and 34: etween the prewar export-led growth
Page 35 and 36: which was wholly bound to local dem
Page 37 and 38: protectionism", certainly stronger
Page 39 and 40: agricultural pastures and cropland
Page 41 and 42: far. Argentina's differential popul
Page 43: Appendix Figure A. 1. Argentina's r
Page 47 and 48: Like the Llach paper, the Campante
Page 49 and 50: I. Introduction Both Buenos Aires a
Page 51 and 52: across the ocean. Over the course o
Page 53 and 54: Buenos Aires’ hinterland rose dra
Page 55 and 56: significantly greater education lev
Page 57 and 58: Why is there such a difference in l
Page 59 and 60: illion dollars today). Each Chicago
Page 61 and 62: Chicago also appears to have been a
Page 63 and 64: casualties. Roca secured the presid
Page 65 and 66: capital to St. Petersburg he was pr
Page 67 and 68: and the logarithm of per capita GDP
Page 69 and 70: Moreover, years of schooling today
Page 71 and 72: y its overwhelming political import
Page 73 and 74: 200 Figure 2a: Annual Wage Data 187
Page 75 and 76: Figure 3: Real Monthly Wages in Chi
Page 77 and 78: Log GDP per capita 2000 5 6 7 8 9 1
Page 79 and 80: Figure 7 Log GDP per capita 2000 7
Page 81 and 82: Table 2: Top 5 Industries in Chicag
Page 83 and 84: Table 4: 19th Century Variables and
Page 85 and 86: A simple calculation suggests that
Page 87 and 88: toy model with a minimum of paramet
Page 89 and 90: were lifted, but import taxes remai
Page 91 and 92: to compute that the MPK term above
Page 93 and 94: versus foreigners, on most occasion
Page 95 and 96:
X institutions policies income p
Page 97 and 98:
series variation. The coincidence o
Page 99 and 100:
Figure 1—The Great Divergence and
Page 101 and 102:
Figure 3—Trade taxes
Page 103 and 104:
Transition Remarks The previous ess
Page 105 and 106:
CHAPTER FOUR Argentine Trade Polici
Page 107 and 108:
Argentine comparative advantage lie
Page 109 and 110:
thousands of product lines in Argen
Page 111 and 112:
Japan). Third, the agricultural pro
Page 113 and 114:
different preferences over trade pr
Page 115 and 116:
two nomenclatures had to be manuall
Page 117 and 118:
esult, soybeans were finally adopte
Page 119 and 120:
Figure 1 Trade Openness Exports + I
Page 121 and 122:
Figure 5 Relative Sectoral Protecti
Page 123 and 124:
Figure 7 Average Export Taxes 0 10
Page 125 and 126:
Figure 9 Average Export Taxes at 2-
Page 127 and 128:
Figure 11 Evolution of Argentine Ag
Page 129 and 130:
Figure 13 Yields in Agriculture: Wh
Page 131 and 132:
Table 2 Livestock per Capita 1895 C
Page 133 and 134:
Table 5 Mean Share of Exports (Impo
Page 135 and 136:
Table 7 Tariff Statistics for perio
Page 137 and 138:
Table 9 Evolution of Industrial Pro
Page 139 and 140:
CHAPTER FIVE Path-Dependent Import-
Page 141 and 142:
actors, and they were demanding pro
Page 143 and 144:
the primary sector, using land and
Page 145 and 146:
Figure 1: The Long Run: Four Region
Page 147 and 148:
Finally, in the reversal of pattern
Page 149 and 150:
Figure 3: Medium Run Preferences ov
Page 151 and 152:
sector to give rise to a protection
Page 153 and 154:
technological improvements or incre
Page 155 and 156:
Argentina did relatively well when
Page 157 and 158:
World War, a second globalization e
Page 159 and 160:
Argentine primary sector and ensure
Page 161 and 162:
Clearly, world market conditions we
Page 163 and 164:
for the years to come. The most imp
Page 165 and 166:
governments zigzagged in their poli
Page 167 and 168:
public spending on infrastructure s
Page 169 and 170:
understand the rise of the urban-ru
Page 171 and 172:
To sum up, by the beginning of the
Page 173 and 174:
has a comparative advantage in the
Page 175 and 176:
L λ = m L K κ = m K That is, λ i
Page 177 and 178:
K c a = 1− α 1−α T A ( κ )
Page 179 and 180:
Given a set of parameters ϒ , φ a
Page 181 and 182:
consumption of good i. For any agen
Page 183 and 184:
Proposition 3 In the short run, pro
Page 185 and 186:
ρ 1/ 1 ρ ρ 1 ( ξ ξ ) 1 TT K ,
Page 187 and 188:
Up to 2008, the FPV government had
Page 189 and 190:
negative correlation between the pr
Page 191 and 192:
policies would, supposedly, eviscer
Page 193 and 194:
I. Introduction In a seminal study,
Page 195 and 196:
terms, Peronist beliefs in the 1990
Page 197 and 198:
Several authors have emphasized the
Page 199 and 200:
foreign capital and trade as the gl
Page 201 and 202:
of already available information. A
Page 203 and 204:
having the need to do more than wak
Page 205 and 206:
Argentines (who implement these pol
Page 207 and 208:
opinion about elements of capitalis
Page 209 and 210:
intense (the proportion is under 1.
Page 211 and 212:
involved in social ordering that wi
Page 213 and 214:
cost of the deviating firm, since w
Page 215 and 216:
Admissible Region Bounds on w b Nex
Page 217 and 218:
The previous proposition may be par
Page 219 and 220:
and note that Peron insists on the
Page 221 and 222:
Appendix 2: Definitions of Variable
Page 223 and 224:
Table II: The Beliefs of Peronists
Page 225 and 226:
Transition Remarks The previous cha
Page 227 and 228:
CHAPTER SEVEN A Short Episodic Hist
Page 229 and 230:
the income distribution between 193
Page 231 and 232:
empirical evidence and on existing
Page 233 and 234:
of commodities. The country was off
Page 235 and 236:
accounts increased by 8% between 19
Page 237 and 238:
Argentina in 1942 (4.1%) is not ver
Page 239 and 240:
This change in inequality is also r
Page 241 and 242:
1982, when Mexico’s default on it
Page 243 and 244:
1995. While growth bounced back qui
Page 245 and 246:
The main characteristics of this ep
Page 247 and 248:
skilled workers that more than offs
Page 249 and 250:
Household Expenditure Survey. An in
Page 251 and 252:
The relationship between internatio
Page 253 and 254:
machinery and equipment can acceler
Page 255 and 256:
occurred not only in production tec
Page 257 and 258:
a relative abundance of rents to sh
Page 259 and 260:
even when the number of well-off in
Page 261 and 262:
and similar patterns emerge when co
Page 263 and 264:
This chapter described the level an
Page 265 and 266:
Transition Remarks Economic success
Page 267 and 268:
CHAPTER EIGHT Why do Argentines tru
Page 269 and 270:
in the 1970s and 1980s. Despite the
Page 271 and 272:
Figure 5. Percentage of the populat
Page 273 and 274:
analysis of the Argentinean and Chi
Page 275 and 276:
observationally equivalent individu
Page 277 and 278:
the low rank policeman. 13 4. The C
Page 279 and 280:
Figure 7. Share of people having a
Page 281 and 282:
6. Why did the Argentinean Police d
Page 283 and 284:
instability, σ, a worried leader h
Page 285 and 286:
the deeper question of why the Arge
Page 287 and 288:
Table 2. Comparative facts for cano
Page 289 and 290:
of formal education, whereas in the
Page 291 and 292:
only bargaining tool to get money.
Page 293 and 294:
Table 6. Tierra del Fuego Subinspec
Page 295 and 296:
4. Police deaths during the 20th ce
Page 297 and 298:
Of course, these conclusions depend
Page 299 and 300:
“stop go” dynamics 4 ). In fact
Page 301 and 302:
income distribution and earnings gr
Page 303 and 304:
Figure 2. Basic Statistics Food Clo
Page 305 and 306:
Table 2 Dep. Var.: Share of food Sm
Page 307 and 308:
Figure 3. Variety in food retailing
Page 309 and 310:
Table 3 Dep. Var.: Share of food at
Page 311 and 312:
3.3 Income distribution effects The
Page 313 and 314:
Figure 6. Individual Effects Using
Page 315 and 316:
Expenditure Income 5000 6000 4000 4
Page 317 and 318:
Figure 10. Income distribution Dens
Page 319 and 320:
Appendix A: Estimation strategy Est
Page 321 and 322:
w ijt where [ ln( 1+ ∏ ) − ln(
Page 323 and 324:
2.2 Income distribution effects Fol
Page 325 and 326:
Appendix B: The data To run our est
Page 327 and 328:
Appendix C: Additional tables C1: B
Page 329 and 330:
C3: Table 3 coefficients Dummy for
Page 331 and 332:
CONCLUSION 20 th century Argentina
Page 333 and 334:
can be harbingers of worse things t
Page 335 and 336:
Ahumada, Hildegart, Alfredo Canaves
Page 337 and 338:
Barro, Robert J. 2005. “Rare Even
Page 339 and 340:
Burzaco, Eugenio et al. 2004. “Ma
Page 341 and 342:
Cortés Conde, Roberto and María M
Page 343 and 344:
Di Tella, Rafael, Juan Dubra and Ro
Page 345 and 346:
Gaggero, Horacio and Alicia Garro.
Page 347 and 348:
Gerchunoff, Pablo, Fernando Rocchi
Page 349 and 350:
James, Daniel. 1988. “October 17
Page 351 and 352:
Maddison, Angus. 2006. The World Ec
Page 353 and 354:
Piketty, T. 2003. “Income Inequal
Page 355 and 356:
Spiller, Pablo and Mariano Tommasi.
Page 357:
Williamson, Jeffrey G. 1995. “The
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Exceptional Argentina Di Tella, Glaeser and Llach - Thomas Piketty

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