Exceptional Argentina Di Tella, Glaeser and Llach - Thomas Piketty

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Figure 1: Population Growth of Chicago and Buenos Aires, 1800-2005 4000 3500 3000 Population (Thousands) 2500 2000 1500 Chicago Buenos Aires 1000 500 0 1800 1820 1840 1860 1880 1900 1920 1940 1960 1980 2000 Year Sources: Historical data for Chicago from One Hundred Years of Land Values in Chicago, by Homer Hoyt, and data for 1940-2005 from the U.S. Census. Historical data for Buenos Aires is from Anuario Estadístico de la Ciudad de Buenos Aires and Anuario Municipal, and data for 1950- 2005 from Poblacion de Buenos Aires.
200 Figure 2a: Annual Wage Data 1870 - 1913 (100=UK Real Wage in 1905) 180 160 140 120 US Index 100 80 UK 60 40 20 ARG ITA 0 1870 Year 1872 1874 1876 1878 1880 1882 1884 1886 1888 1890 1892 1894 1896 1898 1900 1902 1904 1906 1908 1910 Source: Jeffrey G. Williamson, "The Evolution of Global Labor Markets since 1830: Background Evidence and Hypotheses", 1912 350 Figure 2b: Annual Wage Data 1914 - 1945 (100=UK Real Wage in 1927) 300 250 200 Index 150 100 50 0 US UK ARG ITA 1914 1915 1916 1917 1918 1919 1920 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 Year 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 Source: Jeffrey G. Williamson, "The Evolution of Global Labor Markets since 1830: Background Evidence and Hypotheses",
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Exceptional Argentina Di Tella, Gla
Page 3 and 4:
A third explanation of Argentina’
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Maddison's "Western Offshoots" by l
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A final point on this mechanistic a
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GDP in 1900 at 12,100 (in constant
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nationalized railways and banks, to
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country interacted with initial con
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1900. As there is an extremely stro
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Between the 1940s and 1970s income
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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 and 44: Appendix Figure A. 1. Argentina's r
Page 45 and 46: Peru 35 38 25 34 34 34 32 29 26 27
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: y its overwhelming political import
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
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Figure 7 Average Export Taxes 0 10
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Figure 9 Average Export Taxes at 2-
Page 127 and 128:
Figure 11 Evolution of Argentine Ag
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Figure 13 Yields in Agriculture: Wh
Page 131 and 132:
Table 2 Livestock per Capita 1895 C
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Table 5 Mean Share of Exports (Impo
Page 135 and 136:
Table 7 Tariff Statistics for perio
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Table 9 Evolution of Industrial Pro
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CHAPTER FIVE Path-Dependent Import-
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actors, and they were demanding pro
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the primary sector, using land and
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Figure 1: The Long Run: Four Region
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Finally, in the reversal of pattern
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Figure 3: Medium Run Preferences ov
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sector to give rise to a protection
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technological improvements or incre
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Argentina did relatively well when
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World War, a second globalization e
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Argentine primary sector and ensure
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Clearly, world market conditions we
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for the years to come. The most imp
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governments zigzagged in their poli
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public spending on infrastructure s
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understand the rise of the urban-ru
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To sum up, by the beginning of the
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has a comparative advantage in the
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L λ = m L K κ = m K That is, λ i
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K c a = 1− α 1−α T A ( κ )
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Given a set of parameters ϒ , φ a
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consumption of good i. For any agen
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Proposition 3 In the short run, pro
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ρ 1/ 1 ρ ρ 1 ( ξ ξ ) 1 TT K ,
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Up to 2008, the FPV government had
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negative correlation between the pr
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policies would, supposedly, eviscer
Page 193 and 194:
I. Introduction In a seminal study,
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terms, Peronist beliefs in the 1990
Page 197 and 198:
Several authors have emphasized the
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foreign capital and trade as the gl
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of already available information. A
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having the need to do more than wak
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Argentines (who implement these pol
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opinion about elements of capitalis
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intense (the proportion is under 1.
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involved in social ordering that wi
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cost of the deviating firm, since w
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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
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CHAPTER SEVEN A Short Episodic Hist
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the income distribution between 193
Page 231 and 232:
empirical evidence and on existing
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of commodities. The country was off
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accounts increased by 8% between 19
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Argentina in 1942 (4.1%) is not ver
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This change in inequality is also r
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1982, when Mexico’s default on it
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1995. While growth bounced back qui
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The main characteristics of this ep
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skilled workers that more than offs
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Household Expenditure Survey. An in
Page 251 and 252:
The relationship between internatio
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machinery and equipment can acceler
Page 255 and 256:
occurred not only in production tec
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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
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in the 1970s and 1980s. Despite the
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Figure 5. Percentage of the populat
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analysis of the Argentinean and Chi
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observationally equivalent individu
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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
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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
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of formal education, whereas in the
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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
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“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
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Table 2 Dep. Var.: Share of food Sm
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Figure 3. Variety in food retailing
Page 309 and 310:
Table 3 Dep. Var.: Share of food at
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3.3 Income distribution effects The
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Figure 6. Individual Effects Using
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Expenditure Income 5000 6000 4000 4
Page 317 and 318:
Figure 10. Income distribution Dens
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Appendix A: Estimation strategy Est
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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
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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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