Apocalypse now, apocalypse when? Economic growth and structural breaks in Argentina (1886–2003)

Nauro F. Campos; Menelaos G. Karanasos; Michail Karoglou; Panagiotis Koutroumpis; Constantin Zopounidis; Apostolos Christopoulos

doi:10.1111/ecot.12315

Apocalypse now, apocalypse when? Economic growth and structural breaks in Argentina (1886–2003)

Nauro F. Campos, Menelaos G. Karanasos, Michail Karoglou, Panagiotis Koutroumpis, Constantin Zopounidis, Apostolos Christopoulos

Research output: Contribution to journal › Article › peer-review

Abstract

Argentina 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).

Original language	English
Pages (from-to)	3-32
Number of pages	30
Journal	Economics of Transition and Institutional Change
Volume	30
Issue number	1
Early online date	27 Oct 2021
DOIs	https://doi.org/10.1111/ecot.12315
Publication status	Published - Jan 2022

Bibliographical note

This is the peer reviewed version of the following article: Campos, N. F., Karanasos, M. G., Karoglou, M., Koutroumpis, P., Zopounidis, C., & Christopoulos, A. (2021). Apocalypse now, apocalypse when? Economic growth and structural breaks in Argentina (1886–2003). Economics of Transition and Institutional Change, 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 self-archiving.

Keywords

Argentina
economic growth
structural breaks

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10.1111/ecot.12315

Apocalypse Now, Apocalypse When
This is the peer reviewed version of the following article: Campos, N. F., Karanasos, M. G., Karoglou, M., Koutroumpis, P., Zopounidis, C., & Christopoulos, A. (2021). Apocalypse now, apocalypse when? Economic growth and structural breaks in Argentina (1886–2003). Economics of Transition and Institutional Change, 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 self-archiving.
Accepted author manuscript, 1.76 MB

Cite this

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abstract = "Argentina 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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Apocalypse now, apocalypse when? Economic growth and structural breaks in Argentina (1886–2003)

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Keywords

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