Cyclical crisis of capitalist development in the periphery. A reading from Argentina
- Autores
- Féliz, Mariano; Chena, Pablo
- Año de publicación
- 2005
- Idioma
- inglés
- Tipo de recurso
- documento de conferencia
- Estado
- versión publicada
- Descripción
- Explaining the recurrence of crisis in Argentina under the form of balance of payment difficulties requires an answer to the question of why the real exchange rate does not tend to correct the external imbalances as should happen according to the neoclassical explanation. That is, why does the real exchange rate tend to move, systematically, towards values that make the result of the current account of the balance of payments unsustainable? In synthesis, why does the real exchange rate in Argentina tends to over-value in relation to the 'needs' of the balance of payments, if over-valuation expresses the impossibility of equilibrating it? In this article we will show that it is Argentina's economic structure that generates this behavior. We will do so by combining three tools of analysis: the concept of 'des-equilibrated productive structure'; a model of 'structural' real exchange rate determination; and the effects of existence of rent from natural resources (typical of semi-industrialized Latin-American economies). With these ideas in mind we will show how structural forces act in the short- and long-run, emphasizing the fact that the effects of devaluation in peripheric economies are of a different qualitative nature as those in developed (center) economies. We will end our presentation with a few reflections on the contradictions and policy decisions that this economic structures pose
Fil: Féliz, Mariano. Universidad Nacional de La Plata. Facultad de Humanidades y Ciencias de la Educación. Instituto de Investigaciones en Humanidades y Ciencias Sociales (UNLP-CONICET); Argentina.
Fil: Chena, Pablo. Universidad Nacional de La Plata. Facultad de Humanidades y Ciencias de la Educación. Instituto de Investigaciones en Humanidades y Ciencias Sociales (UNLP-CONICET); Argentina. - Fuente
- 10th LACEA; Paris, Francia, 27-29 de octubre de 2005
- Materia
- Economía
- Nivel de accesibilidad
- acceso abierto
- Condiciones de uso
- https://creativecommons.org/licenses/by-nc-nd/4.0/
- Repositorio
- Institución
- Universidad Nacional de La Plata. Facultad de Humanidades y Ciencias de la Educación
- OAI Identificador
- oai:memoria.fahce.unlp.edu.ar:snrd:Jev10578
Ver los metadatos del registro completo
id |
MemAca_7da1064ae074452771a9567a10810adf |
---|---|
oai_identifier_str |
oai:memoria.fahce.unlp.edu.ar:snrd:Jev10578 |
network_acronym_str |
MemAca |
repository_id_str |
1341 |
network_name_str |
Memoria Académica (UNLP-FAHCE) |
spelling |
Cyclical crisis of capitalist development in the periphery. A reading from ArgentinaFéliz, MarianoChena, PabloEconomíaExplaining the recurrence of crisis in Argentina under the form of balance of payment difficulties requires an answer to the question of why the real exchange rate does not tend to correct the external imbalances as should happen according to the neoclassical explanation. That is, why does the real exchange rate tend to move, systematically, towards values that make the result of the current account of the balance of payments unsustainable? In synthesis, why does the real exchange rate in Argentina tends to over-value in relation to the 'needs' of the balance of payments, if over-valuation expresses the impossibility of equilibrating it? In this article we will show that it is Argentina's economic structure that generates this behavior. We will do so by combining three tools of analysis: the concept of 'des-equilibrated productive structure'; a model of 'structural' real exchange rate determination; and the effects of existence of rent from natural resources (typical of semi-industrialized Latin-American economies). With these ideas in mind we will show how structural forces act in the short- and long-run, emphasizing the fact that the effects of devaluation in peripheric economies are of a different qualitative nature as those in developed (center) economies. We will end our presentation with a few reflections on the contradictions and policy decisions that this economic structures poseFil: Féliz, Mariano. Universidad Nacional de La Plata. Facultad de Humanidades y Ciencias de la Educación. Instituto de Investigaciones en Humanidades y Ciencias Sociales (UNLP-CONICET); Argentina.Fil: Chena, Pablo. Universidad Nacional de La Plata. Facultad de Humanidades y Ciencias de la Educación. Instituto de Investigaciones en Humanidades y Ciencias Sociales (UNLP-CONICET); Argentina.2005info:eu-repo/semantics/conferenceObjectinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/resource_type/c_5794info:ar-repo/semantics/documentoDeConferenciaapplication/pdfhttps://www.memoria.fahce.unlp.edu.ar/trab_eventos/ev.10578/ev.10578.pdf10th LACEA; Paris, Francia, 27-29 de octubre de 2005reponame:Memoria Académica (UNLP-FAHCE)instname:Universidad Nacional de La Plata. Facultad de Humanidades y Ciencias de la Educacióninstacron:UNLPenginfo:eu-repo/semantics/altIdentifier/hdl/10915/111443info:eu-repo/semantics/openAccesshttps://creativecommons.org/licenses/by-nc-nd/4.0/2025-09-29T11:55:30Zoai:memoria.fahce.unlp.edu.ar:snrd:Jev10578Institucionalhttps://www.memoria.fahce.unlp.edu.ar/Universidad públicahttps://www.fahce.unlp.edu.ar/https://www.memoria.fahce.unlp.edu.ar/oaiserver.cgimemoria@fahce.unlp.edu.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:13412025-09-29 11:55:30.899Memoria Académica (UNLP-FAHCE) - Universidad Nacional de La Plata. Facultad de Humanidades y Ciencias de la Educaciónfalse |
dc.title.none.fl_str_mv |
Cyclical crisis of capitalist development in the periphery. A reading from Argentina |
title |
Cyclical crisis of capitalist development in the periphery. A reading from Argentina |
spellingShingle |
Cyclical crisis of capitalist development in the periphery. A reading from Argentina Féliz, Mariano Economía |
title_short |
Cyclical crisis of capitalist development in the periphery. A reading from Argentina |
title_full |
Cyclical crisis of capitalist development in the periphery. A reading from Argentina |
title_fullStr |
Cyclical crisis of capitalist development in the periphery. A reading from Argentina |
title_full_unstemmed |
Cyclical crisis of capitalist development in the periphery. A reading from Argentina |
title_sort |
Cyclical crisis of capitalist development in the periphery. A reading from Argentina |
dc.creator.none.fl_str_mv |
Féliz, Mariano Chena, Pablo |
author |
Féliz, Mariano |
author_facet |
Féliz, Mariano Chena, Pablo |
author_role |
author |
author2 |
Chena, Pablo |
author2_role |
author |
dc.subject.none.fl_str_mv |
Economía |
topic |
Economía |
dc.description.none.fl_txt_mv |
Explaining the recurrence of crisis in Argentina under the form of balance of payment difficulties requires an answer to the question of why the real exchange rate does not tend to correct the external imbalances as should happen according to the neoclassical explanation. That is, why does the real exchange rate tend to move, systematically, towards values that make the result of the current account of the balance of payments unsustainable? In synthesis, why does the real exchange rate in Argentina tends to over-value in relation to the 'needs' of the balance of payments, if over-valuation expresses the impossibility of equilibrating it? In this article we will show that it is Argentina's economic structure that generates this behavior. We will do so by combining three tools of analysis: the concept of 'des-equilibrated productive structure'; a model of 'structural' real exchange rate determination; and the effects of existence of rent from natural resources (typical of semi-industrialized Latin-American economies). With these ideas in mind we will show how structural forces act in the short- and long-run, emphasizing the fact that the effects of devaluation in peripheric economies are of a different qualitative nature as those in developed (center) economies. We will end our presentation with a few reflections on the contradictions and policy decisions that this economic structures pose Fil: Féliz, Mariano. Universidad Nacional de La Plata. Facultad de Humanidades y Ciencias de la Educación. Instituto de Investigaciones en Humanidades y Ciencias Sociales (UNLP-CONICET); Argentina. Fil: Chena, Pablo. Universidad Nacional de La Plata. Facultad de Humanidades y Ciencias de la Educación. Instituto de Investigaciones en Humanidades y Ciencias Sociales (UNLP-CONICET); Argentina. |
description |
Explaining the recurrence of crisis in Argentina under the form of balance of payment difficulties requires an answer to the question of why the real exchange rate does not tend to correct the external imbalances as should happen according to the neoclassical explanation. That is, why does the real exchange rate tend to move, systematically, towards values that make the result of the current account of the balance of payments unsustainable? In synthesis, why does the real exchange rate in Argentina tends to over-value in relation to the 'needs' of the balance of payments, if over-valuation expresses the impossibility of equilibrating it? In this article we will show that it is Argentina's economic structure that generates this behavior. We will do so by combining three tools of analysis: the concept of 'des-equilibrated productive structure'; a model of 'structural' real exchange rate determination; and the effects of existence of rent from natural resources (typical of semi-industrialized Latin-American economies). With these ideas in mind we will show how structural forces act in the short- and long-run, emphasizing the fact that the effects of devaluation in peripheric economies are of a different qualitative nature as those in developed (center) economies. We will end our presentation with a few reflections on the contradictions and policy decisions that this economic structures pose |
publishDate |
2005 |
dc.date.none.fl_str_mv |
2005 |
dc.type.none.fl_str_mv |
info:eu-repo/semantics/conferenceObject info:eu-repo/semantics/publishedVersion http://purl.org/coar/resource_type/c_5794 info:ar-repo/semantics/documentoDeConferencia |
format |
conferenceObject |
status_str |
publishedVersion |
dc.identifier.none.fl_str_mv |
https://www.memoria.fahce.unlp.edu.ar/trab_eventos/ev.10578/ev.10578.pdf |
url |
https://www.memoria.fahce.unlp.edu.ar/trab_eventos/ev.10578/ev.10578.pdf |
dc.language.none.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
info:eu-repo/semantics/altIdentifier/hdl/10915/111443 |
dc.rights.none.fl_str_mv |
info:eu-repo/semantics/openAccess https://creativecommons.org/licenses/by-nc-nd/4.0/ |
eu_rights_str_mv |
openAccess |
rights_invalid_str_mv |
https://creativecommons.org/licenses/by-nc-nd/4.0/ |
dc.format.none.fl_str_mv |
application/pdf |
dc.source.none.fl_str_mv |
10th LACEA; Paris, Francia, 27-29 de octubre de 2005 reponame:Memoria Académica (UNLP-FAHCE) instname:Universidad Nacional de La Plata. Facultad de Humanidades y Ciencias de la Educación instacron:UNLP |
reponame_str |
Memoria Académica (UNLP-FAHCE) |
collection |
Memoria Académica (UNLP-FAHCE) |
instname_str |
Universidad Nacional de La Plata. Facultad de Humanidades y Ciencias de la Educación |
instacron_str |
UNLP |
institution |
UNLP |
repository.name.fl_str_mv |
Memoria Académica (UNLP-FAHCE) - Universidad Nacional de La Plata. Facultad de Humanidades y Ciencias de la Educación |
repository.mail.fl_str_mv |
memoria@fahce.unlp.edu.ar |
_version_ |
1844616511762726913 |
score |
13.070432 |