Growth constraints and external vulnerability in Argentina

Autores
Catelén, Ana Laura
Año de publicación
2020
Idioma
inglés
Tipo de recurso
tesis de maestría
Estado
versión aceptada
Colaborador/a o director/a de tesis
Nicolini, Esteban
Descripción
This paper describes the balance-of-payments dominance as a growth constraint to the Argentinian economy and briefly characterizes the unbalanced productive structure of the country as its main cause. Also, understanding that under this constraint domestic economic cycles depend on external shocks, auto-regressive vectors are used to characterize the short-run impact of these shocks on GDP, trade balance, and real wages. Results confirm that there is a bottleneck in the trade balance that blocks future growth possibilities, that GDP and wages are highly sensitive to variations in the terms of trade, that the increase in external debt does not produce economic growth or improvements in the purchasing power of the population, and that there is a vicious dynamic between capital flight and foreign debt. At the same time, there is evidence of the increase in external vulnerability since the change in the accumulation model in the 1970s.
Fil: Catelén, Ana Laura. Universidad Nacional de Mar del Plata. Facultad de Ciencias Económicas y Sociales; Argentina.
Materia
Crecimiento Económico
Balanza de Pagos
Vulnerabilidad Externa
Nivel de accesibilidad
acceso abierto
Condiciones de uso
https://creativecommons.org/licenses/by-nc-nd/4.0/deed.es
Repositorio
Nülan (UNMDP-FCEyS)
Institución
Universidad Nacional de Mar del Plata. Facultad de Ciencias Económicas y Sociales
OAI Identificador
oai:nulan.mdp.edu.ar:3471

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network_name_str Nülan (UNMDP-FCEyS)
spelling Growth constraints and external vulnerability in ArgentinaCatelén, Ana LauraCrecimiento EconómicoBalanza de PagosVulnerabilidad ExternaThis paper describes the balance-of-payments dominance as a growth constraint to the Argentinian economy and briefly characterizes the unbalanced productive structure of the country as its main cause. Also, understanding that under this constraint domestic economic cycles depend on external shocks, auto-regressive vectors are used to characterize the short-run impact of these shocks on GDP, trade balance, and real wages. Results confirm that there is a bottleneck in the trade balance that blocks future growth possibilities, that GDP and wages are highly sensitive to variations in the terms of trade, that the increase in external debt does not produce economic growth or improvements in the purchasing power of the population, and that there is a vicious dynamic between capital flight and foreign debt. At the same time, there is evidence of the increase in external vulnerability since the change in the accumulation model in the 1970s.Fil: Catelén, Ana Laura. Universidad Nacional de Mar del Plata. Facultad de Ciencias Económicas y Sociales; Argentina.Nicolini, Esteban2020info:eu-repo/semantics/masterThesisinfo:eu-repo/semantics/acceptedVersionhttp://purl.org/coar/resource_type/c_bdccinfo:ar-repo/semantics/tesisDeMaestriaapplication/pdfhttps://nulan.mdp.edu.ar/id/eprint/3471/https://nulan.mdp.edu.ar/id/eprint/3471/1/catelen-2020.pdfengArgentina1930-2018info:eu-repo/semantics/openAccesshttps://creativecommons.org/licenses/by-nc-nd/4.0/deed.esreponame:Nülan (UNMDP-FCEyS)instname:Universidad Nacional de Mar del Plata. Facultad de Ciencias Económicas y Sociales2025-09-04T09:44:43Zoai:nulan.mdp.edu.ar:3471instacron:UNMDP-FCEySInstitucionalhttp://nulan.mdp.edu.ar/Universidad públicaNo correspondehttp://nulan.mdp.edu.ar/cgi/oai2cendocu@mdp.edu.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:18452025-09-04 09:44:44.0Nülan (UNMDP-FCEyS) - Universidad Nacional de Mar del Plata. Facultad de Ciencias Económicas y Socialesfalse
dc.title.none.fl_str_mv Growth constraints and external vulnerability in Argentina
title Growth constraints and external vulnerability in Argentina
spellingShingle Growth constraints and external vulnerability in Argentina
Catelén, Ana Laura
Crecimiento Económico
Balanza de Pagos
Vulnerabilidad Externa
title_short Growth constraints and external vulnerability in Argentina
title_full Growth constraints and external vulnerability in Argentina
title_fullStr Growth constraints and external vulnerability in Argentina
title_full_unstemmed Growth constraints and external vulnerability in Argentina
title_sort Growth constraints and external vulnerability in Argentina
dc.creator.none.fl_str_mv Catelén, Ana Laura
author Catelén, Ana Laura
author_facet Catelén, Ana Laura
author_role author
dc.contributor.none.fl_str_mv Nicolini, Esteban
dc.subject.none.fl_str_mv Crecimiento Económico
Balanza de Pagos
Vulnerabilidad Externa
topic Crecimiento Económico
Balanza de Pagos
Vulnerabilidad Externa
dc.description.none.fl_txt_mv This paper describes the balance-of-payments dominance as a growth constraint to the Argentinian economy and briefly characterizes the unbalanced productive structure of the country as its main cause. Also, understanding that under this constraint domestic economic cycles depend on external shocks, auto-regressive vectors are used to characterize the short-run impact of these shocks on GDP, trade balance, and real wages. Results confirm that there is a bottleneck in the trade balance that blocks future growth possibilities, that GDP and wages are highly sensitive to variations in the terms of trade, that the increase in external debt does not produce economic growth or improvements in the purchasing power of the population, and that there is a vicious dynamic between capital flight and foreign debt. At the same time, there is evidence of the increase in external vulnerability since the change in the accumulation model in the 1970s.
Fil: Catelén, Ana Laura. Universidad Nacional de Mar del Plata. Facultad de Ciencias Económicas y Sociales; Argentina.
description This paper describes the balance-of-payments dominance as a growth constraint to the Argentinian economy and briefly characterizes the unbalanced productive structure of the country as its main cause. Also, understanding that under this constraint domestic economic cycles depend on external shocks, auto-regressive vectors are used to characterize the short-run impact of these shocks on GDP, trade balance, and real wages. Results confirm that there is a bottleneck in the trade balance that blocks future growth possibilities, that GDP and wages are highly sensitive to variations in the terms of trade, that the increase in external debt does not produce economic growth or improvements in the purchasing power of the population, and that there is a vicious dynamic between capital flight and foreign debt. At the same time, there is evidence of the increase in external vulnerability since the change in the accumulation model in the 1970s.
publishDate 2020
dc.date.none.fl_str_mv 2020
dc.type.none.fl_str_mv info:eu-repo/semantics/masterThesis
info:eu-repo/semantics/acceptedVersion
http://purl.org/coar/resource_type/c_bdcc
info:ar-repo/semantics/tesisDeMaestria
format masterThesis
status_str acceptedVersion
dc.identifier.none.fl_str_mv https://nulan.mdp.edu.ar/id/eprint/3471/
https://nulan.mdp.edu.ar/id/eprint/3471/1/catelen-2020.pdf
url https://nulan.mdp.edu.ar/id/eprint/3471/
https://nulan.mdp.edu.ar/id/eprint/3471/1/catelen-2020.pdf
dc.language.none.fl_str_mv eng
language eng
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
https://creativecommons.org/licenses/by-nc-nd/4.0/deed.es
eu_rights_str_mv openAccess
rights_invalid_str_mv https://creativecommons.org/licenses/by-nc-nd/4.0/deed.es
dc.format.none.fl_str_mv application/pdf
dc.coverage.none.fl_str_mv Argentina
1930-2018
dc.source.none.fl_str_mv reponame:Nülan (UNMDP-FCEyS)
instname:Universidad Nacional de Mar del Plata. Facultad de Ciencias Económicas y Sociales
reponame_str Nülan (UNMDP-FCEyS)
collection Nülan (UNMDP-FCEyS)
instname_str Universidad Nacional de Mar del Plata. Facultad de Ciencias Económicas y Sociales
repository.name.fl_str_mv Nülan (UNMDP-FCEyS) - Universidad Nacional de Mar del Plata. Facultad de Ciencias Económicas y Sociales
repository.mail.fl_str_mv cendocu@mdp.edu.ar
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score 12.623145