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| Titel: |
Argentina's Feeble Recovery: Insights from a Real Business Cycle Approach |
| Auteur: |
Zarazaga, Carlos E. J. M. |
| Verschenen in: |
Journal of economic policy reform |
| Paginering: | Jaargang 9 (2006) nr. 3 pagina's 219-234 |
| Jaar: |
2006-09-01 |
| Inhoud: |
Argentina's GDP increased 30% between 2002 and 2005, prompting optimistic assessments that the country had finally left behind its secular stagnation. However, this strong performance followed a sharp decline in economic activity and therefore could be the manifestation of a bounce-back effect with no lasting impact on Argentina's mediocre long-term growth rates. The paper examines this conjecture with the quantitative discipline imposed by a Real Business Cycle methodology and concludes that the 2002-05 expansion was not only a rebound, but also considerably weaker than the model predicts, a finding not consistent with upbeat views about the country's long-term prospects. |
| Uitgever: |
Routledge |
| Bronbestand: |
Elektronische Wetenschappelijke Tijdschriften |
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