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Argentina's Feeble Recovery: Insights from a Real Business Cycle Approach.
- Source :
- Journal of Policy Reform; 2006, Vol. 9 Issue 3, p219-234, 16p, 5 Graphs
- Publication Year :
- 2006
-
Abstract
- 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. [ABSTRACT FROM AUTHOR]
- Subjects :
- ECONOMIC development
BUSINESS cycles
GROWTH rate
RECESSIONS
Subjects
Details
- Language :
- English
- ISSN :
- 13841289
- Volume :
- 9
- Issue :
- 3
- Database :
- Complementary Index
- Journal :
- Journal of Policy Reform
- Publication Type :
- Academic Journal
- Accession number :
- 22107207
- Full Text :
- https://doi.org/10.1080/13841280600911600