“ What Can We Learn from the 1998 - 2002 Depression in Argentina ? ” Timothy
نویسنده
چکیده
O.1 GDP, United States (millions of 1990 Geary-Khamis Dollars) O.2 GDP Volume Index, United States (2000 = 100) O.3 GDP, Argentina (millions of 1990 Geary-Khamis Dollars) O.4 GDP, Argentina (1986 pesos) O.5 GDP Volume Index, Argentina (2000 = 100) O.6 Population, United States (thousands) O.7 Population Ages 15-64, United States O.8 Population, Argentina (thousands) O.9 Population Ages 15-64, Argentina O.10 Investment, Argentina (1986 pesos) O.11 GDP, Argentina (millions of pesos) O.12 Gross Fixed Capital Formation, Argentina (millions of pesos) O.13 Changes in Inventories, Argentina (millions of pesos) O.14 GDP Deflator, Argentina (2000 = 100) O.15 CPI, Argentina (2000 = 100) O.16 Inward FDI, Argentina (millions of dollars) O.17 Inward FDI, Chile (millions of dollars) O.18 PPI, Argentina (1995 = 100) O.19 Exchange Rate, Argentina-U.S., period average (pesos per dollar) O.20 Exchange Rate, Chile-U.S., period average (pesos per dollar) O.21 GDP, Chile (billions of pesos) O.22 Exports, Argentina (millions of dollars) O.23 Imports, Argentina (millions of dollars) O.24 CPI, United States (2000 = 100) O.25 PPI, United States (2000 = 100) O.26 Overall Government Balance, Including Off-budget Items, Argentina (percent of GDP) O.27 Population, Argentina O.28 Hours Worked, Argentina (1970 = 100) O.29 External Debt, Argentina (dollars) O.30 PPI, Argentina (2000 = 100) O.31 Money Market Interest Rate on Peso Deposits, Argentina (percent per year) O.32 Money Market Interest Rate on Foreign Currency Deposits, Argentina (percent per year) O.33 Consolidated Central Government Revenue, Argentina (millions of pesos) O.34 Consolidated Central Government Expenditure, Argentina (millions of pesos) O.35 Economically Active Population (percent of total population) O.36 Employed Population (percent of total population) O.37 Part-time Employed Population (percent of economically active population)
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What Can We Learn from the 1998–2002 Depression in Argentina?*
In 1998-2002, Argentina experienced what the government described as a “great depression.” Using the “Great Depressions” methodology developed by Cole and Ohanian (1999) and Kehoe and Prescott (2002), we find that the primary determinants of both the boom in Argentina in the 1990s and the subsequent depression were changes in productivity, rather than changes in factor inputs. The timing of eve...
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