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Available. Open Access. Open Access
Article
Publication date: 18 March 2021

Maximo Camacho and María Dolores Gadea

356

Abstract

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Applied Economic Analysis, vol. 29 no. 85
Type: Research Article
ISSN: 2632-7627

Available. Open Access. Open Access
Article
Publication date: 19 November 2020

María Dolores Gadea and Isabel Sanz-Villarroya

The purpose of this study is to focus deeply on the short term to explain the relative long-term evolution of the Argentinian economy in the long and the short term.

3219

Abstract

Purpose

The purpose of this study is to focus deeply on the short term to explain the relative long-term evolution of the Argentinian economy in the long and the short term.

Design/methodology/approach

The study of the long-term evolution of the Argentine economy and identifying the moment in which it began to lose ground compared to other developed economies, such as Australia and Canada, constitutes the central axis of the historiography of this country. However, an additional problem presented by the Argentine economy is its high volatility. For this reason, the long term should be influenced by the short term, an issue that requires a more detailed study of the cyclical behavior and a deep analysis of the relationship between the long and the short term.

Findings

The results obtained point to a cyclical development that influences the long-term evolution and, therefore, explains Argentina’s convergence process with Australia and Canada. Frequent deep busts and short booms characterize the Argentine cycle, offsetting its long-term growth potential.

Originality/value

Although the long term has been profusely studied in Argentina, the short term has not been analyzed to the same extent, which is surprising given the extreme volatility of this economy (Prebisch, 1950). The studies performed on economic cycles have always been partial, disconnected from the long term and carried out without much technical rigor.

Details

Applied Economic Analysis, vol. 28 no. 84
Type: Research Article
ISSN:

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