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Contract enforcement, capital accumulation, and Argentina's long-run decline

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dc.affiliation.dptoUC3M. Departamento de Ciencias Socialeses
dc.contributor.authorPrados de la Escosura, Leandro
dc.contributor.authorSanz Villarroya, Isabel
dc.date.accessioned2009-07-09T08:07:56Z
dc.date.available2009-07-09T08:07:56Z
dc.date.issued2009-01
dc.description.abstractArgentina has slipped from being among the ten world’s richest countries by the eve of World War I to its current position close to mid-range developing countries. Why did Argentina fall behind? We employ a structural model to investigate the extent to which the enforceability of contracts and the security of property rights, as measured by Clague et al.’s “contract intensive money” (CIM), conditioned broad capital accumulation and, subsequently, economic performance in Argentina. Our results suggest that poor contract enforcement played a significant role at the origins of Argentina’s unique experience of long-run decline.
dc.description.statusPublicado
dc.format.mimetypeapplication/pdf
dc.identifier.bibliographicCitationCliometrica, 2009, v. 3, n. 1, pp. 1-26
dc.identifier.doi10.1007/s11698-008-0026-8
dc.identifier.issn1863-2505
dc.identifier.issn1863-2513
dc.identifier.publicationtitleJournal of Latin American Studiesen
dc.identifier.urihttps://hdl.handle.net/10016/4677
dc.language.isoeng
dc.publisherSpringer Berlin / Heidelberg
dc.relation.publisherversionhttp://www.springerlink.com/content/m7871v68442760j5/fulltext.pdf
dc.relation.publisherversionhttp://dx.doi.org/10.1007/s11698-008-0026-8
dc.rights©Springer Berlin / Heidelberg
dc.rights.accessRightsopen access
dc.subject.ecienciaEconomía
dc.subject.ecienciaHistoria
dc.subject.otherContract intensive money
dc.subject.otherEconomic decline
dc.subject.otherArgentina
dc.titleContract enforcement, capital accumulation, and Argentina's long-run decline
dc.typeresearch article*
dc.type.reviewPeerReviewed
dspace.entity.typePublication
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