Publication: On the accuracy of export growth in Argentina, 1870-1913
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2013-05
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Export
Abstract
Argentine export growth before the First World War is considered one of the
most relevant variables in order to understand the main characteristics of
Argentina’s long-run modern economic growth properly. The lack of accuracy of
the official export series, especially the relative official values used, lies behind
some of the controversies and doubts of the historiography when addressing
the causes and consequences of Argentina’s international convergence. We
have used empirical evidence to test the accuracy of quantities and value
exports records, first, according to their import partners’ records and, second,
according to international market prices. Results show that the hypothesis of
export price undervaluation bias is correct. In the light of these results we
reconstructed a new Argentine export f.o.b. values and price index using
international prices valued in pounds sterling which allows us to offer a new
proposal indicating a more dynamic Argentine export growth during the Belle
Époque years
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Keywords
Latin America, First Globalization, Argentina, Exports Growth, Accuracy Exports