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The Argentina Paradox: Microexplanations and Macropuzzles

The Argentina Paradox: Microexplanations and Macropuzzles

Alan M. Taylor

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Dividing the Pie in Brazil: Income Distribution, Social Policies and the New Middle Class

Dividing the Pie in Brazil: Income Distribution, Social Policies and the New Middle Class

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The Argentina Paradox: Microexplanations and Macropuzzles

The Argentina Paradox: Microexplanations and Macropuzzles
Alan M. Taylor
NBER Working Paper No. 19924
Issued in February 2014
NBER Program(s):   DAE   DEV   EFG   IFM
The economic history of Argentina presents one of the most dramatic examples of divergence in the modern era. What happened and why? This paper reviews the wide range of competing explanations in the literature and argues that, setting aside deeper social and political determinants, the various economic mechanisms in play defy the idea of a monocausal explanation.

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