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Structural Change in Argentina, 1935–1960: The Role of Import Substitution and Factor Endowments

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  • Debowicz, Dario
  • Segal, Paul

Abstract

This article investigates structural change in Argentina between 1935 and 1960, a period of rapid industrialization and of relative decline of the agricultural sector. We use a dynamic three-sector computable general equilibrium model of the period to analyze the effects of the policies of import-substituting industrialization (ISI), and changing factor endowments, on the structure of the economy. We find that the declining land-labor ratio was more important than ISI in explaining relative stagnation in agriculture. ISI gave a substantial boost to manufacturing, but primarily at the expense of non-traded services, rather than of agriculture.

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  • Debowicz, Dario & Segal, Paul, 2014. "Structural Change in Argentina, 1935–1960: The Role of Import Substitution and Factor Endowments," The Journal of Economic History, Cambridge University Press, vol. 74(1), pages 230-258, March.
    • Handle: RePEc:cup:jechis:v:74:y:2014:i:01:p:230-258_00
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    Cited by:

    1. Marc Badia†Miró & Anna Carreras†Marín & Christopher M. Meissner, 2018. "Geography, policy, or productivity? Regional trade in five South American countries, 1910–50," Economic History Review, Economic History Society, vol. 71(1), pages 236-266, February.
    2. Yury Simachev & Mikhail Kuzyk & Nikolay Zudin, 2016. "Import Dependence and Import Substitution in Russian Manufacturing: A Business Viewpoint," Foresight and STI Governance (Foresight-Russia till No. 3/2015), National Research University Higher School of Economics, vol. 10(4), pages 25-45.

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