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Introduction to Argentine exceptionalism

Author

Listed:
  • Edward L. Glaeser

    (Harvard University and NBER)

  • Rafael Tella

    (Harvard University and NBER)

  • Lucas Llach

    (Banco Central de la República Argentina)

Abstract

This article is an introduction to the special collection on Argentine Exceptionalism. First, we discuss why the case of Argentina is generally regarded as exceptional: the country was among the richest in the world at the beginning of the 20th century, but it gradually lost this place of privilege. We discuss that most explanations regarding the hypothesis of Argentine Exceptionalism fall into one or several of four categories. The first explanation is to challenge the exceptionalism hypothesis, either by arguing that the country was not so rich at the beginning of the 20th century or that it is not so poor now. The second explanation states that the country failed to generate growth supporting institutions despite its wealth, thus leading to a relative decline in its income level. The next explanation is that the country faced a series of adverse external shocks which disfavored what had been a successful growth model. Finally, scholars have also stated that exceptionalism is a consequence of poor policy choices, in particular a tendency towards state intervention and isolationism. Next, we introduce the remaining papers of the special collection and how they relate to the aforementioned hypothesis. Finally, we offer some concluding remarks regarding this article.

Suggested Citation

  • Edward L. Glaeser & Rafael Tella & Lucas Llach, 2018. "Introduction to Argentine exceptionalism," Latin American Economic Review, Springer;Centro de Investigaciòn y Docencia Económica (CIDE), vol. 27(1), pages 1-22, December.
  • Handle: RePEc:spr:laecrv:v:27:y:2018:i:1:d:10.1007_s40503-017-0055-4
    DOI: 10.1007/s40503-017-0055-4
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    References listed on IDEAS

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    1. Araoz, María Florencia, 2013. "La Calidad Institucional En Argentina En El Largo Plazo," Revista de Historia Económica / Journal of Iberian and Latin American Economic History, Cambridge University Press, vol. 31(1), pages 73-109, March.
    2. Hadass, Yael S & Williamson, Jeffrey G, 2003. "Terms-of-Trade Shocks and Economic Performance, 1870-1940: Prebisch and Singer Revisited," Economic Development and Cultural Change, University of Chicago Press, vol. 51(3), pages 629-656, April.
    3. N. Gregory Mankiw & David Romer & David N. Weil, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 107(2), pages 407-437.
    4. Daron Acemoglu & James A. Robinson, 2008. "Persistence of Power, Elites, and Institutions," American Economic Review, American Economic Association, vol. 98(1), pages 267-293, March.
    5. Hildegart Ahumada & Alfredo Canavese & Paula Canavese & Facundo González Alvaredo, 2003. "Estimación del tamaño de la economía oculta por medio de la demanda por circulante," Revista de Analisis Economico – Economic Analysis Review, Universidad Alberto Hurtado/School of Economics and Business, vol. 18(1), pages 103-115, June.
    6. Taylor, Alan M., 1992. "External Dependence, Demographic Burdens, and Argentine Economic Decline After the Belle Époque," The Journal of Economic History, Cambridge University Press, vol. 52(4), pages 907-936, December.
    7. Alston, Lee J. & Gallo, Andrés A., 2010. "Electoral fraud, the rise of Peron and demise of checks and balances in Argentina," Explorations in Economic History, Elsevier, vol. 47(2), pages 179-197, April.
    8. Kenneth L. Sokoloff & Stanley L. Engerman, 2000. "Institutions, Factor Endowments, and Paths of Development in the New World," Journal of Economic Perspectives, American Economic Association, vol. 14(3), pages 217-232, Summer.
    9. Sachs, Jeffrey D. & Warner, Andrew M., 2001. "The curse of natural resources," European Economic Review, Elsevier, vol. 45(4-6), pages 827-838, May.
    10. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
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    Cited by:

    1. Sebastien Carrere & Clement Mathieu & Francois Combarnous & Gabriel Kessker & Eric Rougier & Ariel Wilkis, 2022. "The middle class in Argentina: Dynamics, characteristics and implications for public policies," Post-Print hal-03773031, HAL.
    2. Campos, Luciano & Casas, Agustín, 2020. "Populism and income redistribution," Economics Letters, Elsevier, vol. 186(C).
    3. Thanh C. Nguyen & Vítor Castro & Justine Wood, 2022. "Political environment and financial crises," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 27(1), pages 417-438, January.
    4. Cachanosky, Nicolás & Padilla, Alexandre & Gómez, Alejandro, 2021. "Immigration and institutional change: Did mass immigration cause peronism in argentina?," Journal of Economic Behavior & Organization, Elsevier, vol. 184(C), pages 1-15.
    5. Alfredo M. Leone & Jorge I. Canales Kriljenko & Rodolfo Maino, 2023. "The Long and Widening Gap: Analyzing Structural Breaks in Argentina’s Economic Decline," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 29(4), pages 243-259, November.

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    More about this item

    Keywords

    Argentine exceptionalism; Economic history;

    JEL classification:

    • N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative
    • N16 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Latin America; Caribbean
    • D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation

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