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On the accuracy of export growth in Argentina, 1870-1913

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  • Willebald Remedios, Henry Francisco

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

Suggested Citation

  • Willebald Remedios, Henry Francisco, 2013. "On the accuracy of export growth in Argentina, 1870-1913," IFCS - Working Papers in Economic History.WH wp13-03, Universidad Carlos III de Madrid. Instituto Figuerola.
    • Handle: RePEc:cte:whrepe:wp13-03
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    Cited by:

    1. Vicente Pinilla & Agustina Rayes, 2017. "Why did Argentina become a super-exporter of agricultural and food products during the Belle Époque (1880-1929)?," Working Papers 0107, European Historical Economics Society (EHES).
    2. 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.
    3. Michel Fouquin & Jules Hugot, 2016. "Two Centuries of Bilateral Trade and Gravity data: 1827-2014," Vniversitas Económica 15129, Universidad Javeriana - Bogotá.
    4. Vicente Pinilla & Agustina Rayes, 2019. "How Argentina became a super-exporter of agricultural and food products during the First Globalisation (1880–1929)," Cliometrica, Springer;Cliometric Society (Association Francaise de Cliométrie), vol. 13(3), pages 443-469, September.

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    More about this item

    Keywords

    Latin America;

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • N76 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - Latin America; Caribbean

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