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Microeconomic behavior in high uncertainty environments: the case of Argentina

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  • Kosacoff, Bernardo
  • Ramos, Adrián

Abstract

Over the last three decades Argentina's real output underwent violent and with frequent fluctuations. Moreover, the trend growth rates also varied with large amplitudes. The economic oscillations interacted with sometimes drastic changes in economic policies. Agents adapted to that environment with heterogeneous and variable results. This document tries to identify the interrelations between that macro performance and private behaviors, and their effects on the industrial structure. Fundamental dimensions of those behaviors include investment criteria, the time horizon over which corporate decisions are made, attitudes towards innovation and technological learning. The Argentine case highlights the consistency requirements between micro and macro policies and the connections between macroeconomic sustainability and medium-term economic performance.

Suggested Citation

  • Kosacoff, Bernardo & Ramos, Adrián, 2006. "Microeconomic behavior in high uncertainty environments: the case of Argentina," Documentos de Proyectos 3538, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    • Handle: RePEc:ecr:col022:3538
    Note: Includes bibliography
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    Cited by:

    1. José A. Borello & Hernán Morhorlang & Diego Silva Failde, 2011. "Agglomeration Economies in Semi-industrialized Countries: Evidence from Argentina," Institutions and Economies (formerly known as International Journal of Institutions and Economies), Faculty of Economics and Administration, University of Malaya, vol. 3(3), pages 487-518, October.
    2. Fernanda de Negri & Mariano Laplane, 2009. "Fatores Locacionais e o Investimento Estrangeiro em Pesquisa e desenvolvimento: Evidências para o Brasil, Argentina e México," Discussion Papers 1454, Instituto de Pesquisa Econômica Aplicada - IPEA.

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