A Characterization of the Argentinian production sector prior to the 1998 crisis |
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| Institution: | 1. Departamento de Fundamentos del Análisis Económico, Universidad de Valladolid, Avda. Valle Esgueva 6, 47011 Valladolid, Spain;2. Facultad de Economía y Ciencias Comerciales, Universidad del Aconcagua, Catamarca 147, Mendoza 5500, Argentina;1. Clinical Operational Research Unit, University College London, London WC1H 0BT, UK;2. Department of Thoracic Oncology, Papworth Hospital, Cambridge, UK;3. Wales Cancer Trials Unit, Cardiff, UK;1. Hydro-environmental Research Centre, School of Engineering, Cardiff University, Cardiff CF24 3AA, UK;2. State Key Laboratory of Hydroscience and Engineering, Tsinghua University, Beijing 100084, China;1. Hematology and Medical Oncology Department, Hospital Clínico Universitario, INCLIVA Biomedical Research Institute, Valencia, Spain;2. Hematology Department, Hospital Clínic, IDIBAPS, Barcelona, Spain;3. Hematology Department, Hospital del Mar, IMIM, Barcelona, Spain;4. Hematology Department, Hospital La Fe, Valencia, Spain;5. Department of Medicine, School of Medicine, University of Valencia, Valencia, Spain;1. Barcelona Institute for Global Health (ISGlobal), Hospital Clínic—Universitat de Barcelona, Barcelona 08036, Spain;2. Centro de Investigação em Saude de Manhiça, Maputo, Mozambique;3. Preventive Medicine and Epidemiology Department, Hospital Clínic, Barcelona, Spain;4. Databrew, Gainesville, FL, USA;1. Petrobras, CENPES – Research and Development Center, Rio de Janeiro, Brazil;2. Department of Mechanical Engineering, Pontifical Catholic University of Rio de Janeiro, Rio de Janeiro, Brazil;3. Department of Civil and Environmental Engineering, University of Illinois, Urbana, IL 61801, USA |
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| Abstract: | This paper formally characterizes the Argentinian production sector in the period previous to the last crisis. To do so, we jointly estimate the capital stock, its depreciation rate, and the aggregate production function of the Argentinian economy during the 90s. In this respect, the paper not only completes the Argentinian statistics, but also proposes new estimation methods, goes beyond the usual qualitative and financial studies carrying out a quantitative analysis in real terms of the Argentinian production sector, and provides the government with a powerful instrument to design and evaluate economic policies. The paper concludes that the Argentinian capital stock is obsolete, scarce, and, from the real economy point of view, one of the main determinants of the crisis suffered by the country since 1998. |
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