The Argentina Paradox: Microexplanations and Macropuzzles

Taylor, Alan M.

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The Argentina Paradox: Microexplanations and Macropuzzles

NBER Working Paper No. w19924

35 Pages Posted: 24 Feb 2014 Last revised: 11 Jun 2026

See all articles by Alan M. Taylor

Alan M. Taylor

Columbia University; National Bureau of Economic Research (NBER); Centre for Economic Policy Research (CEPR)

There are 2 versions of this paper

Date Written: February 2014

Abstract

The economic history of Argentina presents one of the most dramatic examples of divergence in the modern era. What happened and why? This paper reviews the wide range of competing explanations in the literature and argues that, setting aside deeper social and political determinants, the various economic mechanisms in play defy the idea of a monocausal explanation.

Suggested Citation: Suggested Citation

Taylor, Alan M., The Argentina Paradox: Microexplanations and Macropuzzles (February 2014). NBER Working Paper No. w19924, Available at SSRN: https://ssrn.com/abstract=2400269