The Industrialization of South America Revisited: Evidence from Argentina, Brazil, Chile and Colombia, 1890-2010

46 Pages Posted: 28 Feb 2018

See all articles by Gerardo della Paolera

Gerardo della Paolera

American University of Paris

Xavier Duran Amorocho

Universidad de los Andes, Colombia

Aldo Musacchio

Brandeis University- International Business School; National Bureau of Economic Research

Date Written: February 2018

Abstract

We use new manufacturing GDP time series to examine the industrialization in Argentina, Brazil, Chile, and Colombia since the early twentieth century. We uncover variation across countries and over time that the literature on industrialization had overlooked. Rather than providing a single explanation of how specific shocks or policies shaped the industrialization of the region, our argument is that the timing of the industrial take off was linked to initial conditions, while external shocks and macroeconomic and trade policy explain the variation in the rates of industrialization after the 1930s and favorable terms of trade and liberalization explain de-industrialization after 1990.

Suggested Citation

della Paolera, Gerardo and Duran Amorocho, Xavier and Musacchio, Aldo, The Industrialization of South America Revisited: Evidence from Argentina, Brazil, Chile and Colombia, 1890-2010 (February 2018). NBER Working Paper No. w24345. Available at SSRN: https://ssrn.com/abstract=3131035

Gerardo Della Paolera (Contact Author)

American University of Paris ( email )

31 Avenue Bosquet
Paris, 75007
France

Xavier Duran Amorocho

Universidad de los Andes, Colombia

Carrera 1# 18A-10
Bogotá, DC
Colombia

Aldo Musacchio

Brandeis University- International Business School ( email )

415 South Street MC 32
Waltham, MA 02454-9110
United States

National Bureau of Economic Research ( email )

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

HOME PAGE: http://www.nber.org/people/aldo_musacchio

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