Argentina Was Not the Productivity and Economic Growth Champion of Latin America
The Kirchner administration (2002-2015) claimed that under their leadership Argentina experienced record-breaking GDP growth. However, this article shows that Argentina's GDP growth was underwhelming. Statistical estimates produced by the new Argentine government support the ARKLEMS project...
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| Format: | Article |
| Language: | English |
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Centre for the Study of Living Standards
2017-09-01
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| Series: | International Productivity Monitor |
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| Online Access: | http://www.csls.ca/ipm/33/Coremberg.pdf |
| _version_ | 1818362288468393984 |
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| author | Ariel Coremberg |
| author_facet | Ariel Coremberg |
| author_sort | Ariel Coremberg |
| collection | DOAJ |
| description | The Kirchner administration (2002-2015) claimed that under their leadership Argentina experienced record-breaking GDP growth. However, this article shows that Argentina's GDP growth was underwhelming. Statistical estimates produced by the new Argentine government support the ARKLEMS project's evidence that the Kirchner administration overstated growth. Distortions were large and discretionary and affected all industries, independent of the downward bias of the Consumer Price Index and the Wholesale Price Index. New stylized facts counter the claims of the Kirchner administration. First, real GDP growth in the 2002- 2015 period was weaker than in the 1990-1998 period. Second, GDP only grew in the subperiod 2002-2007 because of the commodities boom. Third, GDP growth in Argentina was second lowest among ten Latin American countries in the 1998-2015 period. Fourth, GDP growth during the 2002-2015 period was extensive in nature, based on factor accumulation, not total factor productivity, so was not sustainable. |
| first_indexed | 2024-12-13T21:30:12Z |
| format | Article |
| id | doaj.art-b14949c010de4e7286c47e8d28477ff7 |
| institution | Directory Open Access Journal |
| issn | 1492-9759 1492-9767 |
| language | English |
| last_indexed | 2024-12-13T21:30:12Z |
| publishDate | 2017-09-01 |
| publisher | Centre for the Study of Living Standards |
| record_format | Article |
| series | International Productivity Monitor |
| spelling | doaj.art-b14949c010de4e7286c47e8d28477ff72022-12-21T23:30:50ZengCentre for the Study of Living StandardsInternational Productivity Monitor1492-97591492-97672017-09-01337790Argentina Was Not the Productivity and Economic Growth Champion of Latin AmericaAriel Coremberg0University of Buenos AiresThe Kirchner administration (2002-2015) claimed that under their leadership Argentina experienced record-breaking GDP growth. However, this article shows that Argentina's GDP growth was underwhelming. Statistical estimates produced by the new Argentine government support the ARKLEMS project's evidence that the Kirchner administration overstated growth. Distortions were large and discretionary and affected all industries, independent of the downward bias of the Consumer Price Index and the Wholesale Price Index. New stylized facts counter the claims of the Kirchner administration. First, real GDP growth in the 2002- 2015 period was weaker than in the 1990-1998 period. Second, GDP only grew in the subperiod 2002-2007 because of the commodities boom. Third, GDP growth in Argentina was second lowest among ten Latin American countries in the 1998-2015 period. Fourth, GDP growth during the 2002-2015 period was extensive in nature, based on factor accumulation, not total factor productivity, so was not sustainable.http://www.csls.ca/ipm/33/Coremberg.pdfkirchner administrationeconomic productivityeconomic growthlatin americaargentinagdp |
| spellingShingle | Ariel Coremberg Argentina Was Not the Productivity and Economic Growth Champion of Latin America International Productivity Monitor kirchner administration economic productivity economic growth latin america argentina gdp |
| title | Argentina Was Not the Productivity and Economic Growth Champion of Latin America |
| title_full | Argentina Was Not the Productivity and Economic Growth Champion of Latin America |
| title_fullStr | Argentina Was Not the Productivity and Economic Growth Champion of Latin America |
| title_full_unstemmed | Argentina Was Not the Productivity and Economic Growth Champion of Latin America |
| title_short | Argentina Was Not the Productivity and Economic Growth Champion of Latin America |
| title_sort | argentina was not the productivity and economic growth champion of latin america |
| topic | kirchner administration economic productivity economic growth latin america argentina gdp |
| url | http://www.csls.ca/ipm/33/Coremberg.pdf |
| work_keys_str_mv | AT arielcoremberg argentinawasnottheproductivityandeconomicgrowthchampionoflatinamerica |