Capital formation in machinery in Latin America, 1890-1930
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- dc.contributor.author Tafunell, Xavierca
- dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
- dc.date.accessioned 2017-07-26T10:50:21Z
- dc.date.available 2017-07-26T10:50:21Z
- dc.date.issued 2008-06-01
- dc.date.modified 2017-07-23T02:11:54Z
- dc.description.abstract Investment in machinery is a key aspect in the analysis of long-term economic growth during the era of the spread of industrialisation. But, historiography has only revealed what the pace of capital accumulation was in a few Latin American economies. This article offers continuous (annual) and consistent series on the magnitude of this investment in all of the Latin American countries for the period at the height of the first globalisation, 1890-1930. The paper gives special attention to comparative analysis, showing the differences that exist at the heart of the Latin American community, in the levels of capital formation in machinery as well as in the national development of this over time. The differences in the levels appear very indicative of the unequal degree of development reached by these economies. This article puts to test the hypothesis of intraregional divergence, obtaining the tentative result that there was divergence until 1913, but that there was convergence from 1914-1930.
- dc.format.mimetype application/pdfca
- dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=1095
- dc.identifier.uri http://hdl.handle.net/10230/785
- dc.language.iso eng
- dc.relation.ispartofseries Economics and Business Working Papers Series; 1095
- dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
- dc.rights.accessRights info:eu-repo/semantics/openAccess
- dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
- dc.subject.keyword capital equipment
- dc.subject.keyword latin american industrialization
- dc.subject.keyword investment in machinery
- dc.subject.keyword convergence
- dc.subject.keyword Economic and Business History
- dc.title Capital formation in machinery in Latin America, 1890-1930ca
- dc.type info:eu-repo/semantics/workingPaper