The Industrialization of South America Revisited: Evidence from Argentina, Brazil, Chile and Colombia, 1890-2010 / Gerardo della Paolera, Xavier H. Duran Amorocho, Aldo Musacchio.

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Paolera, Gerardo della

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TextSeries: Working Paper Series (National Bureau of Economic Research) ; no. w24345.Publication details: Cambridge, Mass. National Bureau of Economic Research 2018.Description: 1 online resource: illustrations (black and white)Subject(s):

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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.

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February 2018.

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.