THE ECONOMIC CONSEQUENCES OF ARGENTINE INDEPENDENCE

After de facto Independence from Spain in 1810 the economy of Buenos Aires enjoyed a dramatic improvement in its terms of trade, in the order of 400%. The removal of mercantilistic restrictions imposed by Spain as well as the reduction in transport costs produced a significant and gradual change in...

Descripción completa

Guardado en:

Detalles Bibliográficos
Autores principales:	Newland,Carlos, Ortíz,Javier
Lenguaje:	English
Publicado:	Instituto de Economía, Pontificia Universidad Católica de Chile 2001
Materias:	Argentina History Terms of Trade XIX Century
Acceso en línea:	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0717-68212001011500002
Etiquetas:	Agregar Etiqueta Sin Etiquetas, Sea el primero en etiquetar este registro!

id	oai:scielo:S0717-68212001011500002
record_format	dspace
spelling	oai:scielo:S0717-682120010115000022002-05-14THE ECONOMIC CONSEQUENCES OF ARGENTINE INDEPENDENCENewland,CarlosOrtíz,Javier Argentina History Terms of Trade XIX Century After de facto Independence from Spain in 1810 the economy of Buenos Aires enjoyed a dramatic improvement in its terms of trade, in the order of 400%. The removal of mercantilistic restrictions imposed by Spain as well as the reduction in transport costs produced a significant and gradual change in the prices of exportables and importables, as local prices converged towards international prices. The response of the Argentine economy was along the principles of the Theory of Comparative Advantage, that is, the production of exportables increased and the supply of goods competing with imported goods fell. Because exportables were capital and land intensive, and importables labor intensive, the rewards of capital and land increased sharply and wages fell.info:eu-repo/semantics/openAccessInstituto de Economía, Pontificia Universidad Católica de ChileCuadernos de economía v.38 n.115 20012001-12-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0717-68212001011500002en10.4067/S0717-68212001011500002
institution	Scielo Chile
collection	Scielo Chile
language	English
topic	Argentina History Terms of Trade XIX Century
spellingShingle	Argentina History Terms of Trade XIX Century Newland,Carlos Ortíz,Javier THE ECONOMIC CONSEQUENCES OF ARGENTINE INDEPENDENCE
description	After de facto Independence from Spain in 1810 the economy of Buenos Aires enjoyed a dramatic improvement in its terms of trade, in the order of 400%. The removal of mercantilistic restrictions imposed by Spain as well as the reduction in transport costs produced a significant and gradual change in the prices of exportables and importables, as local prices converged towards international prices. The response of the Argentine economy was along the principles of the Theory of Comparative Advantage, that is, the production of exportables increased and the supply of goods competing with imported goods fell. Because exportables were capital and land intensive, and importables labor intensive, the rewards of capital and land increased sharply and wages fell.
author	Newland,Carlos Ortíz,Javier
author_facet	Newland,Carlos Ortíz,Javier
author_sort	Newland,Carlos
title	THE ECONOMIC CONSEQUENCES OF ARGENTINE INDEPENDENCE
title_short	THE ECONOMIC CONSEQUENCES OF ARGENTINE INDEPENDENCE
title_full	THE ECONOMIC CONSEQUENCES OF ARGENTINE INDEPENDENCE
title_fullStr	THE ECONOMIC CONSEQUENCES OF ARGENTINE INDEPENDENCE
title_full_unstemmed	THE ECONOMIC CONSEQUENCES OF ARGENTINE INDEPENDENCE
title_sort	economic consequences of argentine independence
publisher	Instituto de Economía, Pontificia Universidad Católica de Chile
publishDate	2001
url	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0717-68212001011500002
work_keys_str_mv	AT newlandcarlos theeconomicconsequencesofargentineindependence AT ortizjavier theeconomicconsequencesofargentineindependence AT newlandcarlos economicconsequencesofargentineindependence AT ortizjavier economicconsequencesofargentineindependence
_version_	1718442367224119296

THE ECONOMIC CONSEQUENCES OF ARGENTINE INDEPENDENCE

Ejemplares similares