Arbeitspapier
The welfare cost of Argentine risk
In this paper we do a couple of things: discussing a way to measure the welfare cost of country risk, and measuring it for Argentina in the period 1875-2006. There are two conclusions: a) the welfare cost of Argentine risk has been huge: for example, in the period 1976-2006 it was around 20% of GDP, several times larger than the welfare cost of any conventional distortion; b) this cost would be wholly paid by labor. These fascinating results deserve further investigation.
- Language
-
Englisch
- Bibliographic citation
-
Series: Serie Documentos de Trabajo ; No. 471
- Classification
-
Wirtschaft
Equity, Justice, Inequality, and Other Normative Criteria and Measurement
Asymmetric and Private Information; Mechanism Design
Microeconomic Analyses of Economic Development
Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
- Subject
-
country risk
welfare cost
growth
Argentina
Länderrisiko
Wohlfahrtsanalyse
Soziale Kosten
Wirtschaftswachstum
Argentinien
- Event
-
Geistige Schöpfung
- (who)
-
Ávila, Jorge C.
- Event
-
Veröffentlichung
- (who)
-
Universidad del Centro de Estudios Macroeconómicos de Argentina (UCEMA)
- (where)
-
Buenos Aires
- (when)
-
2011
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Ávila, Jorge C.
- Universidad del Centro de Estudios Macroeconómicos de Argentina (UCEMA)
Time of origin
- 2011
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