A new estimate of Argentina’s industrial output suggests a less optimistic view of the country’s ‘golden age’.
In a previous post I discussed a working paper in which I criticised Roberto Cortés Conde’s estimates of Argentina’s industrial output from 1875 to 1913. In a new version of that working paper I have taken the plunge by producing my own index for this period. It suggests a considerably lower rate of industrial growth than is found in the standard optimistic account of the country’s ‘golden age’.