Paper #1472

Title:

Non-residential capital stock in Latin America. 1875-2008

Authors:

Xavier Tafunell and Cristián Ducoing

Date:

March 2015

Abstract:

This work offers non-residential capital stock estimation for major Latin American economies – Argentina, Brazil, Chile and Mexico - made towards a homogeneous method. This work covers the whole twentieth century and the years of the XXI century, expanding backward half century the present available estimations. Our research has the virtue of creating a capital stock method that could be applied to almost all Latin American economies, using the gross fixed capital formation data base (1850–1950) elaborated by one of the authors. This data could be linked with the investment series of standardized National Accounts of the Region, by ECLAC (Economic Commission for Latin America and the Caribbean). Also, the authors have done a comparison between Latin American countries and most advanced economies, especially on the comparative performance of two settlers countries, Argentina and Australia.

Keywords:

Capital Stock, Latin America, Gross fixed capital formation, National Accounts.

JEL codes:

N16;E22; E01.

Area of Research:

Economic and Business History

Published in:

Australian Economic History Review, forthcoming

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