David Bridals 99 Dollar Sale

vs Argentina. Brazil: More photos of Latin American derby

In a comment to my previous post on the similarities macroeconomic performance in Argentina and Brazil, a colleague distiguido asked about the "long-term prospects: energy supply; complexity of development in either case, productivity / competitiveness of the financial system complexity, performance of the education system producing workmanship of high-level ability to be relevant in the world pragmatic adaptation possibilities of globalization (Dani Rodrik dixit). "

first thing to note is that the original column is intended primarily to flows (GDP growth) and, more generally, to evolution (changes in the distribution of income, changes in net debt.) In other words, said that Argentina and Brazil are the same (not) but to analyze how they have changed over the past decade. For example, the importance of Brazil in the world, was and will be greater than the effect of Argentina's economic size. And "pragmatic adaptation to the opportunities of globalization" would require a finer definition to be measured and compared.

But several of the important points raised by the colleague if they can be compared quantitatively. Let's see.

We can illustrate the power supply (I know I risk the wrath of the true experts in the field, mea culpa) with the series production of energy from World Bank (which makes different primary forms of energy: oil, gas, coal, electricity, etc., in equivalent units of oil, then divide by the product in dollars). Leaving aside the Argentine peak in 2002-2003 (reflecting the drop in output in dollars) for the period change is negative for both countries, but more for our neighbors.


To approximate the composition of exports, we can look at the evolution of manufacturing in total exports of goods, and the percentage of manufactured exports are considered high technological content of total manufacturing exports ( forgiveness is long, and impossible to write more melodic without losing accuracy). The greater complexity and diversity of Brazilian exports is known, but has been reduced in recent years (indicating that in a recent report attributed to the Dutch disease-both traditional and driven by financial capital inflows .) For its part, the ratio of manufacturing exports in Argentina is stable to more modest levels.



What about productivity, the fundamental basis of long-term competitiveness? Never becomes clear how comparable the estimates total factor productivity, generally taken as residue after measuring the growth of physical capital (machinery) and human capital (labor, weighted by education). But if we focus on the development, overcoming the setback of the 2001 crisis, Argentina does not seem to go back for Brazil.


Finally, I take the lñibertad to replace the tandem performance of the education system + production workforce of high-level "always hard to measure in a comparable way, the human development index of the UN . There, unlike the previous chart, it is Brazil that is reaching us from behind although the relative change is significantly lower.


These few graphics are far from answering the fundamental questions that of my colleague, desparramda on several variables, and my modest synthesis of him on the future possibilities and the existence of lagged effects backpack-policy mistakes. This post does not point only to whet the appetite for a debate on the model of regional development and economic impact of extra financial issues, issues that usually get lost in the election maelstrom, but eventually someone will have to address if we are to walking in the dark.