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Table 6 Argentina’s long-run development without institutional breakdowns

From: The rise and fall of Argentina

 

Real GDP per capita in 2012 (1990 Geary–Khamis international $)

Ratio of real GDP per capita relative to the United States in 2012

Long-run growth rate (mean and standard deviation)

Real

Counterfactual

Real

Counterfactual

Real

Counterfactual

1912 Sáenz Peña Law

10,990

19,372

0.34

0.62

1.34 (5.82)

1.69 (4.81)

1930 military coup

10,990

18,564

0.34

0.59

1.34 (5.82)

1.69 (4.52)

1946 rise of Perón

10,990

16,647

0.34

0.53

1.34 (5.82)

1.69 (4.81)

1954 Revolución Libertadora

10,990

15,137

0.34

0.49

1.34 (5.82)

1.58 (3.68)

1958 fragile radical (UCR) administrations

10,990

17,806

0.34

0.57

1.34 (5.82)

1.63 (3.89)

1965 Revolución Argentina

10,990

18,540

0.34

0.59

1.34 (5.82)

1.65 (3.88)

1972s Perón era

10,990

15,106

0.34

0.48

1.34 (5.82)

1.51 (4.28)

1975 military dictatorship

10,990

15,524

0.34

0.49

1.34 (5.82)

1.51 (3.67)

1983 transition to democracy

10,990

17,822

0.34

0.57

1.34 (5.82)

1.64 (3.98)