The Economic Legacy of General Velasco: Long-Term Consequences of Interventionism

dc.creatorMartinelli, César
dc.creatorVega, Marco
dc.date2020-12-17T15:19:57Z
dc.date2020-12-17T15:19:57Z
dc.date2019-10-29
dc.date.accessioned2023-03-09T08:12:01Z
dc.date.available2023-03-09T08:12:01Z
dc.identifierhttp://revistas.pucp.edu.pe/index.php/economia/article/view/21589/21221
dc.identifierhttps://doi.org/10.18800/economia.201902.005
dc.identifier.urihttps://repositorioslatinoamericanos.uchile.cl/handle/2250/6028688
dc.descriptionWe apply synthetic control methods to study the long-term consequences of the interventionist and collectivist reforms implemented by the Peruvian military junta of 1968–1975. We compare long-term outcomes for the Peruvian economy following the radical reforms of the early 1970s with those of two controls made of similar countries, one chosen in the Latin American region and another one chosen from the world at large. We find that the economic legacy of the junta includes sizable loses in GDP along two decades, beyond those that can be attributed to adverse international circumstances. The evidence suggests that those loses can be attributed both to a decline in capital accumulation and to a fall in productivity.
dc.formatapplication/pdf
dc.languageeng
dc.publisherPontificia Universidad Católica del Perú. Fondo Editorial
dc.publisherPE
dc.relationurn:issn:2304-4306
dc.relationurn:issn:0254-4415
dc.rightsAttribution 4.0 International 
dc.rightsinfo:eu-repo/semantics/openAccess
dc.rightshttp://creativecommons.org/licenses/by/4.0
dc.sourceEconomía; Volume 42 Issue 84 (2019)
dc.subjectOutput loss
dc.subjectSynthetic controls
dc.subjectMilitary nationalism
dc.subjectPopulism
dc.subjectCollectivism
dc.subjectPeruvian Revolution
dc.subjecthttps://purl.org/pe-repo/ocde/ford#5.02.01
dc.titleThe Economic Legacy of General Velasco: Long-Term Consequences of Interventionism
dc.typeinfo:eu-repo/semantics/article
dc.typeArtículo


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