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IN ARGENTINIAN UNIVERSITIES, ACCOUNTANCY STUDIES YOU!
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Entry #15
The source is the INDEC (Argentinian Census Bureau), and the seasonally adjusted data from 1980 to 1993 was calculated by me using the program X12ARIMA from the US census bureau, because it's the program the INDEC itself uses, since I couldn't find the seasonally adjusted data for that period in the INDEC's web page. Hopefully next year more information will be made available to me, since I'll be in the School of Economics.
So, let's focus on teh pic.
Several things can be pointed out by looking at the graph:
- The 80s sucked, with the whole Malvinas and foundation of democracy. Actually, the stagnation starts in 1973, but I couldn't retrieve that data =(
- Menem's presidency did create a country that could have sustainable growth (1990-99), against of what many people think, he only had cyclical recession, like all the other kewl dudes (1995 Mexico)
- De la Rúa's an idiot (1999-2001), he destroyed the recovery (see last two quarters of 1999) from the cyclical recession, this time caused by the Brazilian devaluation .
- The "expensive dollar" policy (2002-today) has made the economy regain the growth tendency it had previous to the 2002 crisis, the economy is fully recovered and back in its tracks. That's why the rapid growth (8-9% annually) we've been having for the last 5 years,may hit a roof, and will continue (hopefully) at 1990's more stable growth rate. If we do our homework well, we'll be able keep up with the Chilean's GDP per capita, or get a little advantage if we're lucky to grow marginally faster and have a president with half a brain during recessions time.
That's it for now, I want to make a graph with GDP per capita, and another with the debt/GDP ratio, and others comparing Argentina with other countries, but we'll see.
If you have real questions, and if they're not too stupid, you're free to ask; I'll see if I can answer them.
And no, I'm not a jew. I'm a Catholic.

The People Have Spoken
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