Trade, Structural Transformation, and Development: Evidence from Argentina 1869–1914
利用阿根廷19世纪末融入世界经济的史实，构建空间巴拉萨-萨缪尔森效应模型，发现外部和内部一体化对经济发展有显著影响。
We provide new theory and evidence on the role of external and internal integration in structural transformation and economic development, using Argentina’s integration into the world economy in the late nineteenth century. Our theoretical model provides microfoundations for a spatial Balassa-Samuelson effect, in which locations closer to world markets have higher population densities, urban population shares, relative prices of nontraded goods, and land prices relative to wages, as well as specializing in traded goods that are transport-cost sensitive. We estimate the model’s parameters, provide evidence in support of this spatial Balassa-Samuelson mechanism, and find substantial effects of both external and internal integration on economic development.