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Title: The Role of Railways in Export-Led Growth: The Case of Uruguay, 1870-1913
Author: Herranz Loncán, Alfonso
Keywords: Ferrocarrils
Creixement econòmic
Economic growth
Issue Date: 21-Dec-2011
Publisher: Routledge
Abstract: The social saving literature has highlighted the indispensable role that railways played before 1914 in several Latin American export-oriented economies, such as Mexico, Brazil and Argentina. The article analyses the case of Uruguay, a country that, by 1914, had built one of the densest railway networks in Latin America. The article shows that, in contrast to what happened in other economies of the region, the resource saving effects of the Uruguayan railways during the first globalisation were tiny due to the small share that railway output accounted for within the country's gross domestic product (GDP). Three complementary reasons are suggested to explain that result, namely: the geographical structure of the country; its sectoral specialisation; and the small scale of the Uruguayan economy. Due to these three characteristics, Uruguay was unable to benefit from railways in the way that other export-oriented Latin American economies did during the first period of globalisation. This conclusion draws attention to the geographic-specific character of railway technology.
Note: Versió postprint del document publicat a: 10.1080/20780389.2011.625238
It is part of: Economic History of Developing Regions, 2011, vol. 26, num. 2, p. 1-32
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ISSN: 2078-0389
Appears in Collections:Articles publicats en revistes (Història Econòmica, Institucions, Política i Economia Mundial)

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