Regulationist Macro-Models for Developing Countries. An Application to the Argentine New Development Pattern

DEMIAN TUPAC PANIGO, PABLO IGNACIO CHENA

Revue de la Régulation : Capitalisme, Institutions, Pouvoirs

Maison des Sciences de l’Homme Paris Nord

Lugar: Paris; Año: 2011 p. 25 - 53

1957-7796

The main goal of the present paper is to stress the most important contributions of the Regulationist Structural Macroeconometric Model (RSMM) in order to achieve a better interpretation of Argentina’s new development pattern. To do so, the paper is organized as follows: In the following section, a brief summary is presented, concerning key transformations undergone by the Argentine economy since the middle of the 1970’s, adopting a regulation approach based on a periodization determined by the crisis of the different modes of development over the last 35 years (characterized by the combination of alternative modes of regulation and accumulation regimes). In Section 3, the previous analysis is complemented with a deep assessment of the transition from the rentier-type, financial and extrovert accumulation regime –established since 1976 until the crisis of Convertibility – towards a production, industrializing and more introverted accumulation regime –prevailing at present. In this way, Sections 2 and 3 allow to outline the macroeconomic and institutional context of the data generating process used to obtain the parameters of the RSMM formalized in Section 4. Subsequently, the document is closed with the general conclusions, bibliography and a methodological appendix on the estimation techniques used for the empirical analysis in Section 4.2