Tipos de cambio real y tasas de "protección" a la agricultura argentina en el período 1930-1959

Abstract

The impact of agricultural policy in Argentina between 1933 and 1959 is discussed. The real equilibrium exchange rate is estimated for the purpose of estimating nominal and effective protection rates for wheat, corn and flax. During the years (1933-1940) and (1953-1955) the direct protection was positive due to price policies; rates then become negative due to the effects of trade policy. Indirect protection rates were negative throughout the period, for which total protection rates were also negative, with the highest values between the years 1946 and 1955.