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Economic Reforms, Financial Development and Growth: Lessons from the Chilean Experience

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  • Leonardo Hernández
  • Fernando Parro
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    Abstract

    Despite reform efforts, the economic performance of Latin American countries during the 1990s was disappointing with the exception of Chile, which grew at almost 7% per year. This paper tries to explain this difference. Following recent literature that hi

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    File URL: http://www.economia.puc.cl/docs/131herna.pdf
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    Bibliographic Info

    Article provided by Instituto de Economía. Pontificia Universidad Católica de Chile. in its journal Cuadernos de Economía-Latin American Journal of Economics.

    Volume (Year): 45 (2008)
    Issue (Month): 131 ()
    Pages: 59-103

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    Handle: RePEc:ioe:cuadec:v:45:y:2008:i:131:p:59-103

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    Related research

    Keywords: Economic growth; reforms; institutions; financial development;

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    1. Pablo Emilio Guidotti & Jose De Gregorio, 1992. "Financial Development and Economic Growth," IMF Working Papers 92/101, International Monetary Fund.
    2. Eduardo Fernández-Arias & Peter Montiel, 2001. "Reform and Growth in Latin America: All Pain, No Gain?," Center for Development Economics 166, Department of Economics, Williams College.
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    Cited by:
    1. Alessandra Dal Colle, 2011. "Finance–growth nexus: does causality withstand financial liberalization? Evidence from cointegrated VAR," Empirical Economics, Springer, vol. 41(1), pages 127-154, August.
    2. Leonardo Hernández & Fernando Parro, 2004. "Financial System and Economic Growth in Chile," Working Papers Central Bank of Chile 291, Central Bank of Chile.

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