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The Political Economy of Chile's Fast Economic Growth: An Olsonian Interpretation

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  • Hojman, David E

Abstract

A conceptual framework inspired by Mancur Olson's contributions to political economy is used to explain Chile's recent economic and political performance, with particular emphasis on the "hidden hand", political stability, rent-seeking, policy-making quality, institutions, cultural attitudes and cultural change, fortunate historical accidents, critical masses, and virtuous circles and other "positive loops". The analysis combines very long-term with short-term perspectives, examining the war of Arauco, Basque immigration, open economy policies, families' educational investment, economic technocrats, female labour force participation, managerial perceptions of labour, and (other) old myth shattering. Some future trends are also predicted. Copyright 2002 by Kluwer Academic Publishers

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  • Hojman, David E, 2002. "The Political Economy of Chile's Fast Economic Growth: An Olsonian Interpretation," Public Choice, Springer, vol. 111(1-2), pages 155-178, March.
    • Handle: RePEc:kap:pubcho:v:111:y:2002:i:1-2:p:155-78
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    Cited by:

    1. Arroyo Francisco & Edmunds John C., 2010. "The Macro Dimensions of Chile's Export Dilemma," Global Economy Journal, De Gruyter, vol. 9(4), pages 1-19, January.
    2. David Hojman, 2004. "So, Do You Really Want to Be a Senator? The Political Economy of Candidate Motivation and Electoral Defeat in Chile," Working Papers 200403, University of Liverpool, Department of Economics.
    3. Jac C. Heckelman, 2007. "Explaining the Rain: The Rise and Decline of Nations after 25 Years," Southern Economic Journal, John Wiley & Sons, vol. 74(1), pages 18-33, July.

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