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Economic Growth in Chile: Evidence, Sources and Prospects

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  • Jose De Gregorio

Abstract

This paper reviews the Chilean experience of growth, with particular focus on the rapid growth that began in the mid-1980s, as the economy recovered from the crisis of 1982. This process slowed down in the late nineties. This paper also reviews the evidence on growth and decomposes the rate of growth and the level of output into its components. It discusses the strengths and weaknesses that explain Chile’s growth take-off and that support future growth. Finally, the paper reviews estimates of the potential rate of long-run growth for the Chilean economy

Suggested Citation

  • Jose De Gregorio, 2004. "Economic Growth in Chile: Evidence, Sources and Prospects," Working Papers Central Bank of Chile 298, Central Bank of Chile.
    • Handle: RePEc:chb:bcchwp:298
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    2. José De Gregorio, 2005. "Sustained Growth in Latin America," Economic Policy Papers Central Bank of Chile 13, Central Bank of Chile.
    3. Rotarou, Elena S. & Sakellariou, Dikaios, 2017. "Neoliberal reforms in health systems and the construction of long-lasting inequalities in health care: A case study from Chile," Health Policy, Elsevier, vol. 121(5), pages 495-503.
    4. Eduardo Wiesner, 2008. "The Political Economy of Macroeconomic Policy Reform in Latin America," Books, Edward Elgar Publishing, number 12913.
    5. Wasim Qazi & Syed Ali Raza & Arshian Sharif, 2017. "Higher Education Development and Unemployment in Pakistan: Evidence from Structural Break Testing," Global Business Review, International Management Institute, vol. 18(5), pages 1089-1110, October.
    6. Luis F. Céspedes & Marcelo Ochoa & Claudio Soto, 2005. "The New Keynesian Phillips Curve in an Emerging Market Economy: The Case of Chile," Working Papers Central Bank of Chile 355, Central Bank of Chile.
    7. Rómulo A. Chumacero & Klaus Schmidt-Hebbel, 2005. "General Equilibrium Models: An Overview," Central Banking, Analysis, and Economic Policies Book Series, in: Rómulo A. Chumacero & Klaus Schmidt-Hebbel & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel (S (ed.),General Equilibrium Models for the Chilean Economy, edition 1, volume 9, chapter 1, pages 001-027, Central Bank of Chile.
    8. Sanghita Ghosh & Amit Kundu, 2021. "Women’s Participation in Higher Education in India: An Analysis Across Major States," Indian Journal of Human Development, , vol. 15(2), pages 275-294, August.
    9. Stijn Claessens & M. Ayhan Kose & Marco E. Terrones, 2011. "Recessions and Financial Disruptions in Emerging Markets: A Bird’s Eye View," Central Banking, Analysis, and Economic Policies Book Series, in: Luis Felipe Céspedes & Roberto Chang & Diego Saravia (ed.),Monetary Policy under Financial Turbulence, edition 1, volume 16, chapter 4, pages 059-104, Central Bank of Chile.
    10. Jose De Gregorio, 2006. "Economic Growth in Latin America: From the Disappointment of the Twentieth Century to the Challenges of the Twenty-First," Working Papers Central Bank of Chile 377, Central Bank of Chile.
    11. Jorge E. Restrepo & Andrea Tokman R., 2005. "Labor Markets and Institutions: An Overview," Central Banking, Analysis, and Economic Policies Book Series, in: Jorge Restrepo & Andrea Tokman R. & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel (Series Edi (ed.),Labor Markets and Institutions, edition 1, volume 8, chapter 1, pages 001-016, Central Bank of Chile.
    12. Daniela-Emanuela Dănăcică & Ana-Gabriela Babucea & Lucia Paliu-Popa & Gabriela Bușan & Irina-Elena Chirtoc, 2023. "The Nexus between Higher Education and Unemployment—Evidence from Romania," Sustainability, MDPI, vol. 15(4), pages 1-20, February.
    13. Sebastian Edwards & Roberto Rigobon, 2005. "Capital Controls, Exchange Rate Volatility and External Vulnerability," NBER Working Papers 11434, National Bureau of Economic Research, Inc.
    14. Banks, William, 2021. "When did Chile fall asleep? An assessment of national and regional income inequality in Chile, 1973-1990," LSE Research Online Documents on Economics 113197, London School of Economics and Political Science, LSE Library.
    15. Andrés Solimano, 2009. "Three Decades of Neoliberal Economics in Chile: Achievements, Failures and Dilemmas," WIDER Working Paper Series RP2009-37, World Institute for Development Economic Research (UNU-WIDER).

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