Chile's Takeoff: Facts, Challenges, Lessons
AbstractA major change in policies, economic structure and performance has taken place in Chile during the last two decades. Chile joined the small number of takeoff countries that have been able to break away from stagnation. As a newcomer to the club and its only Latin American member to date, Chile's experience offers lessons in policy design and effectiveness that may be useful to other reforming countries. This paper provides empirical evidence on the crucial role played by macroeconomic stabilization and structural reform in the country's attainment of high rates of saving, investment, and growth, and offers an assessment of future growth prospects. The paper identifies major risks and policy challenges that remain to be addressed to lock in sustained high growth. Final lessons are drawn from Chile's experience for other reforming countries.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Central Bank of Chile in its series Working Papers Central Bank of Chile with number 34.
Date of creation: Apr 1998
Date of revision:
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Rómulo Chumacero & Rodrigo Fuentes, 2005.
"On the Determinants of Chilean Economic Growth,"
Central Banking, Analysis, and Economic Policies Book Series,
in: Rómulo A. Chumacero & Klaus Schmidt-Hebbel & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel ( (ed.), General Equilibrium Models for the Chilean Economy, edition 1, volume 9, chapter 5, pages 163-188
Central Bank of Chile.
- Holzmann, Robert, 2000.
"Can investments in emerging markets help to solve the aging problem ?,"
Social Protection Discussion Papers
23070, The World Bank.
- Robert Holzmann, 2000. "Can Investments in Emerging Markets Help to Solve the Aging Problem?," CESifo Working Paper Series 304, CESifo Group Munich.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Claudio Sepulveda).
If references are entirely missing, you can add them using this form.