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Chile: Boosting Productivity Growth by Strengthening Competition, Entrepreneurship and Innovation

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  • Cyrille Schwellnus

Abstract

Productivity growth has declined since the late 1990s, slowing the catching-up process. Structural reforms to strengthen competition, entrepreneurship and innovation would go a long way toward enhancing it. Recent competition policy reforms that strengthen enforcement of cartel law must now be implemented effectively. The National Economic Prosecutor should receive sufficient resources and the ceiling on fines against cartels, which has recently been raised, may need to be reviewed again. Entrepreneurship should be strengthened by reducing regulatory “red tape” for start-ups and simplifying bankruptcy procedures. Recent reforms to the innovation policy framework are welcome but the focus on sectoral priority clusters will need to be accompanied by appropriate monitoring procedures and sunset clauses for public support. This Working Paper relates to the 2010 Economic Survey of Chile (www.oecd.org/eco/surveys/Chile). Chili : Augmenter la croissance de la productivité par le renforcement de la concurrence, l'entrepreneuriat et l'innovation Le déclin de la croissance de la productivité observé depuis la fin des années 90 ralentit le processus de rattrapage. Des réformes structurelles visant à renforcer la concurrence, l’entrepreneuriat et l’innovation ouvriraient largement la voie à un raffermissement de cette croissance. Il convient désormais de mettre concrètement en oeuvre les récentes réformes de la politique de la concurrence visant à consolider l’application de la législation sur les ententes. Il faut doter le Procureur économique national de ressources suffisantes et revoir éventuellement le plafond – déjà relevé il y a peu – des amendes frappant les auteurs d’ententes. L’entrepreneuriat doit être renforcé grâce à l’allègement de la réglementation qui pèse sur la création d’entreprise et à la simplification des procédures de faillite. Les toutes dernières réformes du cadre de la politique de l’innovation vont dans le bon sens mais il faudra assortir les pôles sectoriels prioritaires de procédures de suivi adaptées et de clauses de caducité du soutien de l’État. Ce document de travail se rapporte à l’Étude économique de l’OCDE du Chili 2010 (www.oecd.org/eco/etudes/Chili).

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Bibliographic Info

Paper provided by OECD Publishing in its series OECD Economics Department Working Papers with number 785.

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Date of creation: 16 Jun 2010
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Handle: RePEc:oec:ecoaaa:785-en

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Related research

Keywords: productivity; innovation; competition; regulation; Chile; growth; réglementation; Chili; innovation; concurrence; croissance; productivité;

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Cited by:
  1. Arti Grover Goswami & Aaditya Mattoo & Sebastián Sáez, 2012. "Exporting Services : A Developing Country Perspective," World Bank Publications, The World Bank, number 2379, October.

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