Has the Chilean Neo-Liberal Experiment Run Out of Fuel? A View on Specialisation, Technological Gaps and Catching-Up

This file is part of IDEAS, which uses RePEc data

Has the Chilean Neo-Liberal Experiment Run Out of Fuel? A View on Specialisation, Technological Gaps and Catching-Up

Author Info

Mario Cimoli
Michele Di Maio ()

Additional information is available for the following registered author(s):

Abstract

Due to an extraordinary growth performance during the last two decades the Chilean neo-liberal model of development, based on the exploitation of the country’s static comparative advantages, has turned into a benchmark for most developing countries. The aim of this paper is to discuss the long term sustainability of the Chilean neo-liberal model of development. We present new empirical results obtained by using CAN2000 as well as input-output analysis that describe the Chilean model of development during the period 1986-1998. On the basis of these stylised facts, a simple ricardian-evolutionary model is developed in order to offer an interpretative framework to discuss the conditions under which Chile could maintain the current catching-up process in the long run. The main conclusion is that, with the recent ceasing of the push effects of the neo-liberal policies, it is unlikely that an increase of the export volume, given its structural characteristics, will be sufficient to this end. Indeed, an increase of the country’s sectoral industrial interdependence and an improvement of its international specialisation pattern towards goods with higher technological content and higher income elasticity of world demand are necessary conditions for maintaining the current catching-up process in the long run.

Download Info
To download:

If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. 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.

Publisher Info
Paper provided by Department of Economics, University of Siena in its series Department of Economics University of Siena with number 426.

Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Length:
Date of creation: May 2004
Date of revision:
Handle: RePEc:usi:wpaper:426

Contact details of provider:
Postal: Piazza S.Francesco,7 - 53100 Siena
Phone: (39)(0577)298645
Fax: (39)(0577)298661
Email:
Web page: http://www.econ-pol.unisi.it/
More information through EDIRC

For technical questions regarding this item, or to correct its listing, contact: (Fabrizio Becatti).

Find related papers by JEL classification:
F14 - International Economics - - Trade - - - Country and Industry Studies of Trade
O14 - Economic Development, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
O54 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean

This paper has been announced in the following NEP Reports:

NEP-ALL-2004-06-02 (All new papers)
NEP-DEV-2004-06-02 (Development)
NEP-HIS-2004-06-02 (Business, Economic & Financial History)

Statistics

Access and download statistics

Did you know? Springer Verlag was the first commercial publisher to be listed on RePEc.

This page was last updated on 2009-12-1.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.