IDEAS home Printed from https://ideas.repec.org/a/oup/cjrecs/v19y2026i1p17-30..html

Locked in extraction: unveiling the path dependence of Chile’s neoextractivist economy in a global transition era

Author

Listed:
  • Francisco Vergara-Perucich
  • Martín Arias-Loyola

Abstract

This article provides a multi-scalar analysis of Chile’s development trajectory, demonstrating that its historical dependency on resource extraction has evolved into a resilient and complex financialised extractivist lock-in from 1940 to 2022. Using Bai-Perron structural break analysis and regional Principal Component Analysis (PCA), we reveal how the national economy transitioned from a primary-export model to one where a dependent service sector reinforces the extractive core. This reconfiguration has produced a territorially polarised landscape of extraction and accumulation zones. We argue that this lock-in is perpetuated by a deep-seated rentier logic and modern governance mechanisms like public–private partnerships, which structurally limit diversification.

Suggested Citation

  • Francisco Vergara-Perucich & Martín Arias-Loyola, 2026. "Locked in extraction: unveiling the path dependence of Chile’s neoextractivist economy in a global transition era," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 19(1), pages 17-30.
    • Handle: RePEc:oup:cjrecs:v:19:y:2026:i:1:p:17-30.
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1093/cjres/rsaf041
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:cjrecs:v:19:y:2026:i:1:p:17-30.. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://academic.oup.com/cjres .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.