IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this paper

Determinantes del Crecimiento y Estimación del Producto Potencial en Chile: El Rol del Comercio

Listed author(s):
  • Patricio Rojas
  • Eduardo López
  • Susana Jiménez
Registered author(s):

    The purpose of this paper is to determine the sources of Chilean growth in the 1960-96 period. Particularly, we seek to quantify the contribution of increased trade on growth. We also estimate potential output for the Chilean economy in the aforementioned period. The main results are that the Chilean economy has grown at an annual rate of 3,9% between 1960 and 1996. Although the contributions of each factor to growth have changed during these 37 years, on average, 1,6% of growth is explained by capital and 3,9% by labor. The contribution of trade is only significative in the eighties, consisting of approximately 1,5 percentage points for the 1986-96 period. The potential growth rate has been 6,5% during the nineties, increasing from 6,0% in 1990 to 7,0% in 1996. Hence, the economy has evolved around the productive frontier. Medium term projections show that with the actual levels of domestic savings, the continuity of growth at 7,0% annual rates will require superior levels of foreign saving than what is actually available, or alternatively, policies that promote saving or factor productivity growth.

    If 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.

    File URL:
    Download Restriction: no

    File URL:
    Download Restriction: no

    File URL:
    Download Restriction: no

    File URL:
    Download Restriction: no

    Paper provided by Central Bank of Chile in its series Working Papers Central Bank of Chile with number 24.

    in new window

    Date of creation: Oct 1997
    Handle: RePEc:chb:bcchwp:24
    Contact details of provider: Postal:
    Casilla No967, Santiago

    Phone: (562) 670 2000
    Fax: (562) 698 4847
    Web page:

    More information through EDIRC

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:chb:bcchwp:24. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Claudio Sepulveda)

    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.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 profile, as there may be some citations waiting for confirmation.

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

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.