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Mirando el Desarrollo Económico de Chile: Una Comparación Internacional

  • Rodrigo Fuentes
  • Verónica Mies

This paper examines the relative position of Chile in time and compared with other emerging and industrial economies, through various economic development indicators, particularly over the past two decades. It provides a descriptive analysis, without exploring causalities or testing hypotheses on the economic growth of the country. This analysis reveals the strengths and weaknesses that serve as the base for growth policy discussion. The comparison of economic development indicators shows that Chile is relatively strong in macroeconomic stability, quality of institutions, commercial and financial integration, and in the progress of other structural reforms that are manifested in its well-developed capital market and private sector involvement in production. However, when it comes to quality of education, efforts made in technological innovation, infrastructure quality and quantity, and some social indicators, its performance is poor.

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Paper provided by Central Bank of Chile in its series Working Papers Central Bank of Chile with number 308.

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Date of creation: Jan 2005
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Handle: RePEc:chb:bcchwp:308
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  1. Romer, Paul M, 1990. "Endogenous Technological Change," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages S71-102, October.
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  8. Calderon, Cesar & Serven, Luis, 2004. "The effects of infrastructure development on growth and income distribution," Policy Research Working Paper Series 3400, The World Bank.
  9. Barro, R.J., 1988. "Government Spending In A Simple Model Of Endogenous Growth," RCER Working Papers 130, University of Rochester - Center for Economic Research (RCER).
  10. Francisco A. Gallego & Norman Loayza, 2000. "Financial Structure in Chile: Macroeconomic Developments and Microeconomic Effects," Econometric Society World Congress 2000 Contributed Papers 1115, Econometric Society.
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  13. Jones, Larry E & Manuelli, Rodolfo E, 1990. "A Convex Model of Equilibrium Growth: Theory and Policy Implications," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 1008-38, October.
  14. N. Gregory Mankiw & David Romer & David N. Weil, 1990. "A Contribution to the Empirics of Economic Growth," NBER Working Papers 3541, National Bureau of Economic Research, Inc.
  15. Easterly, William & Rebelo, Sérgio, 1994. "Fiscal Policy and Economic Growth: An Empirical Investigation," CEPR Discussion Papers 885, C.E.P.R. Discussion Papers.
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  17. Fischer, Stanley, 1993. "The role of macroeconomic factors in growth," Journal of Monetary Economics, Elsevier, vol. 32(3), pages 485-512, December.
  18. De Gregorio, Jose, 1992. "Economic growth in Latin America," Journal of Development Economics, Elsevier, vol. 39(1), pages 59-84, July.
  19. Harald Beyer B. & Rodrigo Vergara M., 2002. "Productivity and Economic Growth: the Case of Chile," Working Papers Central Bank of Chile 174, Central Bank of Chile.
  20. Robert J. Barro, 1989. "Economic Growth in a Cross Section of Countries," NBER Working Papers 3120, National Bureau of Economic Research, Inc.
  21. Levine, Ross, 2005. "Finance and Growth: Theory and Evidence," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 12, pages 865-934 Elsevier.
  22. Easterly, William & Loayza, Norman & Montiel, Peter, 1997. "Has Latin America's post-reform growth been disappointing?," Policy Research Working Paper Series 1708, The World Bank.
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  25. María Carkovic & Ross Levine, 2002. "Finance and Growth: New Evidence and Policy Analyses for Chile," Central Banking, Analysis, and Economic Policies Book Series, in: Norman Loayza & Raimundo Soto & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel (Series Editor) (ed.), Economic Growth: Sources, Trends, and Cycles, edition 1, volume 6, chapter 11, pages 343-376 Central Bank of Chile.
  26. repec:ner:tilbur:urn:nbn:nl:ui:12-3125518 is not listed on IDEAS
  27. Rómulo A. Chumacero & Rodrigo Fuentes & Klaus Schmidt-Hebbel, 2004. "Chile’s Free Trade Agreements: How Big is The Deal?," Working Papers Central Bank of Chile 264, Central Bank of Chile.
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