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Análisis sobre el aumento del ahorro en Chile

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Listed:
  • Manuel R. Agosin
  • Gustavo Crespi
  • Leonardo Letelier

Abstract

Desde mediados de los ochenta, cuando la economía se encontraba sumida en la crisis de la deuda, el ahorro y la inversión en Chile aumentaron dramáticamente. El ahorro lo ha hecho aún más que la inversión, revirtiendo el fuerte uso de recursos externos para financiar los niveles desmedrados de inversión de la primera mitad de la década pasada. Estas características del proceso de ahorro e inversión contrastan con lo acaecido en otros países de la región, donde la tasa de inversión se ha mantenido estancada y la tasa de ahorro nacional ha caído (Banco Interamericano de Desarrollo, 1996). Algunos de estos países -particularmente Argentina y México- iniciaron hace varios años programas de estabilización y cambio estructural orientados a darle al mercado una mayor importancia en la asignación de recursos con el objetivo de dinamizar la inversión y la tasa de crecimiento. Muchas de estas políticas habían sido puestas en práctica en Chile a partir de mediados de los setenta. Además, tanto Chile como otros países de la región han recibido cuantiosos flujos de capital durante los años noventa, relajando significativamente la restricción externa a la inversión (Calvo, Leiderman y Reinhardt, 1993; Ffrench-Davis y Griffith-Jones, 1995). Sin embargo, sólo en Chile se ha dado un aumento importante en las tasas de ahorro e inversión.

Suggested Citation

  • Manuel R. Agosin & Gustavo Crespi & Leonardo Letelier, 1997. "Análisis sobre el aumento del ahorro en Chile," Research Department Publications 3008, Inter-American Development Bank, Research Department.
    • Handle: RePEc:idb:wpaper:3008
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    References listed on IDEAS

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    1. Guillermo A. Calvo & Leonardo Leiderman & Carmen M. Reinhart, 1993. "Capital Inflows and Real Exchange Rate Appreciation in Latin America: The Role of External Factors," IMF Staff Papers, Palgrave Macmillan, vol. 40(1), pages 108-151, March.
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    Cited by:

    1. Chang-Tai Hsieh & Jonathan A. Parker, 2007. "Taxes and Growth in a Financially Underdevelopped Country: Evidence from the Chilean Investment Boom," Economía Journal, The Latin American and Caribbean Economic Association - LACEA, vol. 0(Fall 2007), pages 1-54, August.
    2. Cerda, Rodrigo & Fuentes, J. Rodrigo & García, Gonzalo & Llodrá, José Ignacio, 2015. "Understanding Domestic Savings in Chile," IDB Publications (Working Papers) 7254, Inter-American Development Bank.
    3. Rodrigo Cerda & J. Rodrigo Fuentes & Gonzalo García & José Ignacio Llodrá, 2015. "Understanding Domestic Savings in Chile," IDB Publications (Working Papers) 91437, Inter-American Development Bank.

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