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Policy Regimes, Inequality, Poverty and Growth: The Chilean Experience, 1973-2010

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  • Dante Contreras
  • Ricardo Ffrench-Davis

Abstract

Since the 1970s, Chile has exhibited a highly skewed income distribution accompanied with strong fluctuations over time. Although income distribution worsened notably in the 1970s-80s, a significant improvement was recorded in the first half of the 1990s, resulting from better economic and social policies in the return to democracy. Nonetheless, Chile still faces significant challenges to improve development. There must be an active macroeconomic policy focused on the real economy.

Suggested Citation

  • Dante Contreras & Ricardo Ffrench-Davis, 2012. "Policy Regimes, Inequality, Poverty and Growth: The Chilean Experience, 1973-2010," WIDER Working Paper Series wp-2012-004, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2012-004
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    File URL: https://www.wider.unu.edu/sites/default/files/wp2012-004.pdf
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    References listed on IDEAS

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    1. Rodrik, Dani, 2001. "Why is there so much economic insecurity in Latin America?," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), April.
    2. Giovanni Andrea Cornia, 2010. "Income Distribution under Latin America's New Left Regimes," Journal of Human Development and Capabilities, Taylor & Francis Journals, vol. 11(1), pages 85-114.
    3. Lerman, Robert I & Yitzhaki, Shlomo, 1985. "Income Inequality Effects by Income," The Review of Economics and Statistics, MIT Press, vol. 67(1), pages 151-156, February.
    4. Ricardo Ffrench-Davis, 2010. "Economic Reforms in Chile," Palgrave Macmillan Books, Palgrave Macmillan, edition 0, number 978-0-230-28965-9, September.
    5. Joseph Ramos Quiñones, 2008. "El desarrollo exportador chileno: Evolución y persepctivas," Working Papers wp289, University of Chile, Department of Economics.
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    Cited by:

    1. Habiyaremye, Alexis & Jacobs, Peter & Molewa, Olebogeng & Lekomanyane, Pelontle, 2021. "Macroeconomic stimulus packages and income inequality in developing countries: Lessons from the 2007-9 Great Recession for the Covid-19 crisis in South Africa," MERIT Working Papers 2021-006, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    2. Jorge Atria & Ignacio Flores & Claudia Sanhueza & Ricardo Mayer, 2018. "Top Income in Chile: A Historical Perspective of Income Inequality (1964- 2015)," World Inequality Lab Working Papers hal-02878312, HAL.
    3. Guillermo Cruces & Gary S. Fields & David Jaume & Mariana Viollaz, 2015. "The growth-employment-poverty nexus in Latin America in the 2000s: Chile country study," WIDER Working Paper Series 072, World Institute for Development Economic Research (UNU-WIDER).
    4. Bruno Martorano, 2014. "Pre-crisis Conditions and Government Policy Responses: Chile and Mexico during the Great Recession," Papers inwopa729, Innocenti Working Papers.
    5. Ignacio Flores & Claudia Sanhueza & Jorge Atria & Ricardo Mayer, 2020. "Top Incomes in Chile: A Historical Perspective on Income Inequality, 1964–2017," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 66(4), pages 850-874, December.
    6. Ignacio C. Fernández & David Manuel-Navarrete & Robinson Torres-Salinas, 2016. "Breaking Resilient Patterns of Inequality in Santiago de Chile: Challenges to Navigate towards a More Sustainable City," Sustainability, MDPI, vol. 8(8), pages 1-19, August.
    7. Guillermo Cruces & Gary S. Fields & David Jaume & Mariana Viollaz, 2015. "The growth-employment-poverty nexus in Latin America in the 2000s: Chile country study," WIDER Working Paper Series wp-2015-072, World Institute for Development Economic Research (UNU-WIDER).
    8. Andrés Solimano & Gabriela Zapata-Román, 2019. "Structural transformations and the lack of inclusive growth: The case of Chile," WIDER Working Paper Series wp-2019-118, World Institute for Development Economic Research (UNU-WIDER).
    9. Giovanni Andrea Cornia & Milica Uvalic, 2012. "Learning from the past: Which of the past/current development strategies are best suited to deal with the ‘quadruple crisis’?," Working Papers 116, United Nations, Department of Economics and Social Affairs.

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    Keywords

    Economic policy; Income distribution; Macroeconomics; Microeconomics;
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