Productive investment in Chile’s economic development: trend and challenges

This article reviews the trend of investment in Chile and its relationship with economic growth since the 1973 coup d’état; and it documents how investment remains the main growth driver. Notwithstanding that fact, innovation helps to mitigate diminishing returns from natural resources, while techno...

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Autores principales: Ffrench-Davis, Ricardo, Díaz Pérez, Álvaro
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Lenguaje:English
Publicado: 2019
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Acceso en línea:http://hdl.handle.net/11362/44713
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spelling oai-11362-447132019-08-21T16:06:35Z Productive investment in Chile’s economic development: trend and challenges Ffrench-Davis, Ricardo Díaz Pérez, Álvaro INVERSIONES CRECIMIENTO ECONOMICO PRODUCTIVIDAD MACROECONOMIA FORMACION DE CAPITAL RECURSOS NATURALES DESARROLLO DE LOS RECURSOS NATURALES INFRAESTRUCTURA FISICA FOMENTO DE LAS INVERSIONES INVESTMENTS ECONOMIC GROWTH PRODUCTIVITY MACROECONOMICS CAPITAL FORMATION NATURAL RESOURCES NATURAL RESOURCES DEVELOPMENT PHYSICAL INFRASTRUCTURE INVESTMENT PROMOTION This article reviews the trend of investment in Chile and its relationship with economic growth since the 1973 coup d’état; and it documents how investment remains the main growth driver. Notwithstanding that fact, innovation helps to mitigate diminishing returns from natural resources, while technology-intensive investment, such as broadband infrastructure, helps to diversify the production matrix. The article shows how a persistent increase in the investment ratio in 1990–1998 supported GDP growth of 7.1% per year; but since 1999 investment has wavered, and average growth dropped to below 4%. The article examines the macroeconomic environment and its real instability since 1999, along with investment in infrastructure, the quality of natural resources and environmental services; and it identifies challenges for boosting both investment and innovation, diversifying the production matrix and its agents, and moving towards inclusive growth. 2019-08-20T16:04:49Z 2019-08-20T16:04:49Z 2019-04-15 Texto Sección o Parte de un Documento http://hdl.handle.net/11362/44713 LC/PUB.2019/6-P 2 en CEPAL Review CEPAL Review 127 .pdf application/pdf CHILE CHILE
institution Cepal
collection Cepal
language English
topic INVERSIONES
CRECIMIENTO ECONOMICO
PRODUCTIVIDAD
MACROECONOMIA
FORMACION DE CAPITAL
RECURSOS NATURALES
DESARROLLO DE LOS RECURSOS NATURALES
INFRAESTRUCTURA FISICA
FOMENTO DE LAS INVERSIONES
INVESTMENTS
ECONOMIC GROWTH
PRODUCTIVITY
MACROECONOMICS
CAPITAL FORMATION
NATURAL RESOURCES
NATURAL RESOURCES DEVELOPMENT
PHYSICAL INFRASTRUCTURE
INVESTMENT PROMOTION
spellingShingle INVERSIONES
CRECIMIENTO ECONOMICO
PRODUCTIVIDAD
MACROECONOMIA
FORMACION DE CAPITAL
RECURSOS NATURALES
DESARROLLO DE LOS RECURSOS NATURALES
INFRAESTRUCTURA FISICA
FOMENTO DE LAS INVERSIONES
INVESTMENTS
ECONOMIC GROWTH
PRODUCTIVITY
MACROECONOMICS
CAPITAL FORMATION
NATURAL RESOURCES
NATURAL RESOURCES DEVELOPMENT
PHYSICAL INFRASTRUCTURE
INVESTMENT PROMOTION
Ffrench-Davis, Ricardo
Díaz Pérez, Álvaro
Productive investment in Chile’s economic development: trend and challenges
description This article reviews the trend of investment in Chile and its relationship with economic growth since the 1973 coup d’état; and it documents how investment remains the main growth driver. Notwithstanding that fact, innovation helps to mitigate diminishing returns from natural resources, while technology-intensive investment, such as broadband infrastructure, helps to diversify the production matrix. The article shows how a persistent increase in the investment ratio in 1990–1998 supported GDP growth of 7.1% per year; but since 1999 investment has wavered, and average growth dropped to below 4%. The article examines the macroeconomic environment and its real instability since 1999, along with investment in infrastructure, the quality of natural resources and environmental services; and it identifies challenges for boosting both investment and innovation, diversifying the production matrix and its agents, and moving towards inclusive growth.
format Texto
author Ffrench-Davis, Ricardo
Díaz Pérez, Álvaro
author_facet Ffrench-Davis, Ricardo
Díaz Pérez, Álvaro
author_sort Ffrench-Davis, Ricardo
title Productive investment in Chile’s economic development: trend and challenges
title_short Productive investment in Chile’s economic development: trend and challenges
title_full Productive investment in Chile’s economic development: trend and challenges
title_fullStr Productive investment in Chile’s economic development: trend and challenges
title_full_unstemmed Productive investment in Chile’s economic development: trend and challenges
title_sort productive investment in chile’s economic development: trend and challenges
publishDate 2019
url http://hdl.handle.net/11362/44713
work_keys_str_mv AT ffrenchdavisricardo productiveinvestmentinchileseconomicdevelopmenttrendandchallenges
AT diazperezalvaro productiveinvestmentinchileseconomicdevelopmenttrendandchallenges
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