Chile's Economic Growth

Chile's average per capita GDP growth of 4.1% during 1991-2005 was significantly higher than average world growth during the same period and was a strong break from its own past. How much of Chile's recent growth is trend growth and how much is cyclical, influenced largely by external cond...

Descripción completa

Guardado en:

Detalles Bibliográficos
Autor principal:	SCHMIDT-HEBBEL,KLAUS
Lenguaje:	English
Publicado:	Instituto de Economía, Pontificia Universidad Católica de Chile 2006
Materias:	Economic Growth Productivity Growth Policies Structural Reform
Acceso en línea:	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0717-68212006000100001
Etiquetas:	Agregar Etiqueta Sin Etiquetas, Sea el primero en etiquetar este registro!

id	oai:scielo:S0717-68212006000100001
record_format	dspace
spelling	oai:scielo:S0717-682120060001000012006-10-13Chile's Economic GrowthSCHMIDT-HEBBEL,KLAUS Economic Growth Productivity Growth Policies Structural Reform Chile's average per capita GDP growth of 4.1% during 1991-2005 was significantly higher than average world growth during the same period and was a strong break from its own past. How much of Chile's recent growth is trend growth and how much is cyclical, influenced largely by external conditions? Which are the main determinants of Chile's long-term growth and cyclical fluctuations, according to the recent empirical literature? Which are the country's main growth strengths and weaknesses, and, based on the latter, which are the policy reforms advocated by recent technical studies and campaign proposals? This review article addresses the latter questions, starting with the facts about Chile's average growth and growth volatility at the aggregate, regional, and economic-sector level. Then the paper surveys trend growth studies for Chile that range from decomposition by sources of growth to econometric and simulation studies of deep growth determinants, based on international panel-data and national time-series evidence, and on research focused on individual reforms. Studies on short-term output fluctuations and cyclical recoveries in Chile, also comprising cross-country and national time-series evidence, are presented next. This issue of Cuadernos publishes six new, relevant research papers on Chile's growth, which are briefly introduced. Then the paper reviews selectively growth-enhancing policy proposals that have been put forward by academic authors, international organizations, and presidential candidates in their 2005 campaign programs. An epilogue with brief thoughts about Chile's growth potential and policy reform challenges closes the paperinfo:eu-repo/semantics/openAccessInstituto de Economía, Pontificia Universidad Católica de ChileCuadernos de economía v.43 n.127 20062006-05-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0717-68212006000100001en10.4067/S0717-68212006000100001
institution	Scielo Chile
collection	Scielo Chile
language	English
topic	Economic Growth Productivity Growth Policies Structural Reform
spellingShingle	Economic Growth Productivity Growth Policies Structural Reform SCHMIDT-HEBBEL,KLAUS Chile's Economic Growth
description	Chile's average per capita GDP growth of 4.1% during 1991-2005 was significantly higher than average world growth during the same period and was a strong break from its own past. How much of Chile's recent growth is trend growth and how much is cyclical, influenced largely by external conditions? Which are the main determinants of Chile's long-term growth and cyclical fluctuations, according to the recent empirical literature? Which are the country's main growth strengths and weaknesses, and, based on the latter, which are the policy reforms advocated by recent technical studies and campaign proposals? This review article addresses the latter questions, starting with the facts about Chile's average growth and growth volatility at the aggregate, regional, and economic-sector level. Then the paper surveys trend growth studies for Chile that range from decomposition by sources of growth to econometric and simulation studies of deep growth determinants, based on international panel-data and national time-series evidence, and on research focused on individual reforms. Studies on short-term output fluctuations and cyclical recoveries in Chile, also comprising cross-country and national time-series evidence, are presented next. This issue of Cuadernos publishes six new, relevant research papers on Chile's growth, which are briefly introduced. Then the paper reviews selectively growth-enhancing policy proposals that have been put forward by academic authors, international organizations, and presidential candidates in their 2005 campaign programs. An epilogue with brief thoughts about Chile's growth potential and policy reform challenges closes the paper
author	SCHMIDT-HEBBEL,KLAUS
author_facet	SCHMIDT-HEBBEL,KLAUS
author_sort	SCHMIDT-HEBBEL,KLAUS
title	Chile's Economic Growth
title_short	Chile's Economic Growth
title_full	Chile's Economic Growth
title_fullStr	Chile's Economic Growth
title_full_unstemmed	Chile's Economic Growth
title_sort	chile's economic growth
publisher	Instituto de Economía, Pontificia Universidad Católica de Chile
publishDate	2006
url	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0717-68212006000100001
work_keys_str_mv	AT schmidthebbelklaus chileseconomicgrowth
_version_	1718442401649917952

Chile's Economic Growth

Ejemplares similares