A UNIFIED GROWTH MODEL FOR INDEPENDENT CHILE

This article analyzes long-term patterns of growth of the Chilean economy. Examining 200 years of data, it shows evidence in favor of using a neoclassical growth model to conduct the empirical analysis. It presents a formal analysis of structural breaks in the Chilean growth process, finding structu...

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Autor principal:	FUENTES,J. RODRIGO
Lenguaje:	English
Publicado:	Pontificia Universidad Católica de Chile. Instituto de Economía. 2011
Materias:	Chile structural breaks growth fiscal policies external shocks
Acceso en línea:	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0719-04332011000200003
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spelling	oai:scielo:S0719-043320110002000032012-05-29A UNIFIED GROWTH MODEL FOR INDEPENDENT CHILEFUENTES,J. RODRIGO Chile structural breaks growth fiscal policies external shocks This article analyzes long-term patterns of growth of the Chilean economy. Examining 200 years of data, it shows evidence in favor of using a neoclassical growth model to conduct the empirical analysis. It presents a formal analysis of structural breaks in the Chilean growth process, finding structural changes in 1929 and 1971/1981. A further analysis of the country's economic history indicates that fiscal policy, external shocks and trade policy are plausible explanations for these breaks. When these variables are included in the empirical model, the hypothesis of no breaks during these 200 years cannot be rejected.info:eu-repo/semantics/openAccessPontificia Universidad Católica de Chile. Instituto de Economía.Latin american journal of economics v.48 n.2 20112011-11-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0719-04332011000200003en10.4067/S0719-04332011000200003
institution	Scielo Chile
collection	Scielo Chile
language	English
topic	Chile structural breaks growth fiscal policies external shocks
spellingShingle	Chile structural breaks growth fiscal policies external shocks FUENTES,J. RODRIGO A UNIFIED GROWTH MODEL FOR INDEPENDENT CHILE
description	This article analyzes long-term patterns of growth of the Chilean economy. Examining 200 years of data, it shows evidence in favor of using a neoclassical growth model to conduct the empirical analysis. It presents a formal analysis of structural breaks in the Chilean growth process, finding structural changes in 1929 and 1971/1981. A further analysis of the country's economic history indicates that fiscal policy, external shocks and trade policy are plausible explanations for these breaks. When these variables are included in the empirical model, the hypothesis of no breaks during these 200 years cannot be rejected.
author	FUENTES,J. RODRIGO
author_facet	FUENTES,J. RODRIGO
author_sort	FUENTES,J. RODRIGO
title	A UNIFIED GROWTH MODEL FOR INDEPENDENT CHILE
title_short	A UNIFIED GROWTH MODEL FOR INDEPENDENT CHILE
title_full	A UNIFIED GROWTH MODEL FOR INDEPENDENT CHILE
title_fullStr	A UNIFIED GROWTH MODEL FOR INDEPENDENT CHILE
title_full_unstemmed	A UNIFIED GROWTH MODEL FOR INDEPENDENT CHILE
title_sort	unified growth model for independent chile
publisher	Pontificia Universidad Católica de Chile. Instituto de Economía.
publishDate	2011
url	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0719-04332011000200003
work_keys_str_mv	AT fuentesjrodrigo aunifiedgrowthmodelforindependentchile AT fuentesjrodrigo unifiedgrowthmodelforindependentchile
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A UNIFIED GROWTH MODEL FOR INDEPENDENT CHILE

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