Structure And Structural Change In The Chilean Economy
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| Author | : P. Aroca |
| Publisher | : Springer |
| Total Pages | : 296 |
| Release | : 2006-07-28 |
| Genre | : Business & Economics |
| ISBN | : 023023965X |
This book explores the macroeconomic changes in Chilean economics, complementing this with detailed sectoral evaluation and an analysis of the impacts at regional level. Evidence suggests a need to explore the degree to which economic development has or has not contributed to reducing disparities in level of welfare across the country.
| Author | : Jorge M. Katz |
| Publisher | : United Nations Publications |
| Total Pages | : 164 |
| Release | : 2001 |
| Genre | : Business & Economics |
| ISBN | : |
In the last ten to fifteen years, profound structural reforms have moved Latin America and the Caribbean from closed, state-dominated economies to ones that are more market-oriented and open. Policymakers expected that these changes would speed up growth. This book is part of a multi-year project to determine whether these expectation have been fulfilled. Focusing on technological change, the impact of the reforms on the process of innovation is examined. It notes that the development process is proving to be highly heterogenous across industries, regions and firms and can be described as strongly inequitable. This differentiation that has emerged has implications for job creation, trade balance, and the role of small and medium sized firms. This ultimately suggests, amongst other things, the need for policies to better spread the use of new technologies.
| Author | : Mr.Jorge Roldos |
| Publisher | : International Monetary Fund |
| Total Pages | : 26 |
| Release | : 1997-09-01 |
| Genre | : Business & Economics |
| ISBN | : 1451947976 |
This paper estimates potential output and the sources of growth in Chile during 1970-96. Actual output is cointegrated with the quality-adjusted measures of capital and labor, and constant returns to scale cannot be rejected. The estimates of potential output show a positive output gap in the years when the Chilean economy was deemed to be overheated. In 1986-90, the quality-adjusted labor variable explains close to 60 percent of the growth rate of GDP, while during 1991-95 capital formation plays a dominant role. The contribution of TFP growth in Chile is relatively small, but, based on a comparison with European and East Asian experiences, it is expected to increase in the medium term.
| Author | : Samuel Pienknagura |
| Publisher | : International Monetary Fund |
| Total Pages | : 52 |
| Release | : 2021-09-10 |
| Genre | : Business & Economics |
| ISBN | : 151359611X |
Chile’s pension system came under close scrutiny in recent years. This paper takes stock of the adequacy of the system and highlights its challenges. Chile’s defined contribution system was quite influential when introduced, and was taken as an example by other countries. However, it is now delivering low replacement rates relative to OECD peers, as its parameters did not adapt over time to changing demographics and global returns, while informality persists in the labor market. In the absence of reforms, the system’s inability to deliver adequate outcomes for a large share of participants will continue to magnify, as demographic trends and low global interest rates will continue to reduce replacement rates. In addition, recent legislation allowing for pension savings withdrawals to counter the effects from the COVID-19 pandemic, is projected to further reduce replacement rates and increase fiscal costs. A substantial improvement in replacement rates is feasible, via a reform that raises contribution rates and the retirement age, coupled with policies that increases workers’ contribution density.
| Author | : Andrés Solimano |
| Publisher | : Cambridge University Press |
| Total Pages | : 183 |
| Release | : 2012-04-30 |
| Genre | : Business & Economics |
| ISBN | : 1107003547 |
This book analyzes Chile's political economy and its attempt to build a market society in a highly inegalitarian country.
| Author | : Organization for Economic Development and Cooperation |
| Publisher | : Organization for Economic Co-Operation & Development |
| Total Pages | : 0 |
| Release | : 2018 |
| Genre | : Business enterprises |
| ISBN | : 9789264288331 |
Chile is a relatively stable, well-connected, open economy. Over the last decade the country has managed to increase its participation in global value chains and to export new products. However, its knowledge base is limited, productivity is stagnating and economic opportunities are still concentrated in a few places and limited to a few activities and firms. Today's global production revolution offers a window of opportunity for Chile to "update" its growth model to become more inclusive and sustainable. The Production Transformation Policy Review of Chile (PTPR) uses a forward-looking framework to assess the country readiness to embrace change, with perspectives on solar energy, mining and agro-food, and identifies priorities for future reforms. This review is the result of government-business dialogue and rigorous analysis. It benefitted from peer learning from Sweden, Germany and the Emilia Romagna Region in Italy through the OECD Initiative for Policy Dialogue on Global Value Chains, Production Transformation and Development.
| Author | : Daniel Lederman |
| Publisher | : World Bank Publications |
| Total Pages | : 153 |
| Release | : 2012-06-18 |
| Genre | : Business & Economics |
| ISBN | : 0821384910 |
Does what economies export matter for development? If so, can industrial policies improve on the export basket generated by the market? This book approaches these questions from a variety of conceptual and policy viewpoints. Reviewing the theoretical arguments in favor of industrial policies, the authors first ask whether existing indicators allow policy makers to identify growth-promoting sectors with confidence. To this end, they assess, and ultimately cast doubt upon, the reliability of many popular indicators advocated by proponents of industrial policy. Second, and central to their critique, the authors document extraordinary differences in the performance of countries exporting seemingly identical products, be they natural resources or 'high-tech' goods. Further, they argue that globalization has so fragmented the production process that even talking about exported goods as opposed to tasks may be misleading. Reviewing evidence from history and from around the world, the authors conclude that policy makers should focus less on what is produced, and more on how it is produced. They analyze alternative approaches to picking winners but conclude by favoring 'horizontal-ish' policies--for instance, those that build human capital or foment innovation in existing and future products—that only incidentally favor some sectors over others.
| Author | : Eduardo A. Haddad |
| Publisher | : Springer Nature |
| Total Pages | : 476 |
| Release | : 2023-05-30 |
| Genre | : Business & Economics |
| ISBN | : 3031226534 |
This book examines regional structural challenges on Colombia’s path to sustainable social cohesion and regionally inclusive growth. These challenges can be divided into three main groups: (i) those that focus on competitiveness and the supply side, (ii) those that arise from critical business cycle issues on the demand side, and (iii) those concerning environmental sustainability, employment and social inclusion. The contributions, written by experts on Latin American economics and regional science, apply quantitative simulations based on a unified general equilibrium framework and address a wide range of topics, including: Colombia’s competitive integration in global markets, human capital profiles, regional economic disparities and public and private mechanisms of interregional income transfer. The challenges entailed by such high-profile and long-term issues as productivity growth and climate change are also analyzed. In addition, the book positions Colombia’s experiences in an international comparative context. It argues that many other Latin American countries face similar challenges and provide evidence to substantiate this claim. By doing so, it offers valuable policy lessons for Latin American countries with similar difficulties.
| Author | : Juan R. Cuadrado-Roura |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 541 |
| Release | : 2014-01-07 |
| Genre | : Business & Economics |
| ISBN | : 3642396747 |
This contributed volume is the first book in English to offer a current and critical vision of regional problems and policies in the countries of Latin America. The book is in three main parts: a general overview of regional processes and trends in Latin America as a whole; country-level coverage of seven individual countries; and comparative analyses of common major problems such as migration, education, labor, poverty, decentralization, exports and foreign direct investments. Written by renowned academics and experts from the region, the book seeks to provide a better understanding of regional challenges and trends, regional disparities that exist in many Latin American countries and the increasing importance of metropolitan areas.
| Author | : Sandro Antonio Rosario Sideri |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 424 |
| Release | : 2013-03-09 |
| Genre | : Social Science |
| ISBN | : 9401189021 |
One of the main objectives of the Unidad Popular ('Popular Unity') Govern ment was to attain Chile's evolution towards more advanced forms of social organization within the framework of strictly respected democracy. This objective, which is deeply inherent in every human being and conse quently present under all conditions and in all parts of the world, is not weakened by temporary defeats or transient retreats. History proves this, and current events in many parts of the world fully confirm it. One of the areas in which this struggle for progress takes place most in tensively is economics. Here, clashes take place between the forces which work towards social progress, and those which oppose it and aim to maintain a sys tem of intolerable priveleges. The ideological and material resources available to the forces which attempt to restrain social progress are not small, and under given circumstances they overcome the forces by which the majority tries to realize a better future. This is expressed very clearly in the relationships which link the internal dynamics of social development with the great economic and political forces operating at the international level. Consequently, analysis of the social trans formation process in such countries as Chile, in the context of the political and economic reactions these processes unleach at the international level, is of key importance.
