In this paper we consider an extension of Vasicek’s (1991) model for new consumer fixed-payment credits in the Chilean banking system. Under the assumption that the economy experienced a complete business cycle during 2003-09, we are able to compute the so-called Long-Run Probability of...

This study analyzes the characteristics and the results of programs promoting technological consortiums in Argentina, Chile, Colombia and Uruguay. These programs are aimed to facilitate the interaction between businesses and institutions dedicated to the production of science and technology. The...

In this paper, we analyze the changes in the Chilean economy specialization patterns mainly in the period of fastest economic growth and taking into account its relative abundance of productive factors. There are three important findings in this paper that are relevant for natural resources...

This paper analyzes the evolution of firm productivity in the Chilean manufacturing industry, during the post trade reform period (1979-1994). Changes in productivity for each sector are defined as technological changes and variation in technical efficiency. The econometric technique applied is...

This paper examines the relationship between exports, productivity, and technological innovation. It first analyzes the causality between the firms’ export behavior and productivity. Unlike other papers using a similar methodology, our results show no evidence of learning by exporting. In...

This paper econometrically analyses the factors that determined the dynamics of real estate price in the Metropolitan Area of Chile during the period 1990-2007. The results show that variables such as age and size are statistically significant determinants of property prices; access to Metro...

During the last decade, the good performance of the export sector has been one of the main sources of the rapid economic growth in the Chilean economy. This paper evaluates the impact of public promotion policies on the Chilean export performance. Using plant level data, the econometric evidence...