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While output declined in virtually all transition economies in the initial years, the speed and extent of the recovery that followed has varied widely across these countries. The contrast between the more and less successful transitions, the latter largely in the former Soviet Union, raises many...
Persistent link: https://www.econbiz.de/10014156715
Chile and Mexico experienced severe economic crises in the early 1980s. This paper analyzes four possible explanations … for why Chile recovered much faster than did Mexico. Comparing data from the two countries allows us to rule out a … two countries was the earlier policy reforms in Chile that generated faster productivity growth. The most crucial of these …
Persistent link: https://www.econbiz.de/10012774728
Both Chile and Mexico experienced severe economic crises in the early 1980s, but Chile recovered much faster than did … of this difference between the two countries was the faster productivity growth in Chile, rather than higher investment … or employment. Our hypothesis is that this difference in productivity was driven by earlier policy reforms in Chile, the …
Persistent link: https://www.econbiz.de/10013232714
Chile has become a model for reforming economies throughout the world. The purpose of this paper is to analyze the … political and economic circumstances surrounding Chile's unilateral trade liberalization during five stages (covering the period … reduce opposition to the reforms. In less than 4 years (1975-1979) Chile eliminated all quantitative restrictions and …
Persistent link: https://www.econbiz.de/10013233003
We present a model of endogenous institutional change that rationalizes reforms that have taken place in the context of economic crisis and drastic political change. Most of the reforms have been initiated by powerholders, even though they have ended worse off relative to the status quo. The...
Persistent link: https://www.econbiz.de/10014158189
This paper deals with the reform to labor market regulation implemented by Chile during the last twenty years. We … taxes. Our interest is to understand to what extent these reforms helped reduce Chile's rate of unemployment from European …
Persistent link: https://www.econbiz.de/10013226914
statement, we compare the polar cases of Chile and Argentina. While Chile exhibited a significant economic slowdown after August …. We attribute their difference to the fact that Chile is more open to trade than Argentina, and that it appears to suffer …
Persistent link: https://www.econbiz.de/10013222318
from large multi?country case studies, and from case-studies of Chile and Cote d'Ivoire presented in the paper, shows that …
Persistent link: https://www.econbiz.de/10013247273
better economic environment. In this paper I review these sources through the recent experiences of Argentina, Chile and …
Persistent link: https://www.econbiz.de/10013324598
The concept of Economic Reform is described as a planned shift from one, Pareto inefficient, but quasi-stable, equilibrium (or 'trap') to a new Pareto superior equilibrium which is, or is designed to become, stable too. The concept is applied to recent 'shock' stabilization programs, with...
Persistent link: https://www.econbiz.de/10013135342