Bergoeing, Raphael; Kehoe, Patrick J.; Kehoe, Timothy J.; … - In: Review of Economic Dynamics 5 (2002) 1, pp. 166-205
Chile and Mexico exoperienced 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 … growth accounting, a calibrated growth model, and economic theory, we conclude that the crucial difference between the two …