This paper discusses the implications on sector growth within the context of a specialization model based on factor endowment. The empirical literature is examined, which reveals that the only way for the economy to alter its specialization patterns toward the production of goods that are...

The purpose of this paper is to provide a decomposition of economic growth in Chile, based on the contribution of capital, labor, and total factor productivity (TFP) and to study the determinants of TFP behavior in Chile since 1960 to date. Our results indicate that the contribution of TFP to...

This paper examines the relative position of Chile in time and compared with other emerging and industrial economies, through various economic development indicators, particularly over the past two decades. It provides a descriptive analysis, without exploring causalities or testing hypotheses...

The main goal of the present paper is to evaluate the sources of growth in Chile and the world over the last decades, but stressing the role of complementarities in economic policies. Hence, we evaluate the growth determinants for a sample of 28 countries with information over the 1970-2000...

The Central Bank of Chile replaced its monetary policy instrument in August 2001, shifting from a monetary policy rate (MPR) linked to an indexed unit of account (UF, defined by the lagged CPI) to a nominal MPR denominated in pesos. This policy change was complemented with a significant change...

This paper analyzes the relationship between probability of survival and plant size. Using information for the Chilean manufacturing industry over the period 1979-1999, we study empirically if small and medium-sized enterprises (SMEs) have reduced their probability of survival over time. Our...