function on the basis of annual time series data from Chile. Based on the theory of cointegration three types of statistical … methodologies are used: the Johansen trace-test, a multivariate error-correction model and the dynamic OLS procedure. Given Chile …

This study examines the export-led growth hypothesis using annual time series data from Chile in a production function …

that there exists a long-run equilibrium between exports and imports in Chile, despite the balance-of-payments crisis of … 1982-83. This finding implies that Chile\'s macroeconomic policies have been effective in the long-run and suggests that … Chile is not in violation of its international budget constraint. …