This paper explores the qualitative and quantitative implications of taxation for growth and savings in three Latin … American countries: Brazil, Chile and Mexico, studying a small open economy in the context of an endogenous growth model where … labor taxes should be lower than actual taxes in Brazil and Chile. However, while sub-optimal taxes seem to imply lower long …

savings. What has made Chile's savings so high? What were some key policies implemented? Did the structural and liberalizing …Some analysts rank Chile as the only Latin American economy that qualifies as a "take-off economy", or development … economy. In a sense, Chile's enduring success and proved insulation from the "Tequila effect" are due to its high national …