Este trabajo cuantifica el impacto de los shocks de energía sobre el ciclo económico chileno. El principal resultado es mostrar que no sólo los tradicionales shocks de petróleo son relevantes para explicar el ciclo económico, sino también los cambios significativos en el precio de la...

This article presents the hypothesis that exogenous shocks in the electricity market can affect the business cycle of the Chilean economy in the short and medium terms. The shocks are identified as the delays in power-generation investment that have characterized the sector in recent years. The...

After privatizing local exchange companies (LEX), many countries are introducing competition in local telephony in order to encourage both allocative and productive efficiency. However, enormous sunk costs, and scale, scope and network economies cannot guarantee perfect competition. This paper...

Este trabajo describe la evolución reciente de los principales indicadores económicos para Chile y las reformas implementadas que largamente explican el desarrollo del país en las décadas recientes. Se muestra que Chile, de acuerdo a su crecimiento y situación social, puede clasificarse...

Despite success in reducing poverty over the last twenty years, inequality in Chile has remained virtually unchanged, making Chile one of the least equal countries in the world. High levels of inequality have been shown to hamper further reductions in poverty as well as economic growth and local...

En la industria de transporte aéreo en Chile, existe hoy libre ingreso a los mercados, libertad de precios y una mínima intervención del estado. Sin embargo, la evolución de la industria ha generado discusión y preocupación pública en los últimos años respecto a qué tan competitivo es...

We compare welfare levels under two alternative fiscal rules: a procyclical balanced budget policy and an acyclical structural surplus (government accumulates assets). We use a dynamic, stochastic, general equilibrium model. The acylical rule benefits households that do not enjoy access to...

In this paper we provide an explanation based on the conflict of interes between top management, middle management and shareholders of why firms adopt different diversification strategies and how they structure themselves to manage those diversification strategies. It es shown that when...

In September 2005, the Chilean Competition Authority filed a complaint against the 5 largest private health insurance providers for violation of antitrust laws. The 5 providers were accused of colluding to reduce the coverage of the plans offered to customers between March 2002 and March 2003....

Chile posee un sistema de seguro de desempleo con un diseño y forma de financiamiento única en el mundo.Esta combina cuentas de ahorro individuales, financiadas por trabajadores y empresas con un fondoredistributivo financiado por empresas y el Estado. Este paper intenta determinar los...