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In the first part of this paper a historic analysis of the Chilean’s sources of economic growth is performed. A total factor productivity index shows strong procyclical behaviour. The analysis reveals the importance of external shocks as principal determi
Persistent link: https://www.econbiz.de/10005212202
Chile's trade strategy has experienced a significant change of emphasis in the 1990s. From an exclusive reliance on unilateral integration since the mid 1970s, the country has shifted attention towards bilateral and regional integration in the American co
Persistent link: https://www.econbiz.de/10005212256
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The aim of this paper is the estimation of a migration function between the agricultural and non agricultural sectors of the Chilean economy using time series data. The flows of migration considered are referred to changes of the labor force by sectors of
Persistent link: https://www.econbiz.de/10005730135
In this paper, two models of endogenous aggregate productivity are estimated for the Chilean economy, where labor productivity is a function of factor intensity and a set of economic variables that explain its cyclical and longer run path. The sample peri
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The agricultural share of a country's total output generally declines in the process of economic growth. The major reason for this is that consumer demand for food increases only slightly with rising incomes. However, a small, open economy can overcome this constraint to the growth of...
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