Chile's Rapid Growth in the 1990's-Good Policies, Good Luck, or Political Change?

Author/Editor:

Esteban Jadresic ; Roberto Zahler

Publication Date:

August 1, 2000

Electronic Access:

Free Full Text (PDF file size is 1182 KB).Use the free Adobe Acrobat Reader to view this PDF file

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

Chile’s average economic growth between 1990 and 1998 was above 7 percent per year, more than double than in previous decades, and higher than in any other Latin American country in the same period. This paper assesses empirically the main hypotheses suggested in the literature about the factors underlying this rapid growth: good economic policies, good luck in the external sector, and the country’s return to a democratic system of government. The statistical and quantitative results indicate that Chile’s rapid growth during the 1990s was due to good policies and the improved political situation.

Series:

Working Paper No. 00/153

Subject:

English

Publication Date:

August 1, 2000

ISBN/ISSN:

9781451857146/1018-5941

Stock No:

WPIEA1532000

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

36

Please address any questions about this title to publications@imf.org