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

36 Pages Posted: 31 Jan 2006

See all articles by Esteban Jadresic

Esteban Jadresic

International Monetary Fund (IMF)

Roberto Zahler

affiliation not provided to SSRN

Date Written: October 2000

Abstract

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.

Keywords: Chile, growth, structural reforms, inflation, democracy

JEL Classification: O54

Suggested Citation

Jadresic, Esteban and Zahler, Roberto, Chile's Rapid Growth in the 1990s Good Policies, Good Luck, or Political Change? (October 2000). IMF Working Paper No. 00/153, Available at SSRN: https://ssrn.com/abstract=879970

Esteban Jadresic (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States
202-623-6299 (Phone)
202-623-6336 (Fax)

Roberto Zahler

affiliation not provided to SSRN

No Address Available

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
177
Abstract Views
1,173
Rank
306,387
PlumX Metrics