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CHILEAN ECONOMIC TRANSFORMATION AND ECONMIC GROWTH :1975-2000 SOME LESSONS
Chile and latin America Pattern Growth Red line : Latin America
PREVIOUS  ECONOMIC DATA Bd: Budget deficit Inv Rt : Investment rate GDP:Gross domestic Product. Un Rt:Unemployment rate Exp Gw:Export growth
Social background Chile v/s  Latin American countries ,[object Object],[object Object]
Social indicators 1974 ( dr: Death Rate , le:Life expectancy, im:Infant mortality , ee :education expenses, lt: Literacy )
Factors behind Economic growth
Social  background 1974
GDP Growth rates 1960-1975
SOCIAL and ECONOMIC  Integration ,[object Object],[object Object]
Hirschman argument ,[object Object],[object Object],[object Object]
1974-1982: Assumptions for the initial reform ,[object Object],[object Object],[object Object]
Sequencing of economic reforms: Some proposals ( DPL.Domestic price liberalization,F/Mest.Fiscall  ,Monetary stabilization,Tr,Trade libveralization,DFs;Domestic financial system reforms, C/Flib, capital and financial liberalization,Priv,privatization)
Speed of the reform ,[object Object],[object Object]
Sequence of the reform ,[object Object],[object Object]
Capital account liberalization ,[object Object],[object Object]
Financial markets ,[object Object],[object Object],[object Object],[object Object],[object Object]
What Chile did:1974-1982 ,[object Object],[object Object]
Restrictions to reforms ,[object Object],[object Object],[object Object]
What were the results?
The microeconomic side ,[object Object],[object Object]
1990-2000 ,[object Object],[object Object]
TFP  Períod 1990-97 . TFPGrowth (0.9) Macro stability (2.9) TFP Growth (4.9) Better Polícies (2.9) Worse Exchange terms (-1.6) -2.0 -1.0 0.0 1.0 2.0 3.0 4.0 5.0 1961-74 1990-97 Residual (0.7)
Concluding comments ,[object Object],[object Object],[object Object],[object Object]

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Chilean economy reforms:1975-2000

  • 1. CHILEAN ECONOMIC TRANSFORMATION AND ECONMIC GROWTH :1975-2000 SOME LESSONS
  • 2. Chile and latin America Pattern Growth Red line : Latin America
  • 3. PREVIOUS ECONOMIC DATA Bd: Budget deficit Inv Rt : Investment rate GDP:Gross domestic Product. Un Rt:Unemployment rate Exp Gw:Export growth
  • 4.
  • 5. Social indicators 1974 ( dr: Death Rate , le:Life expectancy, im:Infant mortality , ee :education expenses, lt: Literacy )
  • 8. GDP Growth rates 1960-1975
  • 9.
  • 10.
  • 11.
  • 12. Sequencing of economic reforms: Some proposals ( DPL.Domestic price liberalization,F/Mest.Fiscall ,Monetary stabilization,Tr,Trade libveralization,DFs;Domestic financial system reforms, C/Flib, capital and financial liberalization,Priv,privatization)
  • 13.
  • 14.
  • 15.
  • 16.
  • 17.
  • 18.
  • 19. What were the results?
  • 20.
  • 21.
  • 22. TFP Períod 1990-97 . TFPGrowth (0.9) Macro stability (2.9) TFP Growth (4.9) Better Polícies (2.9) Worse Exchange terms (-1.6) -2.0 -1.0 0.0 1.0 2.0 3.0 4.0 5.0 1961-74 1990-97 Residual (0.7)
  • 23.