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Productivity and Growth in Perspective: Chile, 1833–2010

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  • José Díaz‐Bahamonde
  • Gert Wagner

Abstract

This paper presents a long‐period growth accounting for Chile, an emerging economy, from the early nineteenth century through to 2010. The methodology, data, and sources used are thoroughly discussed, and the results are compared with a benchmark based on a sample of countries. Some of the findings are: Chile's average productivity growth over the whole period is explained mainly by capital deepening, but long period averages hide huge and variable differences when various time subdivisions are explored. Gross TFP growth increases throughout phases until 1973 when an international reduction sets in. The research also put the role of employment‐population ratio into perspective.

Suggested Citation

  • José Díaz‐Bahamonde & Gert Wagner, 2020. "Productivity and Growth in Perspective: Chile, 1833–2010," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 66(4), pages 997-1030, December.
    • Handle: RePEc:bla:revinw:v:66:y:2020:i:4:p:997-1030
    DOI: 10.1111/roiw.12457
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    1. Victor I. Espinosa, 2024. "The perils of lax economic policy: The case of Chile during the COVID-19 pandemic," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 37(3), pages 293-310, September.

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