Despite having accumulated physical and human capital at significant rates, Latin America´s growth has been generally disappointing. Successful growth episodes have been accompanied by surges in TFP, sound and stable macroeconomic policies, and fewer distortions and government interventions....

En este artículo se construye una serie homogénea del stock de capital de la economía chilena entre 1960 y 1984. El enfoque metodológico básico es el desarrollado por Arnold Harberger. En los casos en que este método no es aplicable por falta de información, se desarrollan métodos...

This brief overview highlights some of the most relevant aspects addressed in the different papers, concerning a wide range of countries in the world, in this especial issue devoted to economic growth. All papers have a common core: how economic policy affects growth, especially emphasizing the...

This paper highlights a long-standing debate on whether openness does help economic efficiency in the light of the data for Chilean manufacturing industry. To do so, we analyse the TFP growth during the period of the abrupt trade reform in the seventies. This data base provides evidence favoring...

This paper adressess growth measurement within the traditional growth accounting framework, by relating growth in labor productivity and growth in total factor productivity (TFP) to economic policies. Additionally, the relationship between TFP and measurement of human capital and scale economies...

The main objective of this paper is to analyze the degree of regional economic convergence in the Southern Cone, using regional data of Argentina and Chile during the 1960-1985 period. This study found a more rapid convergence in the case of Chile than in the case of Argentina (which could be...

El trabajo tiene por objeto presentar la calibración de un modelo computable de equilibrio general para la economía chilena. El modelo representa la estructura de una pequeña y abierta economía, de cuatro sectores, con precios relativos de bienes endógenos y precios relativos de factores...

The world's average saving rate has declined for the last two decades but country saving rates exhibit a large dispersion, especially in developing regions. While in a small number of developing countries saving has risen substantially if -along with growth- saving has stagnated or even declined...

This paper summarizes a research project focused on the empirical determinants of and interrelations between macroeconomic regimes, policies, and performance in the world. The project’s hypotheses are structured into three related themes. The first aim is analyzing the determinants of the...