Chile has supported its agriculture with the use of price bands on selected commodities namely wheat, vegetable oils and fats, and sugar. In this paper we consider agricultural reform and how urban unemployment, and rural-urban migration, may alter the expected welfare effects of agricultural...

The Chilean economy underwent a deep structural change in the mid-seventies, through several economic reforms. Among these, the most impressive one was trade liberalization. This process caused a string of bankruptcies in the manufacturing industry and a reduction in the share of this sector in...

This paper explores the additional difficulties that smaller exporters could have faced during the recent financial crisis, specifically regarding their access to the exchange rate derivatives market. Using data of international trade and derivatives transactions between commercial banks and...

Using plant-level data from Chile’s manufacturing sector for the period 1990-2000, this paper examines the effect of financial development on the probability of exporting at the plant level, with a special focus on the heterogeneous responses of plants with different characteristics. The main...

Using a large dataset of countries, covering the period 1962-2000, this paper analyzes the main determinants of export diversification (concentration). We explore the role of several factors and we use three different indicators of export concentration. We find robust evidence across...

In this paper we study total factor productivity (TFP) catching-up using 20 years of plant-level data for Chilean manufacturing. The paper addresses two key issues: First, we analyze whether there is evidence that low productivity plants experience larger TFP growth than those closer to the...