Chile's Growth and Development

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dc.creatorSchmidt-Hebbel, Klaus
dc.date2017-08-17T21:57:27Z
dc.date2017-08-17T21:57:27Z
dc.date2009
dc.date.accessioned2026-07-01T01:18:39Z
dc.descriptionThis paper analyzes the relations between leadership, the policy making process, policies and institutions, and development results in Chile. It starts with a stylized model for the dynamics of development that derives a Kuznets type relation between growth and distribution of income, determined by the quality of leadership, the policy making process, institutions, and policies. This framework is applied to Chile, identifying the features of the policy making process and leadership that allowed for continuation of growth enhancing reform, with a stronger focus on equity goals, since the transition to democracy. As a result of three decades of reforms, Chile has recorded a quantum leap in economic growth, which is traced down to specific reforms. Yet Chile's equity experience is much more mixed: poverty has declined massively but income remains highly concentrated, a likely result of shortcomings in the quality of education and in labor markets. The paper reviews the major risks to the country's future development pace and points out the main reform challenges faced by policy makers.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/360541468010916102/Chiles-growth-and-development-leadership-policy-making-process-policies-and-results
dc.identifierhttps://hdl.handle.net/10986/27939
dc.identifierhttps://doi.org/10.1596/27939
dc.identifier.urihttp://hdl.handle.net/123456789/416935
dc.languageEnglish
dc.languageen_US
dc.publisherWorld Bank, Washington, DC
dc.relationCommission on Growth and Development Working Paper;No. 52
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo
dc.rightsWorld Bank
dc.subjectAGGREGATE INCOME
dc.subjectAGRICULTURE
dc.subjectAMERICAN ECONOMIC REVIEW
dc.subjectANNUAL GROWTH
dc.subjectAVERAGE GROWTH
dc.subjectAVERAGE INCOME
dc.subjectAVERAGE LEVEL
dc.subjectBANK REGULATION
dc.subjectBANKRUPTCY
dc.subjectBINDING CONSTRAINTS
dc.subjectBUDGET SURPLUS
dc.subjectCAPITA GROWTH
dc.subjectCAPITAL ACCUMULATION
dc.subjectCAPITAL INFLOWS
dc.subjectCAPITAL INVESTMENT
dc.subjectCAPITAL MARKET
dc.subjectCASE STUDIES
dc.subjectCENTRAL BANK
dc.subjectCENTRAL BANK INDEPENDENCE
dc.subjectCENTRAL BANKS
dc.subjectCIVIL LIBERTIES
dc.subjectCLOSED ECONOMY
dc.subjectCOLLECTIVE BARGAINING
dc.subjectCOMMODITY
dc.subjectCOMMODITY EXPORTS
dc.subjectCOMPARATIVE ADVANTAGE
dc.subjectCOMPETITIVENESS
dc.subjectCOMPLEMENTARITIES
dc.subjectCOMPLEMENTARITY
dc.subjectCORPORATE TAX
dc.subjectCOUNTRY CASE
dc.subjectCOUNTRY RISK
dc.subjectCREDIT INSTITUTIONS
dc.subjectCRISES
dc.subjectCRITICAL MASS
dc.subjectDEMOCRACY
dc.subjectDEVALUATION
dc.subjectDEVELOPED COUNTRIES
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING ECONOMIES
dc.subjectDEVELOPMENT CASES
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDEVELOPMENT INDICATORS
dc.subjectDEVELOPMENT PATH
dc.subjectDEVELOPMENT PATHS
dc.subjectDEVELOPMENT PRACTITIONERS
dc.subjectDISTRIBUTION DATA
dc.subjectDISTRIBUTION OF INCOME
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC CRISES
dc.subjectECONOMIC CRISIS
dc.subjectECONOMIC DECISIONS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC OUTCOMES
dc.subjectECONOMIC POLICIES
dc.subjectECONOMIC REFORMS
dc.subjectECONOMIC RESEARCH
dc.subjectECONOMIC SPHERE
dc.subjectECONOMICS
dc.subjectECONOMICS LITERATURE
dc.subjectEMPIRICAL ESTIMATES
dc.subjectEMPIRICAL EVIDENCE
dc.subjectEMPIRICAL WORK
dc.subjectEQUILIBRIUM
dc.subjectEXCHANGE RATES
dc.subjectEXPORTS
dc.subjectEXTERNAL SHOCKS
dc.subjectEXTREME POVERTY
dc.subjectFACTORS OF PRODUCTION
dc.subjectFEMALE LABOR
dc.subjectFEMALE LABOR FORCE
dc.subjectFINANCIAL LIBERALIZATION
dc.subjectFINANCIAL REFORMS
dc.subjectFINANCIAL RETURNS
dc.subjectFISCAL POLICIES
dc.subjectFISCAL POLICY
dc.subjectFORECASTS
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFUTURE GROWTH
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGINI COEFFICIENT
dc.subjectGOVERNMENT INSTITUTIONS
dc.subjectGOVERNMENT REGULATION
dc.subjectGOVERNMENT SPENDING
dc.subjectGROWTH DECLINE
dc.subjectGROWTH DETERMINANTS
dc.subjectGROWTH EQUATION
dc.subjectGROWTH PERFORMANCE
dc.subjectGROWTH POLICIES
dc.subjectGROWTH PROJECTIONS
dc.subjectGROWTH RATE
dc.subjectGROWTH REGRESSIONS
dc.subjectGROWTH VOLATILITY
dc.subjectHIGH CONCENTRATION
dc.subjectHIGH GROWTH
dc.subjectHIGH INCOME
dc.subjectHUMAN CAPITAL
dc.subjectHUMAN RIGHTS
dc.subjectIMPORT TARIFFS
dc.subjectINCENTIVE STRUCTURE
dc.subjectINCOME
dc.subjectINCOME DISTRIBUTION
dc.subjectINCOME GROWTH
dc.subjectINCOME INEQUALITY
dc.subjectINCOME LEVELS
dc.subjectINDUSTRIAL COUNTRIES
dc.subjectINDUSTRIALIZED COUNTRIES
dc.subjectINFLATION
dc.subjectINFLATION RATE
dc.subjectINFLATION TARGET
dc.subjectINFLATION TARGETING
dc.subjectINNOVATION
dc.subjectINSTITUTIONAL DEVELOPMENT
dc.subjectINSURANCE
dc.subjectINTERACTION EFFECTS
dc.subjectINTERNATIONAL FINANCE
dc.subjectINTERNATIONAL ORGANIZATIONS
dc.subjectINTERNATIONAL TRADE
dc.subjectLABOR FORCE PARTICIPATION
dc.subjectLABOR MARKET
dc.subjectLABOR MARKETS
dc.subjectLEGAL SYSTEM
dc.subjectLEVEL OF DEVELOPMENT
dc.subjectLEVEL OF INCOME
dc.subjectLOW INCOME
dc.subjectLOW UNEMPLOYMENT
dc.subjectMACROECONOMIC INSTABILITY
dc.subjectMACROECONOMIC MANAGEMENT
dc.subjectMACROECONOMIC PERFORMANCE
dc.subjectMACROECONOMIC POLICY
dc.subjectMACROECONOMIC STABILITY
dc.subjectMACROECONOMIC STABILIZATION
dc.subjectMACROECONOMICS
dc.subjectMONETARY POLICY
dc.subjectMULTIPLE EQUILIBRIA
dc.subjectNATURAL MONOPOLIES
dc.subjectNEGATIVE EFFECT
dc.subjectOPPORTUNITY SET
dc.subjectORGANIZATIONAL STRUCTURE
dc.subjectOUTPUT
dc.subjectOVERVALUATION
dc.subjectPENSION
dc.subjectPENSION REFORM
dc.subjectPENSION SYSTEM
dc.subjectPENSION SYSTEMS
dc.subjectPENSIONS
dc.subjectPER CAPITA GROWTH
dc.subjectPER CAPITA INCOME
dc.subjectPER CAPITA INCOME LEVELS
dc.subjectPOLICY CHANGES
dc.subjectPOLICY DETERMINANTS
dc.subjectPOLICY MAKERS
dc.subjectPOLICY PACKAGES
dc.subjectPOLICY REFORMS
dc.subjectPOLITICAL ECONOMY
dc.subjectPOLITICAL INSTITUTIONS
dc.subjectPOLITICAL PARTICIPATION
dc.subjectPOLITICAL REGIME
dc.subjectPOLITICAL STABILITY
dc.subjectPOPULATION SHARE
dc.subjectPORTFOLIO
dc.subjectPORTFOLIO INVESTMENT
dc.subjectPOSITIVE ECONOMICS
dc.subjectPOVERTY ALLEVIATION
dc.subjectPOVERTY LEVELS
dc.subjectPOVERTY REDUCTION
dc.subjectPRICE CONTROLS
dc.subjectPRIVATE MARKETS
dc.subjectPRIVATE SECTOR
dc.subjectPRIVATIZATION
dc.subjectREAL EXCHANGE RATE
dc.subjectREDUCING POVERTY
dc.subjectREFORM EFFORTS
dc.subjectREFORM PROGRAMS
dc.subjectRELATIVE INCOME
dc.subjectRELATIVE INCOME DISTRIBUTION
dc.subjectREPUTATION
dc.subjectRISK PREMIUM
dc.subjectSCANDALS
dc.subjectSECTOR REFORMS
dc.subjectSIGNIFICANT REDUCTION
dc.subjectSOCIAL CAPITAL
dc.subjectSOCIAL NORMS
dc.subjectSOCIAL ORGANIZATIONS
dc.subjectSTABILIZATION POLICIES
dc.subjectSTAGNATION
dc.subjectSTANDARD DEVIATION
dc.subjectSTRUCTURAL POLICIES
dc.subjectSUSTAINABLE REFORMS
dc.subjectTAX
dc.subjectTAX CODES
dc.subjectTAX RATE
dc.subjectTAX SYSTEM
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectTRADE LIBERALIZATION
dc.subjectTRADE OPENNESS
dc.subjectTRADE UNIONS
dc.subjectTRANSPARENCY
dc.subjectUNDERDEVELOPMENT
dc.subjectUNEMPLOYMENT
dc.subjectUNEMPLOYMENT BENEFITS
dc.subjectUNEMPLOYMENT RATES
dc.subjectUNSKILLED LABOR
dc.subjectVIRTUOUS CYCLE
dc.subjectWAGES
dc.subjectWEALTH
dc.subjectWEALTH DISTRIBUTION
dc.subjectWELFARE IMPACT
dc.subjectWORLD ECONOMY
dc.subjectWORLD INCOME DISTRIBUTION
dc.titleChile's Growth and Development
dc.titleLeadership, Policy-Making Process, Policies, and Results
dc.typeWorking Paper
dc.typeDocument de travail
dc.typeDocumento de trabajo

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