Chile: Institutions and Policies Underpinning Stability and Growth

Kalter, Eliot; Phillips, Steven; Singh, Manmohan; Villafuerte, Mauricio; Luzio, Rodolfo; Espinosa‐Vega, Marco A.

doi:10.5089/9781589063259.084

Cited by 15 publications

(7 citation statements)

References 33 publications

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“…Expanded export markets and increasing value-added content have been accomplished through quality upgrading of food exports (Herzer and Nowak-Lehnmann 2007;IADB 2007). Chile has also benefited from high levels of education, institutional quality, and a macroeconomic policy framework that has provided stability and certainty for the private sector, boosting productivity growth (figure 4.9, panels E and F; Kalter et al 2004). Therefore, with high levels of human capital and institutional certainty, productivity can still rapidly grow while remaining concentrated in a subset of traditionally low-productivity sectors and pursuing quality upgrading and diversity within existing sectors.…”

Section: Init Prod Fdimentioning

confidence: 99%

Global Productivity: Trends, Drivers, and Policies

Dieppe

2020

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Productivity growth is the key driver of sustainable income growth and poverty reduction. Its effects on human welfare are enormous. While economists agree on the importance of productivity, its measurement and drivers remain elusive. We sometime refer to productivity as a "residual" or even as a "measure of our ignorance." This important book analyzes the trends and drivers of productivity growth, with a special focus on emerging and developing countries. It uses state-ofthe-art econometric techniques and brings together the analysis of a wide range of productivity drivers which, so far, have been analyzed in isolation. It also discusses the impact of COVID-19 on productivity growth. Reading this book will help in reducing our ignorance on the most important driver of human well-being.

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Section: Init Prod Fdimentioning

confidence: 99%

Global Productivity: Trends, Drivers, and Policies

Dieppe

2020

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“…Expanded export markets and increasing value-added content have been accomplished through quality-upgrading of food exports (Herzer and Nowak-Lehnmann D., 2007;Agosin and Bravo-Ortega, 2009). Chile has also benefited from high levels of education, institutional quality and a macroeconomic policy framework that has provided stability and certainty for the private sector, boosting productivity growth (Figure 9; Kalter et al (2004)). Therefore, with high levels of human capital and institutional certainty, productivity can still rapidly grow while remaining concentrated in a subset of traditionally-low productivity sectors and pursuing quality upgrading and diversity within existing sectors.…”

Section: Transitions: Poland Thailand and Chilementioning

confidence: 99%

Productivity Convergence: Is Anyone Catching Up?

Kindberg-Hanlon¹,

Okou²

2021

Global Productivity: Trends, Drivers, and Policies

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The Policy Research Working Paper Series disseminates the findings of work in progress to encourage the exchange of ideas about development issues. An objective of the series is to get the findings out quickly, even if the presentations are less than fully polished. The papers carry the names of the authors and should be cited accordingly. The findings, interpretations, and conclusions expressed in this paper are entirely those of the authors. They do not necessarily represent the views of the International Bank for Reconstruction and Development/World Bank and its affiliated organizations, or those of the Executive Directors of the World Bank or the governments they represent.

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“…Our first application estimates a model for the SC formation process in Chile, a country with solid economic and institutional performance in Latin America (Kalter et al 2004). With rich information at the municipal level, we study key factors for individual SC formation at the municipal level (Freitag 2006).…”

Section: Introductionmentioning

confidence: 99%

Opening the Black Box of Social Capital Formation

Valdivieso

Villena‐Roldán

2014

Am Polit Sci Rev

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T his paper introduces a rational choice model for multiple kinds of participation to empirically investigate several theoretical determinants of social capital (SC) formation. The framework is rich enough to investigate the importance of individual variables, social/peer effects, endogenous trust, political-institutional, and inequality factors as sources of participation. We show that the aforementioned contextual factors explain SC formation for Chile, but their relative importance varies for each kind of participation. Our second application compares individual-level determinants of SC formation among the largest democracies in the Americas. Gender, age, education, and race show heterogeneous effects across countries. Overall, negative interpersonal trust shocks generate participation increments, and possibly motivate engagement in trustworthy networks. Idiosyncratic factors behind participation and trust are positively correlated, suggesting a common SC stem that manifests in multiple ways. Hence, our empirical approach to SC formation uncovers factors hidden by assumptions in some previous literature.

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Chile: Institutions and Policies Underpinning Stability and Growth

Cited by 15 publications

References 33 publications

Global Productivity: Trends, Drivers, and Policies

Global Productivity: Trends, Drivers, and Policies

Productivity Convergence: Is Anyone Catching Up?

Opening the Black Box of Social Capital Formation

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