Banco Central de ChileRevista Economía Chilena
Published Issues
Volume 8 Nº 1 April 2005
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| Articles |
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| Looking at Chile’s Economic Dvelopment From an International Perspective J. Rodrigo Fuentes S. / Verónica Mies M. This paper examines the relative position of Chile through time and compared with other emerging and industrial economies, using various economic development indicators, particularly over the past two decades. It provides a descriptive analysis, without exploring causalities or testing hypotheses on the economic growth of the country, but it reveals the strengths and weaknesses that serve as the base for growth policy discussion. The comparison of economic development indicators shows that Chile is comparatively strong in macroeconomic stability, commercial and financial integration, quality of institutions, and in the progress of other structural reforms that are manifested in its well-developed capital market and private sector involvement in production. However, when it comes to quality of education, technological innovation efforts, infrastructure quality and quantity, and some social indicators, its performance is poor. |
| Diagnosis and Propasals for Chilean Education Andrea Tokman R Education plays an important role in economic growth. Chile’s structural reforms in this front contributed more than one percentage point of higher growth during the nineties. If we continue in the same human capital trend growth or, even better, if we achieve radical changes that place us at the standards for developed nations, we could benefit from substantially higher growth rates. This paper critically reviews the Chilean education system and identifies quality as its mayor problem. We study the reforms and their effects on the quantity and quality of education and propose further changes that should generate substantial improvements. |
| Technological Innovation in Chile: Where we are and what can be Done José Miguel Benavente H. The aim of this paper is to characterize and assess the current Chilean scientific and technological status from an economic perspective. The analysis reveals that, given the country’s present level of economic development, major weaknesses exist in the National System of Innovation. In particular, Chile devotes very scarce resources to R&D as a proportion of GDP, the participation of professionals and scientific workforce in research activities is poor, and private involvement in conducting or financing these activities is negligible. This latter aspect is of special interest, considering that the international evidence shows that in countries that have attained significant development advances, the private sector is actively involved in scientific and technological activities. The paper discusses some economic mechanisms that promote such involvement. |
| Research Notes |
| Revisión Metodológica en el Cálculo del IPE e Implicancias sobre los Modelos de Serie de Tiempo Para el TCR Rodrigo Caputo G. / Bernardo Dominichetti H. |
| Determinantes del Índice de Percepción de la Economía William Baeza L. / Igal Magendzo W. |
| Books review |
| The Free-market Innovation Machine de William Baumol José Miguel Benavente H. The Inflation-targeting Debate editado por Ben S. Bernanke y Michael Woodford Klaus Schmidt-Hebbel D. |
| Publications Review |
| Catastro de publicaciones recientes y resúmenes de artículos seleccionados |