Revista Economía Chilena

Volume 14 Nº 1 April 2011

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Articles
Investment-Specific Productivity Growth: Chile from a Global Perspective Gabriel Di Bella / Martín Cerisola By the end of 2007, Chile’s total factor productivity was lower than ten years earlier, a performance that contrasted sharply with the previous decade, when productivity grew by a cumulative 30 percent. This paper assesses productivity trends in Chile, by decomposing productivity into investment-specific technological change (associated with improvements in the quality of capital) and neutral technological change (related to the organization of productive activities). It concludes that investment-specific technological improvements have contributed significantly to long-term growth in Chile, in line with trends observed in other net commodity exporters, while neutral technological change has been slow.
Chilean Export Performance: the Role of Intensive and Extensive Marginss Matías Berthelon The paper presents a detailed description of the evolution of non-copper exports in the 1990-2007 period and decomposes its evolution in terms of the intensive and extensive margins. I document a significant export diversification in terms of markets and products. In the product dimension, diversification has occurred both for overall exports but also within the main exporting markets. In addition, the decomposition of exports growth into intensive margin (persistent exports) and extensive margins (new exports) indicates that export growth at the extensive margin contributed significantly to overall non-copper export growth, and particularly in the first half of the period.
Educational Performance and Gaps in Chile: is there a Coverage bias? Andrea Gutiérrez E. / Ricardo D. Paredes The widespread educational coverage combined with a stagnant student performance in Chile, within the context of increased expenditure in education, is a true puzzle. One natural hypothesis is that the increase in coverage, as it progressively includes the more vulnerable groups, explains the stabilization of quality and the wider income-related gap. We explore the existence of a sample bias and we find an overestimation of performance of around one fifth of one standard deviation of the SIMCE test when measured by the average score instead of correcting by selection. We also find that the differential between the mean scores of total population and the educated population narrows as income increases. The consequence is that the mean underestimates the income-related educational gap—as measured by the ratio between the highest and lowest income quintiles— by around 10 percentage points. Finally—and unexpectedly—, we do not find that the increased coverage has resulted in an underestimation of the fall in real gaps over time.
Research Notes
Metas de Nivel de Precios y Metas de Inflación: Una Revisión de la Literatura Sofía Bauducco B. / Rodrigo Caputo G
Impacto de la Crisis Financiera Global del 2008-09: ¿Qué Explica las Diferencias de Crecimiento entre Países? Felipe Jaque S. / Alfredo Pistelli M
Books review
Left Behind: Latin America and the False Promise of Populism de Sebastián Edwards Gonzalo Reyes H.
La Era de la Productividad.Cómo Transformar las Economías desde sus Cimientos editado por Carmen Pagés José Miguel Benavente H.
Publications Review
Catastro de publicaciones recientes y Resúmenes de artículos seleccionados