Productive investment in Chile’s economic development: trend and challenges
This article reviews the trend of investment in Chile and its relationship with economic growth since the 1973 coup d’état; and it documents how investment remains the main growth driver. Notwithstanding that fact, innovation helps to mitigate diminishing returns from natural resources, while technology-intensive investment, such as broadband infrastructure, helps to diversify the production matrix. The article shows how a persistent increase in the investment ratio in 1990–1998 supported GDP growth of 7.1% per year; but since 1999 investment has wavered, and average growth dropped to below 4%. The article examines the macroeconomic environment and its real instability since 1999, along with investment in infrastructure, the quality of natural resources and environmental services; and it identifies challenges for boosting both investment and innovation, diversifying the production matrix and its agents, and moving towards inclusive growth.
| Main Authors: | , |
|---|---|
| Format: | Texto biblioteca |
| Language: | English |
| Published: |
2019-04-15
|
| Subjects: | INVERSIONES, CRECIMIENTO ECONOMICO, PRODUCTIVIDAD, MACROECONOMIA, FORMACION DE CAPITAL, RECURSOS NATURALES, DESARROLLO DE LOS RECURSOS NATURALES, INFRAESTRUCTURA FISICA, FOMENTO DE LAS INVERSIONES, INVESTMENTS, ECONOMIC GROWTH, PRODUCTIVITY, MACROECONOMICS, CAPITAL FORMATION, NATURAL RESOURCES, NATURAL RESOURCES DEVELOPMENT, PHYSICAL INFRASTRUCTURE, INVESTMENT PROMOTION, |
| Online Access: | https://hdl.handle.net/11362/44713 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|