Resumen
This paper studies the evolution of the Chilean economy in the late 19th and early 20th century, a period when the country's convergence with developed countries came to an end. We analyse this problem in the context of the modern literature on the middle-income trap. The social, political and economic history of Chile between 1875 and 1939 is examined and the presence of most of the factors associated with the middle-income trap is found. We complement this narrative through a quantitative analysis based on the synthetic control method and argue that the process of state-led industrialisation undertaken in the country leading to the formation of CORFO was a key economic and political event. Our work presents some general lessons for developing countries facing a similar context.
Idioma original | Inglés |
---|---|
Páginas (desde-hasta) | 5-33 |
Número de páginas | 29 |
Publicación | Revista de Historia Economica - Journal of Iberian and Latin American Economic History |
Volumen | 40 |
N.º | 1 |
DOI | |
Estado | Publicada - 2022 |
Publicado de forma externa | Sí |
Nota bibliográfica
Publisher Copyright:Copyright © The Author(s), 2020. Published by Cambridge University Press on behalf of Instituto Figuerola, Universidad Carlos III de Madrid.
Áreas temáticas de ASJC Scopus
- Historia
- Economía y econometría