The Long Run Development of Chile and the Natural Resources Curse. Linkages, Policy and Growth, 1850-1950

UB Economics Working Papers E14/318

21 Pages Posted: 19 Dec 2014

See all articles by Marc Badia-Miro

Marc Badia-Miro

University of Barcelona - Faculty of Economic Science and Business Studies

Cristián A. Ducoing

Universidad de Valparaiso

Date Written: November 22, 2014

Abstract

This chapter analyses the effects of Natural Resources on the Chilean economy in the long run (1850-1950). Specifically, the authors focus their attention on the mining cycles (nitrates and copper) and their impact on the mining activity. We also compare it with the evolution of the industry and whole economy, and how this has affected the economic growth of the country. In that sense, the industrial performance in Chile at the end of the 19th century until the Great Depression is still under debate. The optimistic view of Kirsch (1977) forehead the pessimistic view of Lagos (1966) and Palma (1979). The new data and its analyses shows a neutral effect of the Natural Resources in the industrial development.

Keywords: Natural Resources, Dutch Disease, Chile, Industrialization

JEL Classification: N56, Q33, Q37

Suggested Citation

Badia-Miro, Marc and Ducoing, Cristián A., The Long Run Development of Chile and the Natural Resources Curse. Linkages, Policy and Growth, 1850-1950 (November 22, 2014). UB Economics Working Papers E14/318, Available at SSRN: https://ssrn.com/abstract=2539023 or http://dx.doi.org/10.2139/ssrn.2539023

Marc Badia-Miro (Contact Author)

University of Barcelona - Faculty of Economic Science and Business Studies ( email )

Barcelona
Spain

Cristián A. Ducoing

Universidad de Valparaiso ( email )

Avenida Errazuriz 210
Valparaiso, Quinta Región de Valparaíso
Chile

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