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
Date Written: November 22, 2014
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: Suggested Citation