Internal and External Factors Explaining Chilean Economic Activity

Acuña, Guillermo (2017): Internal and External Factors Explaining Chilean Economic Activity.

Abstract

The objective of this paper is to find which factors were the most important to explain the contraction of the economic activity in Chile during the last three years. The results show that: (1) the fall in the rate of growth of the economy is explained by external factors, like the end of the mining boom; (2) the subsequent and persistently low growth rates are explained by a combination of internal and external factors, where the internal factors were the most important.

• Item Type: MPRA Paper
• Language: English
• Keywords: business cycle, internal factors, external factors
• Subjects: E - Macroeconomics and Monetary Economics > E0 - General > E00 - General; E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E32 - Business Fluctuations ; Cycles

References

Elías Albagli y Emiliano Luttini (2015). Confianza, Incertidumbre e Inversión en Chile: Evidencia Macro y Micro de la Encuesta IMCE, Informe de Política Monetaria (IPOM) julio 2015.