Abstract

SERRA, Giuseppe. GROWTH AND DEVELOPMENT IN CHILE: PRODUCTIVITY, WAGES AND TAX PACT. rev. econ. Caribe [online]. 2011, n.7, pp.77-116. ISSN 2011-2106.

With the advent of democracy since the late 1990s, the Chilean economy has experienced a sustained growth, comparable only with the levels achieved during the development period , resulted in an average growth rate of 5.5 per cent of the GDP between 1990 and 2007. However, it has not been possible to reduce the excessive level of inequality and ensure a better standard of living. The central mes-sage of this research is that economic and social inequalities in Chile lie in its huge productive heterogeneity, due to the presence of highly productive economic sectors, which generate the greater part of the national GDP and employ a very small percentage of the population. As a recommendation, it is proposed to create a new fiscal pact and have appropriate institutions.

Keywords : Economic development; productivity; wages; Fiscal Pact.

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