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Regional Economic Performance: A Dynamic Analysis For The Chilean Case In The Period 1960-2009

Juan Gabriel Brida,Silvia London,Mara Leticia Rojas-RePEc: Research Papers in Economics
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TL;DRAbstract

Between 1985 and 1998, the growth rate of Chile was among the top four in the world (Massad, 2002, Gallego and Loayza, 2002) showing, moreover, a very heterogeneous behavior at regional level. The objective of this paper is to analyze how dissimilar are the economic performance of Chilean regions in recent decades (1960-2009) in relation to the economic policies implemented. A methodology of clustering analysis based on the study of dynamic regimes is used to study the convergence/divergence of the behavior of regions.

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Between 1985 and 1998, the growth rate of Chile was among the top four in the world (Massad, 2002, Gallego and Loayza, 2002) showing, moreover, a very heterogeneous behavior at regional level. The objective of this paper is to analyze how dissimilar are the economic performance of Chilean regions in recent decades (1960-2009) in relation to the economic policies implemented. A methodology of clustering analysis based on the study of dynamic regimes is used to study the convergence/divergence of the behavior of regions.

Keywords

Convergence (economics)Divergence (linguistics)Period (music)GeographyEconomic geographyRegional scienceRelation (database)Cluster analysis

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