Department of Economics and Business - Universitat Pompeu Fabra

Title:: Capital formation in machinery and industrialization. Chile 1844-1938
Author:: Cristián Ducoing
Date:: September 2011
Abstract:: The present paper revisits an old theme in Latin American and Chilean economic history; the early industrialization in the XIX - XX centuries. The difference with previous approaches is the elaboration of new quantitative series of Chilean machinery investment in the long run and its relative prices and composition, in the period when some authors have sited the beginning of the industrialization in the continent. Initial findings, based on the participation of capital formation in machinery imports and GDP, do not reinforce the idea of early industrialization in Chile.
Keywords:: industrialization; capital formation; machinery; Chile.
JEL codes:: E22; L60; N16; N66; 014
Area of Research:: Economic and Business History

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