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Capital formation in machinery and industrialization. Chile 1844-1938

Cristián Ducoing

Economics Working Papers from Department of Economics and Business, Universitat Pompeu Fabra

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. (search for similar items in EconPapers)
JEL-codes: E22 L60 N16 N66 (search for similar items in EconPapers)
Date: 2011-09
New Economics Papers: this item is included in nep-his and nep-mac
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