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Title:The Chilean agricultural transformation during the second half of the twentieth century: A story of institutional change PDF Logo
Authors:Saravia, Antonio
Issue Date:2008
Series/Report no.:Development Research Working Paper Series 2008/08
Abstract:The second half of the twentieth century witnessed a dramatic transformation of the Chilean agricultural sector. From accounting for only five percent of the value of Chile's total exports in the late 1960s, agricultural exports grew to account for more than 30 percent of this value in the mid 1990s. Using a modified neoclassical growth formulation, we show that the transformation of the Chilean agricultural sector can be associated with institutional changes or modifications to the sector's basic functioning structure. In particular, our historical review shows that changes in the definition of property rights over land, caused by the Chilean agrarian reform first and the general economic reform later, seem to have greatly caused the changes in the sector's levels of investment and production.
Subjects:Institutional Economics
Property Rights
Land Tenure
Agricultural
Economics
Chile
JEL:N56
O13
Q11
Q15
Document Type:Working Paper
Appears in Collections:Development Research Working Paper Series, Institute for Advanced Development Studies (INESAD)

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