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Dynamics of Investment and Growth in Developing Countries during the 1980s
This paper examines. in the context of an empirical model. the impact of capital flows. among other fundamentals, on long-term real exchange rates in Chile. The real exchange rate and its fundamentals, which can be characterized as integrated processes, are found to cointegrate in the 1960-92 per...
This paper studies three issues of the Chilean electricity regulation and their incidence in the energy crisis of 1998-99. Could the price mechanism manage the supply shortage without blackouts? Did the regulation provide incentives to invest in reserve capacity?, and what were the effects of lim...
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