IMF Working Papers Volume 1998 Issue 058: Competitiveness and the Evolution of the Real Exchange Rate in Chile (1998)

Jump to Content Jump to Main Navigation

Competitiveness and the Evolution of the Real Exchange Rate in Chile

Author:

Ms. Martine Guerguil

Ms. Martine Guerguil
Search for other papers by Ms. Martine Guerguil in
Current site
Google Scholar

and

Mr. Martin D Kaufman

Mr. Martin D Kaufman
Search for other papers by Mr. Martin D Kaufman in
Current site
Google Scholar

Series:: IMF Working Papers

Volume/Issue:: Volume 1998: Issue 058

Language:: English

Publication Date:: 01 Apr 1998

DOI:: https://doi.org/10.5089/9781451847833.001

ISBN:: 9781451847833

ISSN:: 1018-5941

Pages:: 27

Keywords:: WP; exchange rate; appreciation; market share; competitiveness; Chile; productivity; Balassa effect; productivity gain; RER appreciation; factor endowment; appreciation effect; export market shares; competitiveness indicator; Exports; Real effective exchange rates; Competition; Currencies; export share; unit Labor; decreasing returns; Real exchange rates; Exchange rates; Caribbean

Legal-disclaimer:: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Series:: IMF Working Papers

Volume/Issue:: Volume 1998: Issue 058

Language:: English

Publication Date:: 01 Apr 1998

DOI:: https://doi.org/10.5089/9781451847833.001

ISBN:: 9781451847833

ISSN:: 1018-5941

Pages:: 27

Keywords:: WP; exchange rate; appreciation; market share; competitiveness; Chile; productivity; Balassa effect; productivity gain; RER appreciation; factor endowment; appreciation effect; export market shares; competitiveness indicator; Exports; Real effective exchange rates; Competition; Currencies; export share; unit Labor; decreasing returns; Real exchange rates; Exchange rates; Caribbean

Legal-disclaimer:: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Download PDF (425.7 KB) Download Epub

This paper reviews the evolution of certain price and nonprice competitiveness indicators in Chile and concludes that the pecuniary loss of competitiveness associated with the appreciation of the peso since the late 1980s has been broadly offset by productivity gains and adjustments in factor intensity, particularly in the manufacturing sector. However, there may be limited room for further advances from that point, which gives new prominence to certain policy issues such as structural reforms to increase productivity, a reassessment of the tax treatment of the mining sector, and a rebalancing of the macroeconomic policy mix to dampen speculative capital inflows.

Save
Email this content

Share Link

Copy this link, or click below to email it to a friend
Email this content
or copy the link directly:

https://www.elibrary.imf.org/view/journals/001/1998/058/001.1998.issue-058-en.xml
The link was not copied. Your current browser may not support copying via this button.

Link copied successfully

Collapse
Expand

IMF Working Papers

ISSN:: 1018-5941

Publisher:: International Monetary Fund

Topics

Countries

Series

About

Resources

Share Link

Metrics

Foresee