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The
Chilean agricultural transformation during the second half of
the twentieth century: A story of institutional change
Antonio Saravia
October 2008
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.
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