World Development Vol. 36, No. 12 pp. 2679-2695 2008
es_ES
Identifier
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0305-750X
Identifier
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https://doi.org/10.1016/j.worlddev.2008.01.012
Identifier
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https://repositorio.uchile.cl/handle/2250/149863
Abstract
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Chile has been cited as a successful case of development. Relatively fast economic growth over almost two decades has been accompanied by a significant reduction in absolute poverty. However, persistent economic growth and a mostly pro-poor structure of public expenditures have not been sufficient to reduce inequality in one of the most unequal countries in the world. We show that the key factors explaining this persistent inequality have been a low level of fiscal expenditures caused by low tax revenues that have not permitted enough public investment in human capital and knowledge generation and diffusion.