Andrés Solimano - Academia.edu (original) (raw)

Papers by Andrés Solimano

This Element examines Chile's economic development over the past fifty years or so under the neol... more This Element examines Chile's economic development over the past fifty years or so under the neoliberal model in terms of its impacts on growth, inflation, income and wealth distribution, and structural change. The analysis includes a historical perspective from the nineteenth century to the present and combines economic analysis with a political economy approach. This title is also available as Open Access on Cambridge Core.

RePEc: Research Papers in Economics, Feb 1, 2005

This study has been prepared within the UNU-WIDER project on the International Mobility of Talent... more This study has been prepared within the UNU-WIDER project on the International Mobility of Talent. UNU-WIDER especially thanks ECLAC (United Nations Economic Commission for Latin America and the Caribbean, Santiago, Chile) for its vital cooperation on the coordination of the project. UNU-WIDER also gratefully acknowledges the financial contributions to its research programme by the governments of Denmark (Royal Ministry of Foreign Affairs), Finland (Ministry for Foreign Affairs), Norway (Royal Ministry of Foreign Affairs), Sweden (Swedish International Development Cooperation Agency-Sida) and the United Kingdom (Department for International Development).

RePEc: Research Papers in Economics, Oct 1, 2004

This document was prepared by Andrés Solimano, Regional Adviser of the Economic Development Divis... more This document was prepared by Andrés Solimano, Regional Adviser of the Economic Development División, Economic Commission for Latin America and the Caribbean. Paper prepared for the conference, Making Peace Work, Helsinki, June 4-5, 2004 organized by UNU-WIDER. Comments by Hernan Cortes-Douglas and Graciana del Castillo appreciated. Effective assistance by Claudio Aravena to the preparation of this paper is appreciated. The views expressed in this document, which has been reproduced without formal editing, are those of the author and do not necessarily reflect the views of the Organization.

RePEc: Research Papers in Economics, Nov 1, 2007

América Latina y el Caribe: Inmigrantes y emigrantes relativos a la población total, por países d... more América Latina y el Caribe: Inmigrantes y emigrantes relativos a la población total, por países de origen y residencia alrededor del año 2000.

Macroeconomía del Desarrollo, Aug 1, 2002

Bloomsbury Academic eBooks, 2013

This document was prepared by Andrés Solimano, Regional Adviser of the Economic Commission for La... more This document was prepared by Andrés Solimano, Regional Adviser of the Economic Commission for Latin America and the Caribbean. Very useful comments by Anthony B. Atkinson are greatly appreciated. Likewise comments received by participants at the workshop of the WIDER project "Innovative Sources for Development Finance", held in Helsinki, Finland, May 17-18, 2003. Efficient assistance by Claudio Aravena is greatly appreciated. The views expressed in this document, which has been reproduced without formal editing, are those of the author and do not necessarily reflect the views of the Organization.

Social Science Research Network, 2006

Revista de Economía Mundial

This paper examines several dimensions of inequality in the Latin American region focusing on top... more This paper examines several dimensions of inequality in the Latin American region focusing on top income shares and Gini coefficients, top wealth shares and the size wealth distribution. It compares inequality of income according to household surveys and income inequality using tax data showing the former tends to underestimate top shares and gini coefficients and therefore the extent of inequality. The social structure is assesed for economic elites, the middle class and the working poor.

Chile and the Neoliberal Trap

We thank participants at the May 2006 WIDER project meeting on Personal Assets from a Global Pers... more We thank participants at the May 2006 WIDER project meeting on Personal Assets from a Global Perspective for their valuable comments and suggestions. Special thanks are due to Tony Atkinson and Markus Jäntti. Responsibility for all errors or omissions is our own. Link to data Australia Australian Bureau of Statistics (2005). 5204.0

Policy Research Working Paper Series, 1992

No universally valid blueprint exists for how to reform an economy, but certain patterns have eme... more No universally valid blueprint exists for how to reform an economy, but certain patterns have emerged. This paper reviews alternative strategies for reform and their performance in mixed and post-socialist economies. Policy Research Working Papes disesninate the findings of work in progress and enourage the exchange of ideas arnog Bank staffand all others interested in development issues.Tnesepapers, distributed by theResearch Advisory Staff, carry thenames of the authors,reflect only theirviews,and shouldbeused and cited accordingly. The findings, interpretations, and conclusions aretheauthors'own. Theyshould not be attributed to the World Bank, its Board of Directors, its managerntet, or any of its member countries.

Note: Gathered data on income distribution is the closest to year 2000 available information. Det... more Note: Gathered data on income distribution is the closest to year 2000 available information. Details on the corresponding date for each country is available on request from the author. A.1. Description of variables Poor (Deciles 1 and 2): Data on deciles comes from the World Bank's World Development Indicators (WDI), version 2007, for selected years. Middle Class (Broad Definition, Deciles 3 to 9): Data on deciles comes from the World Bank's World Development Indicators (WDI), version 2007, for selected years. See the database in Annex C. Lower-Middle Class (Deciles 3 to 6): Data on deciles comes from the World Bank's World Development Indicators (WDI), version 2007, for selected years. Upper-Middle Class (Deciles 7 to 9): Data on deciles comes from the World Bank's World Development Indicators (WDI), version 2007, for selected years. Rich (Top Decile): Data on deciles comes from the World Bank's World Development Indicators (WDI), version 2007, for selected years.

The United Nations Research Institute for Social Development (UNRISD) is an autonomous agency eng... more The United Nations Research Institute for Social Development (UNRISD) is an autonomous agency engaging in multidisciplinary research on the social dimensions of contemporary problems affecting development. Its work is guided by the conviction that, for effective development policies to be formulated, an understanding of the social and political context is crucial. The Institute attempts to provide governments, development agencies, grassroots organizations and scholars with a better understanding of how development policies and processes of economic, social and environmental change affect different social groups. Working through an extensive network of national research centres, UNRISD aims to promote original research and strengthen research capacity in developing countries.

The author reviews recent literature on capital formation and economic reform and looks at the cy... more The author reviews recent literature on capital formation and economic reform and looks at the cycle of private investment that occurs during adjustment. He identifies three phases in the response of private investment to adjustment programs: initial contraction, a long pause, and sustained recovery. The empirical evidence from Chile, Mexico, and Thailand shows that the initial contraction lasts from one to two years and the pause for three to five years. Moreover, the length of the investment pause is longer for low-income countries such as Bolivia and Ghana. Also, the cycle of public investment is of greater amplitude than the cycle of private investment. In characterizing the cycles of investment, the author assesses the role of such factors as demand restraint, currency depreciation, the value of waiting, credibility failures, and the lack of supportive infrastructure.

The recovery of the Chilean economy since the mid 1980s, has certainly been successful in macroec... more The recovery of the Chilean economy since the mid 1980s, has certainly been successful in macroeconomic terms. In fact, the restoration of growth and the correction of external imbalances after the severe economic crises of 1982 -83 has taken place in a macroeconomic environment of moderate inflation, without major fiscal imbalances, exports have expanded significantly and foreign debt burden indicators have improved. However, distributive and poverty related indicators point to pending problems. The major challenge, therefore, is to maintain sustainable rates of economic growth, address the social issues of poverty reduction and improve income distribution patterns, while preserving macroeconomic and financial stability. The paper is organized as follows : Section I is an introduction. Section II presents a formal macroeconomic model that identifies major constraints ( external, savings and fiscal ) that shape the scope for growth. In Section III the model is numerically calibrated...

Time and value are related concepts that influence human behaviour. Although classical topics in ... more Time and value are related concepts that influence human behaviour. Although classical topics in human thinking throughout the ages, few environmental economic non-market valuation studies have attempted to link the two concepts. Economists have estimated non-market environmental values in monetary terms for over 30 years. This history of valuation provides an opportunity to compare value estimates and how valuation techniques have changed over time. This research aims to compare value estimates of benefits of a protected natural area. In 1978, Nadgee Nature Reserve on the far south coast of New South Wales was the focus of the first application of the contingent valuation method in Australia. This research aims to replicate that study using both the original 1978 contingent valuation method questionnaire and sampling technique, as well as state of the art non-market valuation tools. This replication will provide insights into the extent and direction of changes in environmental val...

The Role of Elites in Economic Development, 2012

Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch ge... more Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in EconStor may be saved and copied for your personal and scholarly purposes. You are not to copy documents for public or commercial purposes, to exhibit the documents publicly, to make them publicly available on the internet, or to distribute or otherwise use the documents in public. If the documents have been made available under an Open Content Licence (especially Creative Commons Licences), you may exercise further usage rights as specified in the indicated licence.

WIDER Working Paper, 2019

This study has been prepared within the UNU-WIDER project Developer's dilemma-structural transfor... more This study has been prepared within the UNU-WIDER project Developer's dilemma-structural transformation, inequality dynamics, and inclusive growth.

This Element examines Chile's economic development over the past fifty years or so under the neol... more This Element examines Chile's economic development over the past fifty years or so under the neoliberal model in terms of its impacts on growth, inflation, income and wealth distribution, and structural change. The analysis includes a historical perspective from the nineteenth century to the present and combines economic analysis with a political economy approach. This title is also available as Open Access on Cambridge Core.

RePEc: Research Papers in Economics, Feb 1, 2005

This study has been prepared within the UNU-WIDER project on the International Mobility of Talent... more This study has been prepared within the UNU-WIDER project on the International Mobility of Talent. UNU-WIDER especially thanks ECLAC (United Nations Economic Commission for Latin America and the Caribbean, Santiago, Chile) for its vital cooperation on the coordination of the project. UNU-WIDER also gratefully acknowledges the financial contributions to its research programme by the governments of Denmark (Royal Ministry of Foreign Affairs), Finland (Ministry for Foreign Affairs), Norway (Royal Ministry of Foreign Affairs), Sweden (Swedish International Development Cooperation Agency-Sida) and the United Kingdom (Department for International Development).

RePEc: Research Papers in Economics, Oct 1, 2004

This document was prepared by Andrés Solimano, Regional Adviser of the Economic Development Divis... more This document was prepared by Andrés Solimano, Regional Adviser of the Economic Development División, Economic Commission for Latin America and the Caribbean. Paper prepared for the conference, Making Peace Work, Helsinki, June 4-5, 2004 organized by UNU-WIDER. Comments by Hernan Cortes-Douglas and Graciana del Castillo appreciated. Effective assistance by Claudio Aravena to the preparation of this paper is appreciated. The views expressed in this document, which has been reproduced without formal editing, are those of the author and do not necessarily reflect the views of the Organization.

RePEc: Research Papers in Economics, Nov 1, 2007

América Latina y el Caribe: Inmigrantes y emigrantes relativos a la población total, por países d... more América Latina y el Caribe: Inmigrantes y emigrantes relativos a la población total, por países de origen y residencia alrededor del año 2000.

Macroeconomía del Desarrollo, Aug 1, 2002

Bloomsbury Academic eBooks, 2013

This document was prepared by Andrés Solimano, Regional Adviser of the Economic Commission for La... more This document was prepared by Andrés Solimano, Regional Adviser of the Economic Commission for Latin America and the Caribbean. Very useful comments by Anthony B. Atkinson are greatly appreciated. Likewise comments received by participants at the workshop of the WIDER project "Innovative Sources for Development Finance", held in Helsinki, Finland, May 17-18, 2003. Efficient assistance by Claudio Aravena is greatly appreciated. The views expressed in this document, which has been reproduced without formal editing, are those of the author and do not necessarily reflect the views of the Organization.

Social Science Research Network, 2006

Revista de Economía Mundial

This paper examines several dimensions of inequality in the Latin American region focusing on top... more This paper examines several dimensions of inequality in the Latin American region focusing on top income shares and Gini coefficients, top wealth shares and the size wealth distribution. It compares inequality of income according to household surveys and income inequality using tax data showing the former tends to underestimate top shares and gini coefficients and therefore the extent of inequality. The social structure is assesed for economic elites, the middle class and the working poor.

Chile and the Neoliberal Trap

We thank participants at the May 2006 WIDER project meeting on Personal Assets from a Global Pers... more We thank participants at the May 2006 WIDER project meeting on Personal Assets from a Global Perspective for their valuable comments and suggestions. Special thanks are due to Tony Atkinson and Markus Jäntti. Responsibility for all errors or omissions is our own. Link to data Australia Australian Bureau of Statistics (2005). 5204.0

Policy Research Working Paper Series, 1992

No universally valid blueprint exists for how to reform an economy, but certain patterns have eme... more No universally valid blueprint exists for how to reform an economy, but certain patterns have emerged. This paper reviews alternative strategies for reform and their performance in mixed and post-socialist economies. Policy Research Working Papes disesninate the findings of work in progress and enourage the exchange of ideas arnog Bank staffand all others interested in development issues.Tnesepapers, distributed by theResearch Advisory Staff, carry thenames of the authors,reflect only theirviews,and shouldbeused and cited accordingly. The findings, interpretations, and conclusions aretheauthors'own. Theyshould not be attributed to the World Bank, its Board of Directors, its managerntet, or any of its member countries.

Note: Gathered data on income distribution is the closest to year 2000 available information. Det... more Note: Gathered data on income distribution is the closest to year 2000 available information. Details on the corresponding date for each country is available on request from the author. A.1. Description of variables Poor (Deciles 1 and 2): Data on deciles comes from the World Bank's World Development Indicators (WDI), version 2007, for selected years. Middle Class (Broad Definition, Deciles 3 to 9): Data on deciles comes from the World Bank's World Development Indicators (WDI), version 2007, for selected years. See the database in Annex C. Lower-Middle Class (Deciles 3 to 6): Data on deciles comes from the World Bank's World Development Indicators (WDI), version 2007, for selected years. Upper-Middle Class (Deciles 7 to 9): Data on deciles comes from the World Bank's World Development Indicators (WDI), version 2007, for selected years. Rich (Top Decile): Data on deciles comes from the World Bank's World Development Indicators (WDI), version 2007, for selected years.

The United Nations Research Institute for Social Development (UNRISD) is an autonomous agency eng... more The United Nations Research Institute for Social Development (UNRISD) is an autonomous agency engaging in multidisciplinary research on the social dimensions of contemporary problems affecting development. Its work is guided by the conviction that, for effective development policies to be formulated, an understanding of the social and political context is crucial. The Institute attempts to provide governments, development agencies, grassroots organizations and scholars with a better understanding of how development policies and processes of economic, social and environmental change affect different social groups. Working through an extensive network of national research centres, UNRISD aims to promote original research and strengthen research capacity in developing countries.

The author reviews recent literature on capital formation and economic reform and looks at the cy... more The author reviews recent literature on capital formation and economic reform and looks at the cycle of private investment that occurs during adjustment. He identifies three phases in the response of private investment to adjustment programs: initial contraction, a long pause, and sustained recovery. The empirical evidence from Chile, Mexico, and Thailand shows that the initial contraction lasts from one to two years and the pause for three to five years. Moreover, the length of the investment pause is longer for low-income countries such as Bolivia and Ghana. Also, the cycle of public investment is of greater amplitude than the cycle of private investment. In characterizing the cycles of investment, the author assesses the role of such factors as demand restraint, currency depreciation, the value of waiting, credibility failures, and the lack of supportive infrastructure.

The recovery of the Chilean economy since the mid 1980s, has certainly been successful in macroec... more The recovery of the Chilean economy since the mid 1980s, has certainly been successful in macroeconomic terms. In fact, the restoration of growth and the correction of external imbalances after the severe economic crises of 1982 -83 has taken place in a macroeconomic environment of moderate inflation, without major fiscal imbalances, exports have expanded significantly and foreign debt burden indicators have improved. However, distributive and poverty related indicators point to pending problems. The major challenge, therefore, is to maintain sustainable rates of economic growth, address the social issues of poverty reduction and improve income distribution patterns, while preserving macroeconomic and financial stability. The paper is organized as follows : Section I is an introduction. Section II presents a formal macroeconomic model that identifies major constraints ( external, savings and fiscal ) that shape the scope for growth. In Section III the model is numerically calibrated...

Time and value are related concepts that influence human behaviour. Although classical topics in ... more Time and value are related concepts that influence human behaviour. Although classical topics in human thinking throughout the ages, few environmental economic non-market valuation studies have attempted to link the two concepts. Economists have estimated non-market environmental values in monetary terms for over 30 years. This history of valuation provides an opportunity to compare value estimates and how valuation techniques have changed over time. This research aims to compare value estimates of benefits of a protected natural area. In 1978, Nadgee Nature Reserve on the far south coast of New South Wales was the focus of the first application of the contingent valuation method in Australia. This research aims to replicate that study using both the original 1978 contingent valuation method questionnaire and sampling technique, as well as state of the art non-market valuation tools. This replication will provide insights into the extent and direction of changes in environmental val...

The Role of Elites in Economic Development, 2012

Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch ge... more Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in EconStor may be saved and copied for your personal and scholarly purposes. You are not to copy documents for public or commercial purposes, to exhibit the documents publicly, to make them publicly available on the internet, or to distribute or otherwise use the documents in public. If the documents have been made available under an Open Content Licence (especially Creative Commons Licences), you may exercise further usage rights as specified in the indicated licence.

WIDER Working Paper, 2019

This study has been prepared within the UNU-WIDER project Developer's dilemma-structural transfor... more This study has been prepared within the UNU-WIDER project Developer's dilemma-structural transformation, inequality dynamics, and inclusive growth.

The paper examines the introduction of cryptocurrencies, their technological underpinnings, provi... more The paper examines the introduction of cryptocurrencies, their technological underpinnings, provide data on Bitcoin prices and show speculative booms and busts in Bitcoin price behavior. Cryptocurrencies are examined into the broader framework of comparative monetary systems, including fiat-money and commodity- based money showing digital currencies have elements of both systems.

The purpose of this paper is to examine the challenges for global development posed by the evolvi... more The purpose of this paper is to examine the challenges for global development posed by the evolving nature of international migration affected by crises and stagnation in the global north, cyclical growth adjustment in the global south, the rise of talent migration and the onset of refugee crises driven by geopolitical and internal conflicts in various parts of the world.

This paper examines data on income distribution and wealth distribution for the Latin American re... more This paper examines data on income distribution and wealth distribution for the Latin American region and reviews new studies of inequality that provide revised top income shares and recalculated Gini coefficients using income tax-based data. The new empirical evidence challenges claims that income distribution has improved in the 2000s and early 2010s in Latin America. The paper also analyzes the social structure in terms of economics elites, the middle class and the working poor.

Art is a product of human creativity and a mean to express inner feelings and beauty. It is infl... more Art is a product of human creativity and a mean to express inner feelings and beauty. It is influenced by technological revolutions, financial trends and political and cultural upheavals. In addition, there is also a permanent tensions between the dimension of art open to the citizenship at large (the “masses”) through public exhibitions and art as an investment asset and an object of private collection. The paper explores these dilemas and analyzes main features of the art market regarding price determination, transaction costs, liquidity, segmentation, sensitivity to macroeconomic and financial cycles and growing internationalization. We examine the behavior of art prices in 1998-2018, a period that includes cycles of boom, crash (2008-09) and recovery and compare with the path of stock market prices and gold prices over the same period. The extent art could be a “safe-haven asset”, that preserves value in recessions is examined through : (i) the behavior of gold prices during three main slumps of the last 90 years: the great depression of the 1930s, the stagflation of the 1970s and the global financial crisis of the late 2000s and (ii) correlation analysis between art prices and stock, oil, gold and bitcoin prices. The aggregate evidence is mixed on the counter-cyclical quality of art.

Art is a product of human creativity and a mean to express inner feelings and beauty. It is infl... more Art is a product of human creativity and a mean to express inner feelings and beauty. It is influenced by technological revolutions, financial trends and political and cultural upheavals. There is also a permanent tension between art open to the citizenship at large (the “masses”) through public exhibitions and art as an investment asset and an object of private collection.This paper examines these dilemmas and explore main determinants of art prices along with transaction costs and liquidity issues, the sensitivity of the art market’s sales to overall macroeconomic cycles, market segmentation and concentration with large galleries and auction houses accounting for the bulk of sales of high-priced artwork. The paper underscores the importance of wealth inequality in shaping the upper-end of the art market and documents the growing internationalization of the art market. It studies the behavior of art prices in 1998-2018, a period that includes cycles of boom, crash (2008-09) and recovery and compare it with the path of stock market prices and gold prices over the same period. To explore the extent artwork is a pro-cyclical or a counter-cyclical (“safe-haven”) asset that preserves value in recessions we study: (i) the behavior of gold prices during three main slumps of the last 90 years: the great depression of the 1930s, the stagflation of the 1970s and the global financial crisis of the late 2000s and (ii) correlation analysis between art prices and stock, oil, gold and bitcoin prices. The aggregate evidence is mixed on the safe-haven quality of art.