Did They Hurt Growth? A Synthetic Control Estimate of the Impact of 'Bachelet's Reforms'

16 Pages Posted: 9 Aug 2018 Last revised: 31 Aug 2022

See all articles by Ercio Munoz

Ercio Munoz

The World Bank; affiliation not provided to SSRN

Date Written: January 19, 2019

Abstract

This paper uses the synthetic control method to estimate the short-term impact on GDP of the reforms implemented between 2014 and 2017 in Chile by the government of President Michelle Bachelet.

I find a cumulative fall by the end of 2017 of 13% relative to the synthetic counterfactual. This result is robust to the use of a donor pool that includes economies for which primary commodities are relevant, as well as one that only includes OECD countries.

Keywords: Structural reforms, Tax reform, Control, Chile, GDP

JEL Classification: H0, E6

Suggested Citation

Munoz, Ercio, Did They Hurt Growth? A Synthetic Control Estimate of the Impact of 'Bachelet's Reforms' (January 19, 2019). Available at SSRN: https://ssrn.com/abstract=3216795 or http://dx.doi.org/10.2139/ssrn.3216795

Ercio Munoz (Contact Author)

The World Bank ( email )

1818 H Street NW
Washington, DC 20433
United States

affiliation not provided to SSRN

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