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
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: 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
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