The Fall in Copper Prices: An Early Financial Squeeze for All Chileans

Abstract

Chile's mining sector has played a prominent role in the country's economic development in recent decades, delivering substantial rates of investment and growth. Yet, although this fact appears self-evident, there are few studies on the actual impact of mining on growth and on the other macroeconomic variables that circumscribe such growth. Measuring this impact precisely is essential at a time when the price has fallen dramatically, by 17% (comparing the 2014 average with February 2015). Continue reading...