Relatioship between 1980s Crisis and Structural Change in Chile

The research of economic crises had their renaissance after 2008-2009 but many economists are still studying the topic even today. Most of the studies focus on the analyses of crisis symptoms and subsequent economic processes, in many cases examining only one country at a time. Just a few of them undertake long-term time series analysis or the analysis of a region. This research examines more regions dating back to the 60s and problems are emphasized on the structure of economy. One of the stages of my investigation is the South- American countries, which have already experienced crisis or crises in the 70s, 80s and 90s thus providing enough facilities to analyze certain relations between the transformations of economic structure and crises. In this short essay I present my results about the economy of Chile between 1960-1985 emphasizing the crisis in 1974-1975 and in 1982. According to this result I established that in each period structural changes were followed by crises. However structural changes (structural distortions) were not the natural concomitants of the economic growth but the side effect of the changes in economic policies.