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dc.contributor.authorAgurto, Renato
dc.contributor.authorFuentes H., Fernando
dc.contributor.authorGarcía, Carlos J.
dc.contributor.authorSkoknic, Esteban
dc.date.accessioned2015-03-19T01:23:46Z
dc.date.available2015-03-19T01:23:46Z
dc.date.issued2013
dc.identifier.citationDocumentos de Investigación 290: 2013, p. 1-23es_CL
dc.identifier.urihttp://repositorio.uahurtado.cl/handle/11242/6646
dc.description.abstractThis article presents the hypothesis that exogenous shocks in the electricity market can affect the business cycle of the Chilean economy in the short and medium terms. The shocks are identified as the delays in power-generation investment that have characterized the sector in recent years. The delays are due to political decisions and the process of attaining environmental approvals by state agencies. A comparison of different scenarios reveals that after eight years, the country would lose the equivalent of one year of GDP growth, with a consequent reduction in private investment, domestic consumption, and job creation. This result highlights the importance of environmental and energy policy in reducing business cycle fluctuations.es_CL
dc.language.isoen_USes_CL
dc.publisherUniversidad Alberto Hurtado. Facultad de Economía y Negocioses_CL
dc.subjectBusiness Cyclees_CL
dc.subjectElectric Energyes_CL
dc.subjectBayesian Econometricses_CL
dc.subjectDSGE modelses_CL
dc.titlePower Generation and the Business Cycle: The Impact of Delaying Investmentes_CL
dc.typeArtículoes_CL


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