This book explores the macroeconomic changes in Chilean economics, complementing this with detailed sectoral evaluation and an analysis of the impacts at regional level. Evidence suggests a need to explore the degree to which economic development has or has not contributed to reducing disparities in level of welfare across the country.

This book provides a state-of-the-art account of developments and applications of social accounts, a technique for modeling national and regional economies. The contributors address issues of new formulation of social accounts, of applications in economics and demography, and of specification at both national and regional levels. Relationships between social accounts models and computable general equilibrium models of national and regional economies are explored, and interregional considerations are addressed.

This book addresses a diverse set of challenges facing Latin American economies. These range from the role of neo-liberal policies, deficit targeting, import substitution, role of institutions, trade and regional development and human capital and poverty.

In 1989, after several years of discussion and negotiation, the Regional Econornics Applications Laboratory (REAL) was formed. This unique relationship between the Federal Reserve Bank of Chicago and the University of Illinois at Urbana-Champaign has been a significant source of intellectual inspiration for many students, visiting colleagues and members of the participating institutions for the past decade. The idea for REAL was hatched by Philip Israilevich and Geoffrey Hewings in typical Chicago style - in the back room of a local bar. In early December 1997, their collaboration came to an...