The economic models in historical studies through the explanation of the Chilean “economic miracle” from the point of view of the neoclassical Solow-Swan model.
This article addresses the use of economic models in historical studies through the explanation of the Chilean “economic miracle” from the point of view of the neoclassical Solow-Swan model. This model was created in the second half of the 20th century. and has had a significant impact on the further development of macroeconomics and the study of developing economies. It has been used in studies of Japanese and Korean economic wonders, and so the Solow-Swan model may seem relevant for the analysis of similar socio-economic phenomena. The interdisci-plinary approach in contemporary historical science has been actively applied in many studies analysing socio-economic processes at different periods of human history, but not all methodology used in other sciences, turns out to be relevant to the subject of historical research. This article is intended to show that not all theoretical economic models, even if they are fundamental and scientifically relevant, can be universally applicable. The experience of the Chilean economic miracle was chosen as the best example of a successful transition from the import substitution model, which was most common in the post-war period in the Latin American countries, towards a neo-liberal model of economic development.