Factor shares and growth accounting in colombia (1984-2005). A new growth accounting methodology

We provide three basic elements for the analysis of the economic growth in Colombia: In order to get the factor shares, we separate produced physical capital income from natural capital income and raw labor income from the human capital income. We find that the share of reproducible factors has an i...

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Fecha de publicación:
2010
Institución:
Universidad del Rosario
Repositorio:
Repositorio EdocUR - U. Rosario
Idioma:
eng
OAI Identifier:
oai:repository.urosario.edu.co:10336/23843
Acceso en línea:
https://repository.urosario.edu.co/handle/10336/23843
Palabra clave:
Biased tecchnological change
Factor shares
Growth accounting
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spelling b6b8023d-c99a-4a7c-b689-1d63377de15b-10d5654b6-639d-4fa1-b6b7-927a857ece1d-1ab21d83f-b49d-49dc-8faf-365b64658a58-115ef0ac9-cec4-4972-8b95-1c100d94430e-12020-05-26T00:05:57Z2020-05-26T00:05:57Z2010We provide three basic elements for the analysis of the economic growth in Colombia: In order to get the factor shares, we separate produced physical capital income from natural capital income and raw labor income from the human capital income. We find that the share of reproducible factors has an increasing trend (as suggested by biased innovations models). Second, given the non-stationarity of the factor shares, in order to compute the multifactorial productivity, we need to find correct measures of the factors. We use an empirical method to identify such measures and we apply it to Colombian data. Finally, using the new calculations, we perform an exercise of growth accounting. This procedure allows us to identify with more precision the behavior of total factor productivity.application/pdf1203584https://repository.urosario.edu.co/handle/10336/23843engUniversidad de los Andes, Facultad de Economia121No. 6571Desarrollo y SociedadDesarrollo y Sociedad, ISSN:1203584,No.65 (2010); pp. 71-121https://www.scopus.com/inward/record.uri?eid=2-s2.0-79952340219&partnerID=40&md5=5721e61df5f0208432d11bbba796e1a4Abierto (Texto Completo)http://purl.org/coar/access_right/c_abf2instname:Universidad del Rosarioreponame:Repositorio Institucional EdocURBiased tecchnological changeFactor sharesGrowth accountingFactor shares and growth accounting in colombia (1984-2005). A new growth accounting methodologyParticipación factorial y contabilidad del crecimiento económico en Colombia (1984-2005). Una propuesta de modificación del método de contabilidad del crecimientoarticleArtículohttp://purl.org/coar/version/c_970fb48d4fbd8a85http://purl.org/coar/resource_type/c_6501Zuleta H.Parada J.García A.Campo J.ORIGINALdys-65-3.pdfapplication/pdf823434https://repository.urosario.edu.co/bitstreams/980e567b-3aff-4fae-aeea-9579397cee04/download91004578facd289e5e83bcd429be6f33MD51TEXTdys-65-3.pdf.txtdys-65-3.pdf.txtExtracted texttext/plain101069https://repository.urosario.edu.co/bitstreams/f6e67649-7764-4718-bc10-5a7142956a42/download1504e5e4d8daf61d4fb27cca6f426978MD52THUMBNAILdys-65-3.pdf.jpgdys-65-3.pdf.jpgGenerated Thumbnailimage/jpeg3941https://repository.urosario.edu.co/bitstreams/0f2f36d3-9a05-4b7b-89a3-e3d6fd8cf595/download1e8dbf0f8be8fcac5f0f7c68034ccef5MD5310336/23843oai:repository.urosario.edu.co:10336/238432022-05-02 07:37:21.23266https://repository.urosario.edu.coRepositorio institucional EdocURedocur@urosario.edu.co
dc.title.spa.fl_str_mv Factor shares and growth accounting in colombia (1984-2005). A new growth accounting methodology
dc.title.TranslatedTitle.spa.fl_str_mv Participación factorial y contabilidad del crecimiento económico en Colombia (1984-2005). Una propuesta de modificación del método de contabilidad del crecimiento
title Factor shares and growth accounting in colombia (1984-2005). A new growth accounting methodology
spellingShingle Factor shares and growth accounting in colombia (1984-2005). A new growth accounting methodology
Biased tecchnological change
Factor shares
Growth accounting
title_short Factor shares and growth accounting in colombia (1984-2005). A new growth accounting methodology
title_full Factor shares and growth accounting in colombia (1984-2005). A new growth accounting methodology
title_fullStr Factor shares and growth accounting in colombia (1984-2005). A new growth accounting methodology
title_full_unstemmed Factor shares and growth accounting in colombia (1984-2005). A new growth accounting methodology
title_sort Factor shares and growth accounting in colombia (1984-2005). A new growth accounting methodology
dc.subject.keyword.spa.fl_str_mv Biased tecchnological change
Factor shares
Growth accounting
topic Biased tecchnological change
Factor shares
Growth accounting
description We provide three basic elements for the analysis of the economic growth in Colombia: In order to get the factor shares, we separate produced physical capital income from natural capital income and raw labor income from the human capital income. We find that the share of reproducible factors has an increasing trend (as suggested by biased innovations models). Second, given the non-stationarity of the factor shares, in order to compute the multifactorial productivity, we need to find correct measures of the factors. We use an empirical method to identify such measures and we apply it to Colombian data. Finally, using the new calculations, we perform an exercise of growth accounting. This procedure allows us to identify with more precision the behavior of total factor productivity.
publishDate 2010
dc.date.created.spa.fl_str_mv 2010
dc.date.accessioned.none.fl_str_mv 2020-05-26T00:05:57Z
dc.date.available.none.fl_str_mv 2020-05-26T00:05:57Z
dc.type.eng.fl_str_mv article
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dc.relation.citationEndPage.none.fl_str_mv 121
dc.relation.citationIssue.none.fl_str_mv No. 65
dc.relation.citationStartPage.none.fl_str_mv 71
dc.relation.citationTitle.none.fl_str_mv Desarrollo y Sociedad
dc.relation.ispartof.spa.fl_str_mv Desarrollo y Sociedad, ISSN:1203584,No.65 (2010); pp. 71-121
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dc.publisher.spa.fl_str_mv Universidad de los Andes, Facultad de Economia
institution Universidad del Rosario
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