Econometric analysis of the industrial growth determinants in Colombia

An econometric study is carried out using a panel data model with fixed effects to identify the industrial development determinants in Colombia during the term 2005–2015. The database used in the study corresponds to World Bank and the Colombian state. The determinants of industrial growth identifie...

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Autores:
Henao Rodriguez, Carolina
Lis Gutierrez, Jenny Paola
Gaitan, Mercedes
Malagón, Luz Elena
Viloria Silva, Amelec Jesus
Tipo de recurso:
http://purl.org/coar/resource_type/c_f744
Fecha de publicación:
2018
Institución:
Corporación Universidad de la Costa
Repositorio:
REDICUC - Repositorio CUC
Idioma:
eng
OAI Identifier:
oai:repositorio.cuc.edu.co:11323/1620
Acceso en línea:
https://hdl.handle.net/11323/1620
https://repositorio.cuc.edu.co/
Palabra clave:
Colombia
Database world bank
Economic growth
Industrial structure
Industry
Panel data
Rights
openAccess
License
Atribución – No comercial – Compartir igual
Description
Summary:An econometric study is carried out using a panel data model with fixed effects to identify the industrial development determinants in Colombia during the term 2005–2015. The database used in the study corresponds to World Bank and the Colombian state. The determinants of industrial growth identified at the theoretical level that allow the enhancement of productive capacities to face foreign competition in Colombia are: innovation; networks of innovations and knowledge among companies and organizations; the interest rate; the capital-product ratio, the unit labor cost; and the exchange rate. The amount invested in scientific, technological and innovation activities by industrial group is the only variable that is not significant in the model.