Could the Colombian economy grow faster? How it would be possible?

This paper presents an economic growth model based on the positive externalities generated by the accumulations of physical and human capital. Such externalities imply, at the macroeconomic level, increasing returns to scale. The model helps to better understand the Colombian economic growth process...

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Autores:
Posada Posada, Carlos Esteban
Tipo de recurso:
Fecha de publicación:
2021
Institución:
Universidad EAFIT
Repositorio:
Repositorio EAFIT
Idioma:
eng
OAI Identifier:
oai:repository.eafit.edu.co:10784/30456
Acceso en línea:
http://hdl.handle.net/10784/30456
Palabra clave:
Economic growth
externalities
increasing returns to scale
human capital
production function
growth accounting
Rights
License
Acceso abierto
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spelling Medellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degrees2021-10-21T22:14:48Z2021-10-172021-10-21T22:14:48Zhttp://hdl.handle.net/10784/30456O11O33O41O47O54This paper presents an economic growth model based on the positive externalities generated by the accumulations of physical and human capital. Such externalities imply, at the macroeconomic level, increasing returns to scale. The model helps to better understand the Colombian economic growth process from 2005-2019, and make conditional forecasts. One of the big obstacles in Colombia to have higher growth rates of the per capita product in the long term is everything that is slowing down a higher human capital growth rate and a greater creation of externalities derived from human capital, that is, everything that is hindering improvements in coverage and quality of the educational process.engUniversidad EAFITEscuela de Economía y FinanzasCould the Colombian economy grow faster? How it would be possible?workingPaperinfo:eu-repo/semantics/workingPaperDocumento de trabajo de investigacióndrafthttp://purl.org/coar/version/c_b1a7d7d4d402bccehttp://purl.org/coar/resource_type/c_8042Acceso abiertohttp://purl.org/coar/access_right/c_abf2Economic growthexternalitiesincreasing returns to scalehuman capitalproduction functiongrowth accountingPosada Posada, Carlos EstebanUniversidad EAFITLICENSElicense.txtlicense.txttext/plain; charset=utf-82556https://repository.eafit.edu.co/bitstreams/6025f997-4797-404c-8feb-6a71596ee2c4/download76025f86b095439b7ac65b367055d40cMD51ORIGINALWP-2021-10-Carlos Posada.pdfWP-2021-10-Carlos Posada.pdfapplication/pdf1464160https://repository.eafit.edu.co/bitstreams/bf7227d3-49da-48a3-8ace-dc2a58257e60/download091e313f970a6512833bea9e8a469929MD5210784/30456oai:repository.eafit.edu.co:10784/304562024-03-05 14:06:02.324open.accesshttps://repository.eafit.edu.coRepositorio Institucional Universidad EAFITrepositorio@eafit.edu.co
dc.title.eng.fl_str_mv Could the Colombian economy grow faster? How it would be possible?
title Could the Colombian economy grow faster? How it would be possible?
spellingShingle Could the Colombian economy grow faster? How it would be possible?
Economic growth
externalities
increasing returns to scale
human capital
production function
growth accounting
title_short Could the Colombian economy grow faster? How it would be possible?
title_full Could the Colombian economy grow faster? How it would be possible?
title_fullStr Could the Colombian economy grow faster? How it would be possible?
title_full_unstemmed Could the Colombian economy grow faster? How it would be possible?
title_sort Could the Colombian economy grow faster? How it would be possible?
dc.creator.fl_str_mv Posada Posada, Carlos Esteban
dc.contributor.author.none.fl_str_mv Posada Posada, Carlos Esteban
dc.contributor.affiliation.spa.fl_str_mv Universidad EAFIT
dc.subject.keyword.spa.fl_str_mv Economic growth
externalities
increasing returns to scale
human capital
production function
growth accounting
topic Economic growth
externalities
increasing returns to scale
human capital
production function
growth accounting
description This paper presents an economic growth model based on the positive externalities generated by the accumulations of physical and human capital. Such externalities imply, at the macroeconomic level, increasing returns to scale. The model helps to better understand the Colombian economic growth process from 2005-2019, and make conditional forecasts. One of the big obstacles in Colombia to have higher growth rates of the per capita product in the long term is everything that is slowing down a higher human capital growth rate and a greater creation of externalities derived from human capital, that is, everything that is hindering improvements in coverage and quality of the educational process.
publishDate 2021
dc.date.available.none.fl_str_mv 2021-10-21T22:14:48Z
dc.date.issued.none.fl_str_mv 2021-10-17
dc.date.accessioned.none.fl_str_mv 2021-10-21T22:14:48Z
dc.type.eng.fl_str_mv workingPaper
info:eu-repo/semantics/workingPaper
dc.type.coarversion.fl_str_mv http://purl.org/coar/version/c_b1a7d7d4d402bcce
dc.type.coar.fl_str_mv http://purl.org/coar/resource_type/c_8042
dc.type.local.spa.fl_str_mv Documento de trabajo de investigación
dc.type.hasVersion.eng.fl_str_mv draft
dc.identifier.uri.none.fl_str_mv http://hdl.handle.net/10784/30456
dc.identifier.jel.none.fl_str_mv O11
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url http://hdl.handle.net/10784/30456
identifier_str_mv O11
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dc.language.iso.eng.fl_str_mv eng
language eng
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dc.rights.local.spa.fl_str_mv Acceso abierto
rights_invalid_str_mv Acceso abierto
http://purl.org/coar/access_right/c_abf2
dc.coverage.spatial.eng.fl_str_mv Medellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degrees
dc.publisher.spa.fl_str_mv Universidad EAFIT
dc.publisher.department.spa.fl_str_mv Escuela de Economía y Finanzas
institution Universidad EAFIT
bitstream.url.fl_str_mv https://repository.eafit.edu.co/bitstreams/6025f997-4797-404c-8feb-6a71596ee2c4/download
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repository.name.fl_str_mv Repositorio Institucional Universidad EAFIT
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