Crecimiento y ciclos de la economía colombiana (2005 – 2019)
In 2005-19 Colombian economic growth was outstanding at the international level: GDP per worker increased 2.07% per year, equivalent to 36% in those 15 years. This was possible because total factor productivity (TFP) increased. This can be affirmed in view of the fact that capital stock, in the long...
- Autores:
-
Posada Posada, Carlos Esteban
- Tipo de recurso:
- Fecha de publicación:
- 2020
- Institución:
- Universidad EAFIT
- Repositorio:
- Repositorio EAFIT
- Idioma:
- spa
- OAI Identifier:
- oai:repository.eafit.edu.co:10784/17086
- Acceso en línea:
- http://hdl.handle.net/10784/17086
- Palabra clave:
- Long term GDP growth
potential (permanent) GDP
total factor productivity
capital stock
business cycles
statistical filters.
Crecimiento del PIB en el largo plazo
PIB potencial
productividad total de los factores
capital
ciclos económicos
filtros estadísticos.
- Rights
- License
- Acceso abierto
| Summary: | In 2005-19 Colombian economic growth was outstanding at the international level: GDP per worker increased 2.07% per year, equivalent to 36% in those 15 years. This was possible because total factor productivity (TFP) increased. This can be affirmed in view of the fact that capital stock, in the long term, is not an explanatory factor. What was worrying was the declining trend in the growth rate of TFP; in fact, it has stagnated in the last two years. Regarding to short run dynamics, Colombian business cycles depended on the United States´s cycles both directly and through the oil price. But the intensity of the Colombian cycles (their relative distance between peaks and troughs) was greater than the exhibited by American cycles. |
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