The Uncertain Colombian Economic Growth

One of the most important economic policy objectives in any country is economic growth. Its importance is that if production increases, incomes will be higher tomorrow and future generations will reach higher levels of material welfare. Similarly, if the economy grows - keeping the tax structure con...

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Autores:
Tipo de recurso:
http://purl.org/coar/resource_type/c_6994
Fecha de publicación:
2017
Institución:
Universidad Pedagógica y Tecnológica de Colombia
Repositorio:
RiUPTC: Repositorio Institucional UPTC
Idioma:
spa
eng
OAI Identifier:
oai:repositorio.uptc.edu.co:001/11979
Acceso en línea:
https://revistas.uptc.edu.co/index.php/cenes/article/view/6511
https://repositorio.uptc.edu.co/handle/001/11979
Palabra clave:
economic growth
public spending
fiscal policy
monetary politics
crecimiento económico
gasto público
política fisca
política monetaria
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License
Copyright (c) 2017 Luis Eudoro Vallejo-Zamudio
Description
Summary:One of the most important economic policy objectives in any country is economic growth. Its importance is that if production increases, incomes will be higher tomorrow and future generations will reach higher levels of material welfare. Similarly, if the economy grows - keeping the tax structure constant-, the Government will obtain higher tax revenues and, therefore, will have more resources to finance higher social spending and, thus, fight poverty and satisfy a series of basic needs. Likewise, if the economy grows, productive resources are better exploited and consequently the level of employment increases.