Desarrollo, reestructuración del gasto público y alianzas público-privadas

Este artículo analiza los efectos de bienestar de mejoras en la inversión en educación e infraestructura con participación público-privada, en un marco fiscal de economía pequeña y abierta para la economía colombiana. Se construye un modelo DSGE donde las familias toman decisiones de capital humano...

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Autores:
Botero García, Jesús
García Guzmán, José
Tipo de recurso:
Article of journal
Fecha de publicación:
2018
Institución:
Universidad Externado de Colombia
Repositorio:
Biblioteca Digital Universidad Externado de Colombia
Idioma:
spa
OAI Identifier:
oai:bdigital.uexternado.edu.co:001/12180
Acceso en línea:
https://bdigital.uexternado.edu.co/handle/001/12180
https://doi.org/10.18601/01245996.v20n38.08
Palabra clave:
infrastructure
model DSGE
public spending
human capital
B22
E27
E60
infraestructura
modelo DSGE
gasto público
capital humano
B22
E27
E60
infraestrutura
modelo DSGE
despesa pública
capital humano
B22
E27
E60
Rights
openAccess
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http://purl.org/coar/access_right/c_abf2
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dc.title.spa.fl_str_mv Desarrollo, reestructuración del gasto público y alianzas público-privadas
dc.title.translated.eng.fl_str_mv Development, restructuring of public spending and public-private partnerships
title Desarrollo, reestructuración del gasto público y alianzas público-privadas
spellingShingle Desarrollo, reestructuración del gasto público y alianzas público-privadas
infrastructure
model DSGE
public spending
human capital
B22
E27
E60
infraestructura
modelo DSGE
gasto público
capital humano
B22
E27
E60
infraestrutura
modelo DSGE
despesa pública
capital humano
B22
E27
E60
title_short Desarrollo, reestructuración del gasto público y alianzas público-privadas
title_full Desarrollo, reestructuración del gasto público y alianzas público-privadas
title_fullStr Desarrollo, reestructuración del gasto público y alianzas público-privadas
title_full_unstemmed Desarrollo, reestructuración del gasto público y alianzas público-privadas
title_sort Desarrollo, reestructuración del gasto público y alianzas público-privadas
dc.creator.fl_str_mv Botero García, Jesús
García Guzmán, José
dc.contributor.author.spa.fl_str_mv Botero García, Jesús
García Guzmán, José
dc.subject.eng.fl_str_mv infrastructure
model DSGE
public spending
human capital
B22
E27
E60
topic infrastructure
model DSGE
public spending
human capital
B22
E27
E60
infraestructura
modelo DSGE
gasto público
capital humano
B22
E27
E60
infraestrutura
modelo DSGE
despesa pública
capital humano
B22
E27
E60
dc.subject.spa.fl_str_mv infraestructura
modelo DSGE
gasto público
capital humano
B22
E27
E60
infraestrutura
modelo DSGE
despesa pública
capital humano
B22
E27
E60
description Este artículo analiza los efectos de bienestar de mejoras en la inversión en educación e infraestructura con participación público-privada, en un marco fiscal de economía pequeña y abierta para la economía colombiana. Se construye un modelo DSGE donde las familias toman decisiones de capital humano y el gobierno financia megaproyectos colocando bonos de infraestructura. Los resultados sugieren mayores efectos en el ajuste de largo plazo y mejoras del bienestar social cuando el gasto público se focaliza en sectores con mayores niveles de empleo y se introducen mejoras tecnológicas y de innovación.
publishDate 2018
dc.date.accessioned.none.fl_str_mv 2018-04-04 00:00:00
2022-09-09T21:17:19Z
dc.date.available.none.fl_str_mv 2018-04-04 00:00:00
2022-09-09T21:17:19Z
dc.date.issued.none.fl_str_mv 2018-04-04
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dc.relation.citationedition.spa.fl_str_mv Núm. 38 , Año 2018 : Enero-Junio
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dc.relation.ispartofjournal.spa.fl_str_mv Revista de Economía Institucional
dc.relation.references.spa.fl_str_mv Arrow, K. J. y Kurz, M. (1970). Optimal growth with irreversible investment in a Ramsey model. Econometrica, 38(2), 331-344.
Aschauer, D. A. (1985). Fiscal policy and aggregate demand. The American Economic Review, 75(1), 117-127.
Auerbach, A. J. y Gorodnichenko, Y. (2012). Fiscal multipliers in recession and expansion. En A. Alesina y F. Giavazzi (eds.), Fiscal policy after the financial crisis (pp. 63-98). Chicago: University of Chicago Press.
Barro, R. J. (1981). Output effects of government purchases. Journal of Political Economy, 89(6), 1086-1121.
Barro, R. J. (1990). Government spending in a simple model of endogenous growth. Journal of Political Economy, 98(5), S103-S125.
Barro, R. J. y Sala-i-Martin, X. (1992). Public finance in models of economic growth. The Review of Economic Studies, 59(4), 645-661.
Baxter, M. y King, R. G. (1993). Fiscal policy in general equilibrium. American Economic Review, 83(3), 315-334.
Benhabib, J. y Spiegel, M. (2005). Human capital and technology diffusion. En P. Aghion y S. Durlauf (eds.), Handbook of Economic Growth, vol. 1A (pp. 935-966). Ámsterdam, Nueva York: Elsevier.
Ben-Porath, Y. (1967). The production of human capital and the life cycle of earnings. The Journal of Political Economy, 75(4), 352-365.
Botero, J., Franco et al. (2013). Choques exógenos y política fiscal en un modelo de equilibrio general dinámico estocástico (DSGE): una aplicación para una economía emergente. Revista de Economía del Rosario, 16(1), 1-24.
Caballé, J. y Santos, M. S. (1993). On endogenous growth with physical and human capital. Journal of Political Economy, 101(6), 1042-1067.
Cashin, P. (1995). Government spending, taxes, and economic growth. IMF Staff Papers, 42(2), 237-269.
Christiano, L. J. y Eichenbaum, M. (1992). Current real-business-cycle theories and aggregate labor-market fluctuations. American Economic Review, 82(3), 430-450.
Christiano, L., Eichenbaum, M. y Rebelo, S. (2011). When is the government spending multiplier large? NBER working paper 15349.
De la Puente, M. A. (2012). Inversión pública y restricción presupuestaria en la infraestructura de transporte en Colombia: 1960-2011. Revista de Economía del Caribe, 10, 160-202.
Evans, P. y Karras, G. (1994). Is government capital productive? Evidence from a panel of seven countries. Journal of Macroeconomics, 16(2), 271-279.
Finn, M. G. (1993). Is all government capital productive? FRB Richmond Economic Quarterly, 79(4), 53-80.
Ford, R., y Poret, P. (1991). Infrastructure and private-sector productivity. OECD Economics Department, working papers 91.
Glomm, G. y Ravikumar, B. (1994). Public investment in infrastructure in a simple growth model. Journal of Economic Dynamics and Control, 18(6), 1173-1187.
Hall, R. E. (1980). Stabilization policy and capital formation. The American Economic Review, 70(2), 157-163.
Holtz-Eakin, D. (1992). Public-sector capital and the productivity puzzle. NBER working paper 4122. Chicago: The University of Chicago Press.
King, R. G. y Rebelo, S. (1990). Public policy and economic growth: Developing neoclassical implications. NBER working paper 3338. Chicago: The University of Chicago Press.
Krebs, T. (2003). Human capital risk and economic growth. The Quarterly Journal of Economics, 118(2), 709-744.
Kydland, F. y Prescott, E. (1982). Time to build and aggregate fluctuations. Econometrica, 50(6), 1345-1370.
Ljungqvist, L. y Sargent, T. (2004). European unemployment and turbulence revisited in a matching model. Journal of the European Economic Association, 2(2-3), 456-468.
Lucas, R. (1988). On the mechanics of economic development. Journal of Monetary Economics, 22(1), 3-42.
Mankiw, N., Romer, D. y Weil, D. (1992). A contribution to the empirics of economic growth. The Quarterly Journal of Economics, 107(2), 407-437.
McCandless, G. (2008). The ABCs of RBCs. Cambridge, Mass., Londres: Harvard University Press.
McGrattan, E. R. (1994). The macroeconomic effects of distortionary taxation. Journal of Monetary Economics, 33(3), 573-601.
Mera, K. (1973). Regional production functions and social overhead capital: An analysis of the Japanese case. Regional and Urban Economics, 3(2), 157-185.
Mincer, J. (1958). Investment in human capital and personal income distribution. Journal of Political Economy, 66(4), 281-302.
Neal, D. y Rosen, S. (2000). Theories of the distribution of earnings. En: A. Atkinson y F. Bourguignon (eds.), Handbook of Income Distribution, vol. 1 (pp. 379-427). Ámsterdam, Nueva York: Elsevier.
Nelson, R. y Phelps, E. (1966). Investment in humans, technological diffusion, and economic growth. The American Economic Review, 56(1/2), 69-75.
Perli, R. y Sakellaris, P. (1998). Human capital formation and business cycle persistence. Journal of Monetary Economics, 42(1), 67-92.
Pestieau, P. (1974). Optimal taxation and discount rate for public investment in a growth setting. Journal of Public Economics, 3(3), 217-235.
Pries, M. J. (2001). Uninsured idiosyncratic risk and human capital accumulation. Working paper, University of Maryland.
Ratner, J. B. (1983). Government capital and the production function for us private output. Economics Letters, 13(2), 213-217.
Solow, R. M. (1957). Technical change and the aggregate production function. The Review of Economics and Statistics, 39(3), 312-320.
Sosvilla-Rivero, S. y Bajo-Rubio, O. (1993). Does public capital affect private sector performance? An analysis of the Spanish case, 1964-1988. Economic Modelling, 10(3), 179-185.
Uhlig, H. (2010). Some fiscal calculus. American Economic Review, 100(2), 30-34.
Uzawa, H. (1965). Optimum technical change in an aggregative model of economic growth. International Economic Review, 6(1), 18-31.
Weitzman, M. L. (1970). Optimal growth with scale economies in the creation of overhead capital. The Review of Economic Studies, 37(4), 555-570.
Woodford, M. (2010). Simple analytics of the government expenditure multiplier. NBER working paper 15714. Chicago: The University of Chicago Press.
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spelling Botero García, Jesús59691e31-b3e3-45ff-9d74-86d2ebced4a2García Guzmán, José877b732d-7502-430e-91e3-df3eabeda8dc2018-04-04 00:00:002022-09-09T21:17:19Z2018-04-04 00:00:002022-09-09T21:17:19Z2018-04-04Este artículo analiza los efectos de bienestar de mejoras en la inversión en educación e infraestructura con participación público-privada, en un marco fiscal de economía pequeña y abierta para la economía colombiana. Se construye un modelo DSGE donde las familias toman decisiones de capital humano y el gobierno financia megaproyectos colocando bonos de infraestructura. Los resultados sugieren mayores efectos en el ajuste de largo plazo y mejoras del bienestar social cuando el gasto público se focaliza en sectores con mayores niveles de empleo y se introducen mejoras tecnológicas y de innovación.This paper analyzes the welfare effects of improvements in investment in education and infrastructure with public-private participation, in a fiscal framework of a small and open economy for the Colombian economy. A DSGE model is built where families make decisions on human capital and the government finances megaprojects by placing infrastructure bonds. The results suggest greater effects in the long-term adjustment and improvements in social welfare when public spending is focused on sectors with higher levels of employment and technological and innovation improvements are introduced.application/pdfapplication/xmltext/html10.18601/01245996.v20n38.082346-24500124-5996https://bdigital.uexternado.edu.co/handle/001/12180https://doi.org/10.18601/01245996.v20n38.08spaUniversidad Externado de Colombiahttps://revistas.uexternado.edu.co/index.php/ecoins/article/download/5277/6397https://revistas.uexternado.edu.co/index.php/ecoins/article/download/5277/6769https://revistas.uexternado.edu.co/index.php/ecoins/article/download/5277/6998Núm. 38 , Año 2018 : Enero-Junio2073818520Revista de Economía InstitucionalArrow, K. J. y Kurz, M. (1970). Optimal growth with irreversible investment in a Ramsey model. Econometrica, 38(2), 331-344.Aschauer, D. A. (1985). Fiscal policy and aggregate demand. The American Economic Review, 75(1), 117-127.Auerbach, A. J. y Gorodnichenko, Y. (2012). Fiscal multipliers in recession and expansion. En A. Alesina y F. Giavazzi (eds.), Fiscal policy after the financial crisis (pp. 63-98). Chicago: University of Chicago Press.Barro, R. J. (1981). Output effects of government purchases. Journal of Political Economy, 89(6), 1086-1121.Barro, R. J. (1990). Government spending in a simple model of endogenous growth. Journal of Political Economy, 98(5), S103-S125.Barro, R. J. y Sala-i-Martin, X. (1992). Public finance in models of economic growth. The Review of Economic Studies, 59(4), 645-661.Baxter, M. y King, R. G. (1993). Fiscal policy in general equilibrium. American Economic Review, 83(3), 315-334.Benhabib, J. y Spiegel, M. (2005). Human capital and technology diffusion. En P. Aghion y S. Durlauf (eds.), Handbook of Economic Growth, vol. 1A (pp. 935-966). Ámsterdam, Nueva York: Elsevier.Ben-Porath, Y. (1967). The production of human capital and the life cycle of earnings. The Journal of Political Economy, 75(4), 352-365.Botero, J., Franco et al. (2013). Choques exógenos y política fiscal en un modelo de equilibrio general dinámico estocástico (DSGE): una aplicación para una economía emergente. Revista de Economía del Rosario, 16(1), 1-24.Caballé, J. y Santos, M. S. (1993). On endogenous growth with physical and human capital. Journal of Political Economy, 101(6), 1042-1067.Cashin, P. (1995). Government spending, taxes, and economic growth. IMF Staff Papers, 42(2), 237-269.Christiano, L. J. y Eichenbaum, M. (1992). Current real-business-cycle theories and aggregate labor-market fluctuations. American Economic Review, 82(3), 430-450.Christiano, L., Eichenbaum, M. y Rebelo, S. (2011). When is the government spending multiplier large? NBER working paper 15349.De la Puente, M. A. (2012). Inversión pública y restricción presupuestaria en la infraestructura de transporte en Colombia: 1960-2011. Revista de Economía del Caribe, 10, 160-202.Evans, P. y Karras, G. (1994). Is government capital productive? Evidence from a panel of seven countries. Journal of Macroeconomics, 16(2), 271-279.Finn, M. G. (1993). Is all government capital productive? FRB Richmond Economic Quarterly, 79(4), 53-80.Ford, R., y Poret, P. (1991). Infrastructure and private-sector productivity. OECD Economics Department, working papers 91.Glomm, G. y Ravikumar, B. (1994). Public investment in infrastructure in a simple growth model. Journal of Economic Dynamics and Control, 18(6), 1173-1187.Hall, R. E. (1980). Stabilization policy and capital formation. The American Economic Review, 70(2), 157-163.Holtz-Eakin, D. (1992). Public-sector capital and the productivity puzzle. NBER working paper 4122. Chicago: The University of Chicago Press.King, R. G. y Rebelo, S. (1990). Public policy and economic growth: Developing neoclassical implications. NBER working paper 3338. Chicago: The University of Chicago Press.Krebs, T. (2003). Human capital risk and economic growth. The Quarterly Journal of Economics, 118(2), 709-744.Kydland, F. y Prescott, E. (1982). Time to build and aggregate fluctuations. Econometrica, 50(6), 1345-1370.Ljungqvist, L. y Sargent, T. (2004). European unemployment and turbulence revisited in a matching model. Journal of the European Economic Association, 2(2-3), 456-468.Lucas, R. (1988). On the mechanics of economic development. Journal of Monetary Economics, 22(1), 3-42.Mankiw, N., Romer, D. y Weil, D. (1992). A contribution to the empirics of economic growth. The Quarterly Journal of Economics, 107(2), 407-437.McCandless, G. (2008). The ABCs of RBCs. Cambridge, Mass., Londres: Harvard University Press.McGrattan, E. R. (1994). The macroeconomic effects of distortionary taxation. Journal of Monetary Economics, 33(3), 573-601.Mera, K. (1973). Regional production functions and social overhead capital: An analysis of the Japanese case. Regional and Urban Economics, 3(2), 157-185.Mincer, J. (1958). Investment in human capital and personal income distribution. Journal of Political Economy, 66(4), 281-302.Neal, D. y Rosen, S. (2000). Theories of the distribution of earnings. En: A. Atkinson y F. Bourguignon (eds.), Handbook of Income Distribution, vol. 1 (pp. 379-427). Ámsterdam, Nueva York: Elsevier.Nelson, R. y Phelps, E. (1966). Investment in humans, technological diffusion, and economic growth. The American Economic Review, 56(1/2), 69-75.Perli, R. y Sakellaris, P. (1998). Human capital formation and business cycle persistence. Journal of Monetary Economics, 42(1), 67-92.Pestieau, P. (1974). Optimal taxation and discount rate for public investment in a growth setting. Journal of Public Economics, 3(3), 217-235.Pries, M. J. (2001). Uninsured idiosyncratic risk and human capital accumulation. Working paper, University of Maryland.Ratner, J. B. (1983). Government capital and the production function for us private output. Economics Letters, 13(2), 213-217.Solow, R. M. (1957). Technical change and the aggregate production function. The Review of Economics and Statistics, 39(3), 312-320.Sosvilla-Rivero, S. y Bajo-Rubio, O. (1993). Does public capital affect private sector performance? An analysis of the Spanish case, 1964-1988. Economic Modelling, 10(3), 179-185.Uhlig, H. (2010). Some fiscal calculus. American Economic Review, 100(2), 30-34.Uzawa, H. (1965). Optimum technical change in an aggregative model of economic growth. International Economic Review, 6(1), 18-31.Weitzman, M. L. (1970). Optimal growth with scale economies in the creation of overhead capital. The Review of Economic Studies, 37(4), 555-570.Woodford, M. (2010). Simple analytics of the government expenditure multiplier. NBER working paper 15714. Chicago: The University of Chicago Press.info:eu-repo/semantics/openAccesshttp://purl.org/coar/access_right/c_abf2https://creativecommons.org/licenses/by-nc-sa/4.0/https://revistas.uexternado.edu.co/index.php/ecoins/article/view/5277infrastructuremodel DSGEpublic spendinghuman capitalB22E27E60infraestructuramodelo DSGEgasto públicocapital humanoB22E27E60infraestruturamodelo DSGEdespesa públicacapital humanoB22E27E60Desarrollo, reestructuración del gasto público y alianzas público-privadasDevelopment, restructuring of public spending and public-private partnershipsArtículo de revistahttp://purl.org/coar/resource_type/c_6501http://purl.org/coar/resource_type/c_6501http://purl.org/coar/resource_type/c_2df8fbb1http://purl.org/coar/version/c_970fb48d4fbd8a85Textinfo:eu-repo/semantics/articleJournal articlehttp://purl.org/redcol/resource_type/ARTREFinfo:eu-repo/semantics/publishedVersionPublicationOREORE.xmltext/xml2599https://bdigital.uexternado.edu.co/bitstreams/4955fe77-ed69-4cf1-8b48-ca9506fa9e0d/download9c7fcb5ecd9b7ab031f8c18204003ba0MD51001/12180oai:bdigital.uexternado.edu.co:001/121802023-08-14 15:13:35.802https://creativecommons.org/licenses/by-nc-sa/4.0/https://bdigital.uexternado.edu.coUniversidad Externado de Colombiametabiblioteca@metabiblioteca.org