Economic growth in Colombia: a reversal of fortune?
"Since 1979, Colombia s annual GDP growth has been on average two percentage pointslower than what was observed between 1950 and 1980. The sources-of-growth decomposition shows that this deceleration can be accounted entirely by changes in productivity. Indeed, between 1960 and 1980 productivit...
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| Acceso en línea: | http://hdl.handle.net/11445/804 |
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ir-11445-8042017-06-17T16:57:32Z Economic growth in Colombia: a reversal of fortune? Cárdenas, Mauricio Crecimiento Económico Productividad Capital Social Crimen Conflictos "Since 1979, Colombia s annual GDP growth has been on average two percentage pointslower than what was observed between 1950 and 1980. The sources-of-growth decomposition shows that this deceleration can be accounted entirely by changes in productivity. Indeed, between 1960 and 1980 productivity gains increased output per worker by nearly 1% per year. Since 1980, productivity losses have reduced output per worker at about the same rate. The time series analysis suggests that the implosion of productivity was caused by the increase in criminality which diverted capital and labor to unproductive activities. In turn, the rise in crime was the result of rapid expansion in drug-trafficking activities, which erupted around 1980. Consequently, the fortunes associated with the emergence of Colombia as the world largest producer of cocaine had a significantly negative effect on growth and productivity. This explanation is supported by cross-country evidence that shows that Colombia s underperformance, especially in the 1990s, is explained by its high homicide rate." "Since 1979, Colombia s annual GDP growth has been on average two percentage pointslower than what was observed between 1950 and 1980. The sources-of-growth decomposition shows that this deceleration can be accounted entirely by changes in productivity. Indeed, between 1960 and 1980 productivity gains increased output per worker by nearly 1% per year. Since 1980, productivity losses have reduced output per worker at about the same rate. The time series analysis suggests that the implosion of productivity was caused by the increase in criminality which diverted capital and labor to unproductive activities. In turn, the rise in crime was the result of rapid expansion in drug-trafficking activities, which erupted around 1980. Consequently, the fortunes associated with the emergence of Colombia as the world largest producer of cocaine had a significantly negative effect on growth and productivity. This explanation is supported by cross-country evidence that shows that Colombia s underperformance, especially in the 1990s, is explained by its high homicide rate." O47 Z13 2015-12-19T00:02:38Z 2016-01-21T02:26:02Z 2017-04-17T20:26:55Z 2017-06-17T16:57:32Z 2015-12-19T00:02:38Z 2016-01-21T02:26:02Z 2017-04-17T20:26:55Z 2017-06-17T16:57:32Z 2007-02 http://hdl.handle.net/11445/804 Documentos de Trabajo (Working Papers). No. 36. Febrero 2007 application/pdf |
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Fedesarrollo |
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DSpace |
| topic |
Crecimiento Económico Productividad Capital Social Crimen Conflictos |
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Crecimiento Económico Productividad Capital Social Crimen Conflictos Cárdenas, Mauricio Economic growth in Colombia: a reversal of fortune? |
| description |
"Since 1979, Colombia s annual GDP growth has been on average two percentage pointslower than what was observed between 1950 and 1980. The sources-of-growth decomposition shows that this deceleration can be accounted entirely by changes in productivity. Indeed, between 1960 and 1980 productivity gains increased output per worker by nearly 1% per year. Since 1980, productivity losses have reduced output per worker at about the same rate. The time series analysis suggests that the implosion of productivity was caused by the increase in criminality which diverted capital and labor to unproductive activities. In turn, the rise in crime was the result of rapid expansion in drug-trafficking activities, which erupted around 1980. Consequently, the fortunes associated with the emergence of Colombia as the world largest producer of cocaine had a significantly negative effect on growth and productivity. This explanation is supported by cross-country evidence that shows that Colombia s underperformance, especially in the 1990s, is explained by its high homicide rate." |
| author |
Cárdenas, Mauricio |
| author_facet |
Cárdenas, Mauricio |
| author_sort |
Cárdenas, Mauricio |
| title |
Economic growth in Colombia: a reversal of fortune? |
| title_short |
Economic growth in Colombia: a reversal of fortune? |
| title_full |
Economic growth in Colombia: a reversal of fortune? |
| title_fullStr |
Economic growth in Colombia: a reversal of fortune? |
| title_full_unstemmed |
Economic growth in Colombia: a reversal of fortune? |
| title_sort |
economic growth in colombia: a reversal of fortune? |
| publishDate |
2015 |
| url |
http://hdl.handle.net/11445/804 |
| _version_ |
1626724885942239232 |
| score |
12,131701 |