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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Autor Principal: Cárdenas, Mauricio
Publicado: 2015
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Acceso en línea:http://hdl.handle.net/11445/804
id ir-11445-804
recordtype dspace
spelling 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
institution Fedesarrollo
collection DSpace
topic Crecimiento Económico
Productividad
Capital Social
Crimen
Conflictos
spellingShingle 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_ 1598827278109769728
score 8,878683