Two Hundred Years of Colombian Economic Growth: The Role of TFP

• Alvaro J. Riascos ^[1]
  1. [1] Universidad de Los Andes
• Localización: Latin American Journal of Economics: formerly Cuadernos de Economía, ISSN-e 0719-0433, Vol. 48, Nº. 2, 2011, págs. 181-198
• Idioma: inglés
• Enlaces
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• Resumen

  • Using modern growth theory, we estimate Colombian total-factor productivity relative to the United Kingdom’s for the last 200 years in order to match observed income differences. Our results show Colombia’s remarkably inefficient use of technology relative to a country that is a leader in this regard and provide quantitative estimates of the proximate causes of relative income differences between the two economies.