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Colombia’s Slow Economic Growth

Colombia’s Slow Economic Growth
Author: Ivan Luzardo-Luna
Publisher: Springer Nature
Total Pages: 154
Release: 2019-11-07
Genre: Business & Economics
ISBN: 303025755X

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Looking at the years 1870-2016, this book analyses the reasons behind Colombia’s chronically slow economic growth. As a comparative economic history, it examines why Colombia has seen lower growth rates than countries with similar institutions, culture and colonial origins, such as Argentina in 1870-1914, Mexico in 1930-1980, and Chile from 1982 onwards. While Colombia's history has shown relative macroeconomic stability, it has also shown a limited capacity for integrating into the world economy and embracing technological breakthroughs compared to the rest of the world, including steam, mass production and Information Technology. This volume thus moves away from the long-held view that institutional path dependence is the main determinant of differences in long-run economic growth across countries.


Colombia

Colombia
Author: Mrs.Claire Liuksila
Publisher: International Monetary Fund
Total Pages: 47
Release: 1991-08-01
Genre: Business & Economics
ISBN: 1451954999

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This paper assesses the impact on the poor of the macroeconomic adjustment program undertaken in 1985-86. It finds that program-induced changes in production, employment, and real incomes have benefited the poor, while the adverse impact of program-induced price changes was modest and was largely cushioned by government policies. The paper describes the dimensions of poverty in Colombia, surveys government programs to alleviate poverty, and reviews the factors contributing to the improvement in the income distribution in recent years.


Economic Growth and Poverty Reduction in Colombia

Economic Growth and Poverty Reduction in Colombia
Author: Adriana Rocío Cardozo Silva
Publisher: Peter Lang
Total Pages: 228
Release: 2010
Genre: Colombia
ISBN: 9783631603864

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This book analyses the distributional effects of economic growth on different dimensions of poverty in Colombia. It provides a microeconomic perspective on how economic growth affected poverty and inequality at the household level, as well as a macroeconomic perspective on the effects of growth on regional living standards. The study incorporates recent discussions on multidimensional analysis of well-being and goes beyond traditional income based measures, thereby contributing to the ongoing research on how to measure pro-poor growth and on the importance of incorporating different dimensions of well-being in convergence analysis.


The Colombian Economy and Its Regional Structural Challenges

The Colombian Economy and Its Regional Structural Challenges
Author: Eduardo A. Haddad
Publisher: Springer Nature
Total Pages: 476
Release: 2023-05-30
Genre: Business & Economics
ISBN: 3031226534

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This book examines regional structural challenges on Colombia’s path to sustainable social cohesion and regionally inclusive growth. These challenges can be divided into three main groups: (i) those that focus on competitiveness and the supply side, (ii) those that arise from critical business cycle issues on the demand side, and (iii) those concerning environmental sustainability, employment and social inclusion. The contributions, written by experts on Latin American economics and regional science, apply quantitative simulations based on a unified general equilibrium framework and address a wide range of topics, including: Colombia’s competitive integration in global markets, human capital profiles, regional economic disparities and public and private mechanisms of interregional income transfer. The challenges entailed by such high-profile and long-term issues as productivity growth and climate change are also analyzed. In addition, the book positions Colombia’s experiences in an international comparative context. It argues that many other Latin American countries face similar challenges and provide evidence to substantiate this claim. By doing so, it offers valuable policy lessons for Latin American countries with similar difficulties.


Inflation, Uncertainty, and Growth in Colombia

Inflation, Uncertainty, and Growth in Colombia
Author: Mr.Henry Ma
Publisher: International Monetary Fund
Total Pages: 31
Release: 1998-11-01
Genre: Business & Economics
ISBN: 1451981589

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It has been argued that higher levels of inflation lead to greater uncertainty about future inflation and to greater dispersion of relative prices. In either case, inflation could reduce the efficiency of market prices in coordinating economic activities. This paper shows that the rise of inflation in Colombia, from low levels in the 1950s to average rates of 18–22 percent since the 1970s, has been accompanied by increased uncertainty and relative price dispersion; and that inflation has had a negative and persistent effect on real GDP growth.


Winners and Losers in Colombia's Economic Growth of the 1970s

Winners and Losers in Colombia's Economic Growth of the 1970s
Author: Miguel Urrutia
Publisher: Oxford University Press
Total Pages: 160
Release: 1985
Genre: Business & Economics
ISBN: 9780195204681

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Examines, through the use of a wide array of statistical data, how Colombia's economic growth during the decade of the 1970s affected the income of its workers.


Colombia

Colombia
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 39
Release: 2010-05-04
Genre: Business & Economics
ISBN: 1455202657

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This Selected Issues paper on Colombia shows that achieving investment grade status would help lower financing costs for the sovereign, and expand the pool of potential buyers of the Colombian economy. Colombia’s debt levels as of end-2008 were broadly similar to the average for investment grade emerging markets, suggesting that other indicators are taken into account in rating agencies’ assessments. A stronger process of fiscal consolidation that results in a significant decline in public sector debt could help compensate the structural weaknesses.


Colombia

Colombia
Author: International Monetary Fund. Western Hemisphere Dept.
Publisher: International Monetary Fund
Total Pages: 86
Release: 2014-06-23
Genre: Business & Economics
ISBN: 1498302122

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This Selected Issues paper analyzes spillover risks for Colombia. It highlights that external shocks could spill over to the Colombian economy through the country’s important and growing trade and financial linkages with the rest of the world. Colombia would be most exposed to a decline in oil prices, which could have a sizable adverse impact on the balance of payments, the fiscal accounts and growth. Growth shocks in key trading partners could also have a negative impact, particularly in the United States, which is Colombia’s main trading partner. Colombia’s fiscal rule and adjustment in the context of resource wealth is also analyzed.


Colombia

Colombia
Author: International Monetary Fund. Western Hemisphere Dept.
Publisher: International Monetary Fund
Total Pages: 47
Release: 2017-05-31
Genre: Business & Economics
ISBN: 1484302184

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This Selected Issues paper assesses the monetary policy stance and broad financial conditions in Colombia. It uses a dynamic stochastic general equilibrium model of a small open economy to estimate the neutral rate. A financial conditions index is also constructed to assess overall financial conditions through three different transmission channels (credit, leverage, risk) of the financial sector to the state of the economy. Results reveal that both monetary policy and broad financial conditions in Colombia remained tight in 2016. The results also show that tighter financial conditions could have had a sizable impact on GDP growth.


The Colombian Economy

The Colombian Economy
Author: Alvin Cohen
Publisher: Westview Press
Total Pages: 424
Release: 1992-09-09
Genre: Business & Economics
ISBN:

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In this book, economists and political scientists examine changes in the Colombian economy and the effect of the international debt crisis, and provide a framework for anticipating future economic developments.