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Colombia’s Slow Economic Growth

Author: Ivan Luzardo-Luna

Publisher: Springer Nature

Published: 2019-11-07

Total Pages: 154

ISBN-13: 303025755X

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.

Economic Growth and Poverty Reduction in Colombia

Author: Adriana Rocío Cardozo Silva

Publisher: Peter Lang

Published: 2010

Total Pages: 228

ISBN-13: 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.

Colombia

Author: Mrs.Claire Liuksila

Publisher: International Monetary Fund

Published: 1991-08-01

Total Pages: 47

ISBN-13: 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.

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

Author: Miguel Urrutia

Publisher: Oxford University Press

Published: 1985

Total Pages: 160

ISBN-13: 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

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2010-05-04

Total Pages: 39

ISBN-13: 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.

Inflation, Uncertainty, and Growth in Colombia

Author: Mr.Henry Ma

Publisher: International Monetary Fund

Published: 1998-11-01

Total Pages: 31

ISBN-13: 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.

External Linkages and Economic Growth in Colombia: Insights from A Bayesian VAR Model

Author: Lisandro Abrego

Publisher: International Monetary Fund

Published: 2008

Total Pages: 30

ISBN-13:

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This paper investigates the sensitivity of Colombian GDP growth to the surroundingmacroeconomic environment. We estimate a Bayesian VAR model with informative steady-statepriors for the Colombian economy using quarterly data from 1995 to 2007. A variancedecomposition shows that world GDP growth and government spending are the most importantfactors, explaining roughly 17 and 16 percent of the variance in Colombian GDP growthrespectively. The model, which is shown to forecast well out-of-sample, can also be used toanalyse alternative scenarios. Generating both endogenous and conditional forecasts, we showthat the impact on Colombian GDP growth of a substantial downturn in world GDP growthwould be non-negligible but still a mild decline by historical standards.

Colombia

Author: International Monetary Fund. Western Hemisphere Dept.

Publisher: International Monetary Fund

Published: 2017-05-31

Total Pages: 47

ISBN-13: 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.

Colombia

Author: International Monetary Fund. Western Hemisphere Dept.

Publisher: International Monetary Fund

Published: 2014-06-23

Total Pages: 86

ISBN-13: 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.

OECD Economic Outlook, Volume 2020 Issue 1

Author: OECD

Publisher: OECD Publishing

Published: 2020-06-10

Total Pages: 336

ISBN-13: 9264700617

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The OECD Economic Outlook is the OECD's twice-yearly analysis of the major economic trends and prospects for the next two years. This issue includes a general assessment of the macroeconomic situation, a series of notes on the macroeconomic and structural policy issues related to the COVID-19 outbreak and a chapter summarising developments and providing projections for each individual country.