Cointegration of Economic growth and External balance in Colombia: 1963-2016

Brayan Alexander Baron Ortegon

No 64kh8, SocArXiv from Center for Open Science

Abstract: In this paper is analyzed the relation between GDP growth and External balance in Colombia for the study period (1963-2016) by using a VECM. Supposing everything else unchanged, we conclude that Colombian external balance granger caused GDP growth and there was indeed a long run relation between both variables. This outcome helps to explain the Colombian GDP growth dynamics over the last fifty years and the impact of trade policy on economic growth.

Date: 2018-04-07
New Economics Papers: this item is included in nep-gro and nep-his
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Persistent link: https://EconPapers.repec.org/RePEc:osf:socarx:64kh8

DOI: 10.31219/osf.io/64kh8

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