Colombia y Venezuela: desempeño económico, tipo de cambio y relaciones Estado-empresarios

Alberto Martínez C. ()
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Alberto Martínez C.: Universidad Simón Bolívar

Revista de Economía Institucional, 2008, vol. 10, issue 19, pages 265-291

Abstract: In 1980, Venezuelan income per capita in dollars was 1.4 times higher than that of Colombia, but in 2007, this ratio was reversed and the Colombian income was 1.1 higher than that of Venezuela. This result deserves an explanation, as both countries made similar structural reforms to allow a free economy and to integrate with international markets. This paper aims to explain this result. The main conclusion is that the State-entrepreneur relationship and the real exchange rate management are crucial for the explanation of the difference in the economic performance of both countries.

Keywords: Colombia; Venezuela; economic development; State-government relations; institutions (search for similar items in EconPapers)
JEL-codes: E65 F10 F31 F43 O10 (search for similar items in EconPapers)
Date: 2008
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Persistent link: http://EconPapers.repec.org/RePEc:rei:ecoins:v:10:y:2008:i:19:p:265-291

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