Industria y desarrollo: un análisis kaldoriano de la economía colombiana

Daniel Morales Martínez and Ricardo Dathein
Additional contact information
Daniel Morales Martínez: Universidad Estatal de Campinas

El Trimestre Económico, 2024, vol. 91 (1), issue 361, 119-161

Abstract: This work analyzes the validity of Kaldor’s propositions for the Colombian economy from 1976 to 2016. The manufacturing industry is considered the key sector for economic growth because its increasing returns are higher than in other sectors. Our analyses draw on a production and employment time series for several sectors in Colombian economic activity. The results are based on the Newey-West estimator and AR(1) auto-regressive models employing Cochrane-Orcutt, Prais-Winsten, and Hildreth-Lu procedures. Our findings were consistent with a Kaldorian viewpoint and suggest that manufacturing has a major influence on economic growth; it also features technological spillovers that could stimulate productivity gains in other sectors of the Colombian economy. This goes to show the importance of encouraging industrial production in developing countries.

Keywords: Kaldor’s laws; economic growth; manufacturing industry; Colombia. (search for similar items in EconPapers)
JEL-codes: C01 O14 O25 (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.eltrimestreeconomico.com.mx/index.php/te/article/view/1789

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elt:journl:v:91:y:2024:i:361:p:119-161

Ordering information: This journal article can be ordered from
Order print issues directly in our web page or with Guadalupe Galicia at Fondo de Cultura Económica, El Trimestre Económico, Carretera Picacho Ajusco 227, 2° piso, Col. Bosques del Pedregal, CP 14738, Tlalpan, Ciudad de México
http://www.eltrimestreeconomico.com.mx

DOI: 10.20430/ete.v91i361.1789

Access Statistics for this article

El Trimestre Económico is currently edited by Orlando Delgado Selley, Saúl Escobar Toledo, Jorge Isaac Egurrola and José Valenzuela Feijóo

More articles in El Trimestre Económico from Fondo de Cultura Económica
Bibliographic data for series maintained by Nuria Pliego Vinageras ().