Two Hundred Years of Colombian Economic Growth: The Role of TFP
Alvaro Riascos ()
Latin American Journal of Economics-formerly Cuadernos de Economía, 2011, vol. 48, issue 2, 181-198
Using modern growth theory, we estimate Colombian total-factor productivity relative to the United Kingdom’s for the last 200 years in order to match observed income differences. Our results show Colombia’s remarkably inefficient use of technology relative to a country that is a leader in this regard and provide quantitative estimates of the proximate causes of relative income differences between the two economies.
Keywords: Long-run growth; total factor productivity; industrialization; Colombia; relative income differences (search for similar items in EconPapers)
JEL-codes: N1 N16 O47 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ioe:cuadec:v:48:y:2011:i:2:p:181-198
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Latin American Journal of Economics-formerly Cuadernos de Economía is currently edited by Raimundo Soto
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