The impact of external factors on job creation and destruction in the Colombian manufacturing sector

Ligia Melo Becerra () and Carlos Ballesteros ()
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Carlos Ballesteros: Banco de la República de Colombia

Lecturas de Economía, 2014, issue 81, 155-186

Abstract: The aim of this paper is to study the impact of external factors on employment in the manufacturing sector in Colombia, using the job flows approach. In particular, we analyze the effects of the real exchange rate, foreign direct investment and the degree of openness of firms on job creation and destruction. We find that an increment in the real exchange rate increases job creation and decreases job destruction, suggesting a positive impact on net employment growth in the sector. Also, manufacturing firms that trade actively in the international market magnify the effect of the real exchange rate on employment flows. Finally, manufacturing employment is negatively affected by the Dutch disease phenomenon.

Keywords: Job flows; real exchange rate; manufacturing sector; Colombia (search for similar items in EconPapers)
JEL-codes: F40 J20 J60 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:lde:journl:y:2014:i:81:p:155-186

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DOI: 10.17533/udea.le.n81a6

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