The External Vulnerability of the Colombian Economy 1990-2015: A Comparative Analysis

Luis Hernando Portillo-Riascos () and Edinson Ortiz-Benavides ()
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Luis Hernando Portillo-Riascos: Universidad de Nariño
Edinson Ortiz-Benavides: Universidad de Nariño

Lecturas de Economía, 2021, issue 94, 11-46

Abstract: The objective of this study is to quantify the external vulnerability of the Colombian economyfrom 1990 to 2015. To achieve this purpose, two indicators were calculated, taking the proposal ofAbeles and Valdecantos (2016) as reference. The results proved that the Colombian economy, duringthe period studied, increased its real and financial vulnerability. Facing this finding, the argument ismade that the country’s greatest external vulnerability is explained for two reasons: (a) the inability ofthis economy to modify her model of commercial insertion based on the exploitation of natural resourcesand (b) the increase in dependence of the external financing

Keywords: real; vulnerability?; financial; vulnerability?; external; vulnerability (search for similar items in EconPapers)
JEL-codes: F40 O10 O13 O54 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:lde:journl:y:2021:i:94:p:11-46

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DOI: 10.17533/udea.le.n94a339023

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