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

Alberto Martínez C. ()
Additional contact information
Alberto Martínez C.: Universidad Simón Bolívar
Authors registered in the RePEc Author Service: Alberto David Martínez Castillo ()

Revista de Economía Institucional, 2008, vol. 10, issue 19, 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
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.uexternado.edu.co/facecono/ecoinstituci ... pers/amartinez19.pdf (application/pdf)

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:rei:ecoins:v:10:y:2008:i:19:p:265-291

Access Statistics for this article

Revista de Economía Institucional is currently edited by Alberto Supelano

More articles in Revista de Economía Institucional from Universidad Externado de Colombia - Facultad de Economía Cra. 1 No. 12-68 Casa de las Mandolinas. Contact information at EDIRC.
Bibliographic data for series maintained by Paola Rodríguez ().