Cointegration of Economic growth and External balance in Colombia: 1963-2016

Brayan Alexander Barón Ortegón

MPRA Paper from University Library of Munich, Germany

Abstract: In this paper is analyzed the relation between GDP growth and External balance in Colombia for the study period (1963-2016) by using a VECM. Supposing everything else unchanged, we conclude that Colombian external balance granger caused GDP growth and there was indeed a long run relation between both variables. This outcome helps to explain the Colombian GDP growth dynamics over the last fifty years and the impact of trade policy on economic growth.

Keywords: Economic growth; External balance; Trade balance; Colombia; VEC model. (search for similar items in EconPapers)
JEL-codes: F00 F14 F17 F43 F47 (search for similar items in EconPapers)
Date: 2018-04-07
New Economics Papers: this item is included in nep-gro and nep-his
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