TWO HUNDRED YEARS OF COLOMBIAN ECONOMIC GROWTH: THE ROLE OF TFP
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...
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| Lenguaje: | English |
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Pontificia Universidad Católica de Chile. Instituto de Economía.
2011
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| Acceso en línea: | http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0719-04332011000200004 |
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| Sumario: | 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. |
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