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Industria y desarrollo: un análisis kaldoriano de la economía colombiana

Author

Listed:
  • Morales Martínez, Daniel

    (Universidad Estatal de Campinas)

  • Dathein, Ricardo

    (Universidad Federal de Rio Grande del Sur)

Abstract

This work analyzes the validity of Kaldor’s propositions for the Colombian economy from 1976 to 2016. The manufacturing industry is considered the key sector for economic growth because its increasing returns are higher than in other sectors. Our analyses draw on a production and employment time series for several sectors in Colombian economic activity. The results are based on the Newey-West estimator and AR(1) auto-regressive models employing Cochrane-Orcutt, Prais-Winsten, and Hildreth-Lu procedures. Our findings were consistent with a Kaldorian viewpoint and suggest that manufacturing has a major influence on economic growth; it also features technological spillovers that could stimulate productivity gains in other sectors of the Colombian economy. This goes to show the importance of encouraging industrial production in developing countries.

Suggested Citation

  • Morales Martínez, Daniel & Dathein, Ricardo, 2024. "Industria y desarrollo: un análisis kaldoriano de la economía colombiana," El Trimestre Económico, Fondo de Cultura Económica, vol. 91(361), pages 119-161, enero-mar.
    • Handle: RePEc:elt:journl:v:91:y:2024:i:361:p:119-161
    DOI: https://doi.org/10.20430/ete.v91i361.1789
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    More about this item

    Keywords

    Kaldor’s laws; economic growth; manufacturing industry; Colombia.;
    All these keywords.

    JEL classification:

    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy

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