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Crecimiento Económico y Gasto Público: Una Interpretación de las Experiencias Internacionales y del Caso Colombiano (1982-1999)

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Author Info
Carlos Esteban Posada ()
José Fernando Escobar ()

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Abstract

En este documento se presentan los resultados de la estimación econométrica del modelo de gasto público y crecimiento económico de Barro (1990). La estimación fue de tipo panel utilizando datos de frecuencia anual de 83 países (con poblaciones mayores a 2 millones en 1980)a lo largo del período 1982-1999. Cuando se juzgan los crecimientos del gasto público y del producto tanto de Colombia como de otros países de ingreso medio a la luz de las estimaciones del modelo surge una conclusión:el gasto público colombiano se volvió excesivo durante la segunda mitad de los años 90 y, por tanto, contribuyó a la reducción de la tasa de crecimiento de la economía.

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Publisher Info
Paper provided by Banco de la Republica de Colombia in its series Borradores de Economia with number 258.

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Handle: RePEc:bdr:borrec:258

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Related research
Keywords: Crecimiento económico; gasto público; elasticidad- capital del producto; estimación panel;

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Find related papers by JEL classification:
C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data
H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Martin Feldstein, 1996. "How Big Should Government Be?," NBER Working Papers 5868, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  2. J. Breitung & M. Lechner, . "Alternative GMM Methods for Nonlinear Panel Data Models," Sonderforschungsbereich 373 1998-81, Humboldt Universitaet Berlin.
  3. Barro, Robert J, 1990. "Government Spending in a Simple Model of Endogenous Growth," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages S103-26, October. [Downloadable!] (restricted)
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This page was last updated on 2009-12-14.

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