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Industrial Policies in Colombia

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  • Marcela Melendez
  • Guillermo Perry

Abstract

This paper surveys and analyzes industrial policies in Colombia, finding extensive use of productive development policies (PDPs) and despite claims of only moderate government intervention. Rarely explicitly associated with the need to address market failures, PDPs are instead associated with economic reactivation and vaguely defined “competitiveness.” There are also PDPs that address government failures considered unlikely to be corrected by first-best interventions. Colombia has made progress, however, in structuring an institutional setting for PDP design that is sufficiently linked with private sector groups to elicit information on constraints and opportunities that require government intervention. Nonetheless, the overall set of PDPs in place still lacks coherence and is not always guided by the policy requests of the private sector more widely defined.

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Bibliographic Info

Paper provided by Inter-American Development Bank, Research Department in its series Research Department Publications with number 4669.

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Date of creation: Jun 2010
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Handle: RePEc:idb:wpaper:4669

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Keywords: Industrial policy; Productive development policy; Colombia;

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References

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  4. Adolfo Meisel Roca & Carmen Helena Botero Arboleda, 1988. "Funciones De Oferta De Las Exportaciones Menores Colombianas," ENSAYOS SOBRE POLÍTICA ECONÓMICA, BANCO DE LA REPÚBLICA - ESPE, BANCO DE LA REPÚBLICA - ESPE.
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  9. Eslava, Marcela & Haltiwanger Jr, John C & Kugler, Adriana D. & Kugler, Maurice, 2004. "The Effects of Structural Reforms on Productivity- and Profitability-Enhancing Reallocation: Evidence from Colombia," CEPR Discussion Papers, C.E.P.R. Discussion Papers 4569, C.E.P.R. Discussion Papers.
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  15. Arturo Harker & Marcela Melendez, 2008. "Revisiting Economic Growth in Colombia: A Microeconomic Perspective," Research Department Publications, Inter-American Development Bank, Research Department 2006, Inter-American Development Bank, Research Department.
  16. Harrison, Ann & Rodríguez-Clare, Andrés, 2010. "Trade, Foreign Investment, and Industrial Policy for Developing Countries," Handbook of Development Economics, Elsevier, Elsevier.
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Cited by:
  1. Marcela Eslava & Marcela Meléndez Arjona & Guillermo Perry, 2014. "Public-Private Collaboration on Productive Development Policies in Colombia," IDB Publications 84135, Inter-American Development Bank.

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