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Abstract

This paper provides the first detailed quantitative analysis of the economic activity of Antioquia for the nineteenth century and early twentieth. From the existing data for the Colombian economy, it is reconstructed one of the first series of regional GDP in Latin America for the period. We find that Antioquia, in the early nineteenth century, enjoyed of higher per capita incomes than the average of Colombia. Moreover, we found periods of economic boom between 1800 and 1840, 1860 and 1880, and 1905 and 1913, the latter being more pronounced. Thus, the paper answers the long discussion about the economic takeoff of Antioquia. It is provided insights into the economic growth of Antioquia without need for institutional or cultural arguments.

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File URL: http://mpra.ub.uni-muenchen.de/40041/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 40041.

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Date of creation: Jun 2012
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Handle: RePEc:pra:mprapa:40041

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Web page: http://mpra.ub.uni-muenchen.de
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Related research

Keywords: Colombia; Antioquia; economic growth; 19th century; 20th century; quantitative economic history; GDP estimates;

Find related papers by JEL classification:

• O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
• O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
• N16 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Latin America; Caribbean

This paper has been announced in the following NEP Reports:

• NEP-ALL-2012-07-23 (All new papers)
• NEP-HIS-2012-07-23 (Business, Economic & Financial History)

References

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1. Mejía Cubillos, Javier, 2012. "Propuesta metodológica para el cálculo del riesgo sistémico financiero en estudios de Historia Económica: Aplicación para el caso de la banca libre en Antioquia, 1888
   [A methodology for assess," MPRA Paper 35460, University Library of Munich, Germany.
2. Prados de la Escosura, Leandro, 2009. "Lost Decades? : economic performance in post-independence Latin America," Open Access publications from Universidad Carlos III de Madrid info:hdl:10016/4704, Universidad Carlos III de Madrid.
3. Salomón Kalmanovitz, 2008. "Consecuencias económicas de la independencia en Colombia," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 10(19), pages 207-233, July-Dece.
4. María Claudia Saavedra, 1992. "Antioquia en los inicios del proceso de industrialización: algunos aspectos relativos a la capacitación técnica," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 37, pages 105-126.
5. David E. Bloom & David Canning & Günther Fink, 2008. "Population Aging and Economic Growth," PGDA Working Papers 3108, Program on the Global Demography of Aging.
6. Mejía Cubillos, Javier, 2011. "¿Puede ser considerado el auge antioqueño de la segunda mitad del siglo XIX un modelo de desarrollo económico local?
   [Can be considered the Antioquian economic takeoff during the second half of ," MPRA Paper 35627, University Library of Munich, Germany.
7. Juan José Echavarría & Mauricio Villamizar & colaboración Juanita González, . "El Proceso Colombiano de Desindustrialización," Borradores de Economia 361, Banco de la Republica de Colombia.

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