IDEAS home Printed from https://ideas.repec.org/a/bdr/ensayo/v34y2016i79p66-77.html
   My bibliography  Save this article

A Smithian analysis of the Colombian economic growth

Author

Listed:
  • Carlos Humberto Ortiz
  • Diana Marcela Jiménez

    (Universidad del Valle)

Abstract

Statistical analyses show that, after controlling for the accumulation of productive factors, the joint effect of the diversification of manufacturing inputs and the urban population purchasing power has a positive and significant impact on the Colombian economic growth. Furthermore, there is statistical evidence that shortages or deficiencies of public infrastructure and public services, as well as the violations of property rights diminish economic growth. These results are consistent with the Smithian vision of economic development.

Suggested Citation

  • Carlos Humberto Ortiz & Diana Marcela Jiménez, 2016. "A Smithian analysis of the Colombian economic growth," Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia, vol. 34(79), pages 66-77, April.
    • Handle: RePEc:bdr:ensayo:v:34:y:2016:i:79:p:66-77
    DOI: 10.1016/j.espe.2016.01.002
    as

    Download full text from publisher

    File URL: https://doi.org/10.1016/j.espe.2016.01.002
    Download Restriction: no
    File URL: https://libkey.io/10.1016/j.espe.2016.01.002?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Carlos Humberto Ortiz & Diana Marcela Jiménez & María Liliam Jaramillo, 2019. "Productive diversification and structural change in closed and open economies," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 91, pages 11-39, Julio - D.
    2. Ortiz, Carlos Humberto & Jiménez, Diana Marcela & Jaramillo, María Liliam, 2019. "Diversificación productiva y cambio estructural en economías cerradas y abiertas," Revista Lecturas de Economía, Universidad de Antioquia, CIE, issue 91, pages 1-29, July.
    3. Ortiz, Carlos Humberto & Jiménez, Diana Marcela, 2017. "Un análisis smithiano del crecimiento económico colombiano: avances metodológicos," Revista Lecturas de Economía, Universidad de Antioquia, CIE, issue 87, pages 35-66, March.
    4. Diana Marcela Jiménez Restrepo & Carlos Humberto Ortiz Quevedo & José Ignacio Uribe, 2019. "Una reformulación de la ley de Okun para Colombia," Revista de Economía del Caribe 18093, Universidad del Norte.
    5. Carlos Humberto Ortiz & Diana Marcela Jiménez & Gissel Natalia Cruz, 2019. "The impact of infrastructure on economic growth in Colombia: a Smithian approach," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 90, pages 97-126, Enero - J.
    6. Ortiz, Carlos Humberto & Jiménez, Diana & Cruz, Gissel, 2019. "El impacto de la infraestructura en el crecimiento económico colombiano: un enfoque smithiano," Revista Lecturas de Economía, Universidad de Antioquia, CIE, issue 90, pages 97-126, January.

    More about this item

    Keywords

    Economic growth; Productive diversification; Purchasing power; Scale economies; Public goods;
    All these keywords.

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • D62 - Microeconomics - - Welfare Economics - - - Externalities
    • E25 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Aggregate Factor Income Distribution
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bdr:ensayo:v:34:y:2016:i:79:p:66-77. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Clorith Angélica Bahos Olivera (email available below). General contact details of provider: https://edirc.repec.org/data/brcgvco.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.