IDEAS home Printed from https://ideas.repec.org/a/bla/rdevec/v30y2026i2p1215-1233.html

Innovation Based Growth Accounting: Understanding the Economics of Decoupling in Colombia

Author

Listed:
  • Juan Ricardo Perilla Jiménez

Abstract

The role of productivity measurement in evaluating the decoupling hypothesis—which posits a divergence between productivity growth and labour's share of income—is investigated using a detailed dataset of quality‐ and price‐adjusted production factors across Colombian economic sectors over the period 1990–2019. The adjustment is found to increase the estimated contribution of production factors, while attenuating the contribution attributed to productivity in explaining value‐added growth. Cointegration tests reveal no long‐run relationship between productivity indicators and the labour share at the aggregate level, although sector‐specific evidence of cointegration persists. Short‐run dynamics, assessed through panel data econometrics, also support the decoupling hypothesis, further reinforcing the empirical relevance of the adjustment in improving model specification. A key recommendation for researchers exploring income production and distribution—as well as related concerns of efficiency and wage equity—is to leverage recent advances in growth accounting methods and to closely examine disaggregated input structures and relative price dynamics that underpin aggregate outcomes.

Suggested Citation

  • Juan Ricardo Perilla Jiménez, 2026. "Innovation Based Growth Accounting: Understanding the Economics of Decoupling in Colombia," Review of Development Economics, Wiley Blackwell, vol. 30(2), pages 1215-1233, May.
    • Handle: RePEc:bla:rdevec:v:30:y:2026:i:2:p:1215-1233
    DOI: 10.1111/rode.70053
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/rode.70053
    Download Restriction: no
    File URL: https://libkey.io/10.1111/rode.70053?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
    ---><---

    More about this item

    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:bla:rdevec:v:30:y:2026:i:2:p:1215-1233. 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: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=1363-6669 .

    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.