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Crecimiento económico y concentración original del ingreso: experiencias internacionales desde 1820

Author

Listed:
  • Carlos Esteban Posada Posada

    () (Banco de la República (Banco central de Colombia))

  • José Fernando Escobar Restrepo

    () (Banco de la República (Banco central de Colombia))

Abstract

Following the basic hypothesis of the a new approach in the analysis of the economic development, the principal reason for the actual gap in the per capita income between developed and developing countries (former European colonies) is the original wealth concentration. In this paper we tested a hypothesis which we call “historicist”. According to this one there is a negative influence of the original wealth concentration on the posterior economic performance. We supposed an aggregate production function and (hypothetic) relations between the basic determinants of the economic growth and the income concentration in original and later moments of time. The results of panel exercises with a sample of developed and developing countries do not reject the historicist hypothesis when the income concentration is measure as the participation in the income of the richest decile of the population

Suggested Citation

  • Carlos Esteban Posada Posada & José Fernando Escobar Restrepo, 2004. "Crecimiento económico y concentración original del ingreso: experiencias internacionales desde 1820," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 60, pages 7-38, Enero-Jun.
  • Handle: RePEc:lde:journl:y:2004:i:60:p:7-38
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    Keywords

    economic growth; product of long term; original distribution of the entrance; function of production;

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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