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From Conflict to Prosperity: The Economic Impact of the Colombian Peace Agreements

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  • Fernando Martin Mayoral
  • Carlos Andrés Rivera Lasso

Abstract

The peace negotiations between the FARC‐EP and the Colombian government from 2013 to 2016 aimed to end years of violence, loss of life, destruction of infrastructure and social fragmentation. This study uses the synthetic control method to analyse the impact on Colombia's real GDP per capita growth, controlling for economic, demographic and institutional aspects. The main results show that since 2014, Colombia has experienced a higher growth rate than its synthetic counterpart, reflecting a permanent change in the expectations of economic agents since the beginning of the peace process.

Suggested Citation

  • Fernando Martin Mayoral & Carlos Andrés Rivera Lasso, 2025. "From Conflict to Prosperity: The Economic Impact of the Colombian Peace Agreements," Journal of International Development, John Wiley & Sons, Ltd., vol. 37(3), pages 758-772, April.
    • Handle: RePEc:wly:jintdv:v:37:y:2025:i:3:p:758-772
    DOI: 10.1002/jid.3981
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