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Crecimiento Económico y Gasto Público: Una Interpretación de las Experiencias Internacionales y del Caso Colombiano (1982-1999)

  • Carlos Esteban Posada

    ()

  • José Fernando Escobar

    ()

En este documento se presentan los resultados de la estimación econométrica del modelo de gasto público y crecimiento económico de Barro (1990). La estimación fue de tipo panel utilizando datos de frecuencia anual de 83 países (con poblaciones mayores a 2 millones en 1980)a lo largo del período 1982-1999. Cuando se juzgan los crecimientos del gasto público y del producto tanto de Colombia como de otros países de ingreso medio a la luz de las estimaciones del modelo surge una conclusión:el gasto público colombiano se volvió excesivo durante la segunda mitad de los años 90 y, por tanto, contribuyó a la reducción de la tasa de crecimiento de la economía.

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File URL: http://www.banrep.gov.co/docum/ftp/borra258.pdf
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Paper provided by Banco de la Republica de Colombia in its series Borradores de Economia with number 258.

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Handle: RePEc:bdr:borrec:258
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  1. Robert J. Barro, 1988. "Government Spending in a Simple Model of Endogenous Growth," NBER Working Papers 2588, National Bureau of Economic Research, Inc.
  2. Breitung, Jörg & Lechner, Michael, 1998. "Alternative GMM methods for nonlinear panel data models," SFB 373 Discussion Papers 1998,81, Humboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes.
  3. Martin Feldstein, 1996. "How Big Should Government Be?," NBER Working Papers 5868, National Bureau of Economic Research, Inc.
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