IDEAS home Printed from https://ideas.repec.org/p/bdr/borrec/258.html
   My bibliography  Save this paper

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

Author

Listed:
  • Carlos Esteban Posada
  • José Fernando Escobar

Abstract

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.

Suggested Citation

  • Carlos Esteban Posada & José Fernando Escobar, 2003. "Crecimiento Económico y Gasto Público: Una Interpretación de las Experiencias Internacionales y del Caso Colombiano (1982-1999)," Borradores de Economia 258, Banco de la Republica de Colombia.
    • Handle: RePEc:bdr:borrec:258
    DOI: 10.32468/be.258
    as

    Download full text from publisher

    File URL: https://doi.org/10.32468/be.258
    Download Restriction: no
    File URL: https://libkey.io/10.32468/be.258?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
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Feldstein, Martin, 1997. "How Big Should Government Be?," National Tax Journal, National Tax Association;National Tax Journal, vol. 50(2), pages 197-213, June.
    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. Barro, Robert J, 1990. "Government Spending in a Simple Model of Endogenous Growth," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 103-126, October.
    Full references (including those not matched with items on IDEAS)

    Citations

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


    Cited by:

    1. Gómez Munoz, Wilman & Rhenals M., Remberto, 2007. "Un cálculo del déficit fiscal estructural: análisis y una propuesta metodológica," Perfil de Coyuntura Económica, Universidad de Antioquia, CIE, December.
    2. Gonzalo Restrepo Quintero & Daphne Alvarez Villa, 2005. "Ley 617 de 2000 y su impacto fiscal territorial," Ensayos Sobre Economía Regional (ESER) 3139, Banco de la República - Economía Regional.
    3. Ligia Alba Melo-Becerra & Jorge Enrique Ramos-Forero, 2017. "El gasto público en Colombia: Algunos aspectos sobre su tamaño, evolución y estructura," Borradores de Economia 1003, Banco de la Republica de Colombia.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ana Buisán & Juan Carlos Caballero & José Manuel Campa & Noelia Jiménez, 2004. "La importancia de la histéresis en las exportaciones de manufacturas de los países de la UEM," Monetaria, CEMLA, vol. 0(2), pages 169-222, abril-jun.
    2. John C. Driscoll & Steinar Holden, 2004. "Coordinación, trato justo y persistencia de la inflación," Monetaria, CEMLA, vol. 0(2), pages 97-129, abril-jun.
    3. Ligia Alba Melo-Becerra & Jorge Enrique Ramos-Forero, 2017. "El gasto público en Colombia: Algunos aspectos sobre su tamaño, evolución y estructura," Borradores de Economia 1003, Banco de la Republica de Colombia.
    4. Carlos Esteban Posada & José Fernando Escobar, 2004. "Crecimiento económico y gasto público: experiencias internacionales y el caso colombiano, 1982-99," Monetaria, CEMLA, vol. 0(2), pages 131-167, abril-jun.
    5. Magazzino, Cosimo & Forte, Francesco, 2010. "Optimal size of government and economic growth in EU-27," MPRA Paper 26669, University Library of Munich, Germany.
    6. Rao, B. Bhaskara, 2010. "Estimates of the steady state growth rates for selected Asian countries with an extended Solow model," Economic Modelling, Elsevier, vol. 27(1), pages 46-53, January.
    7. Esa Mangeloja, 2004. "Interrelationship of economic growth and regional religious properties," ERSA conference papers ersa04p94, European Regional Science Association.
    8. Georgios Symeonidis & Platon Tinios & Panos Xenos, 2020. "Enhancing Pension Adequacy While Reducing the Fiscal Budget and Creating Essential Capital for Domestic Investments and Growth: Analysing the Risks and Outcomes in the Case of Greece," Risks, MDPI, vol. 9(1), pages 1-17, December.
    9. Atolia, Manoj & Chatterjee, Santanu & Turnovsky, Stephen J., 2010. "How misleading is linearization? Evaluating the dynamics of the neoclassical growth model," Journal of Economic Dynamics and Control, Elsevier, vol. 34(9), pages 1550-1571, September.
    10. Pierre‐Richard Agénor, 2009. "Infrastructure Investment and Maintenance Expenditure: Optimal Allocation Rules in a Growing Economy," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 11(2), pages 233-250, April.
    11. Arcalean, Calin & Glomm, Gerhard & Schiopu, Ioana, 2012. "Growth effects of spatial redistribution policies," Journal of Economic Dynamics and Control, Elsevier, vol. 36(7), pages 988-1008.
    12. Gonzalez-Eiras, Martín & Niepelt, Dirk, 2012. "Ageing, government budgets, retirement, and growth," European Economic Review, Elsevier, vol. 56(1), pages 97-115.
    13. Ingrid Ott & Stephen J. Turnovsky, 2006. "Excludable and Non‐excludable Public Inputs: Consequences for Economic Growth," Economica, London School of Economics and Political Science, vol. 73(292), pages 725-748, November.
    14. Iamsiraroj, Sasi, 2016. "The foreign direct investment–economic growth nexus," International Review of Economics & Finance, Elsevier, vol. 42(C), pages 116-133.
    15. David Owyong & Shandre Thangavelu, 2001. "An empirical study on public capital spillovers from the USA to Canada," Applied Economics, Taylor & Francis Journals, vol. 33(11), pages 1493-1499.
    16. Jing Xing, 2011. "Does tax structure affect economic growth? Empirical evidence from OECD countries," Working Papers 1120, Oxford University Centre for Business Taxation.
    17. Ingrid Ott & Susanne Soretz, 2006. "Governmental activity, integration, and agglomeration," Working Paper Series in Economics 57, University of Lüneburg, Institute of Economics.
    18. Schreiner, Lena & Madlener, Reinhard, 2022. "Investing in power grid infrastructure as a flexibility option: A DSGE assessment for Germany," Energy Economics, Elsevier, vol. 107(C).
    19. Li, Shiyu & Lin, Shuanglin, 2011. "Is there any gain from social security privatization?," China Economic Review, Elsevier, vol. 22(3), pages 278-289, September.
    20. Pierre‐Richard Agénor, 2004. "Macroeconomic Adjustment and the Poor: Analytical Issues and Cross‐Country Evidence," Journal of Economic Surveys, Wiley Blackwell, vol. 18(3), pages 351-408, July.

    More about this item

    Keywords

    Crecimiento económico; gasto público; elasticidad- capital del producto; estimación panel;
    All these keywords.

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:borrec:258. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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.