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Crecimiento municipal en Colombia: El papel de las externalidades espaciales, el capital humano y el capital físico

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  • Luis Armando Galvis-Aponte

    ()

  • Lucas Wilfried Hahn-De-Castro

    ()

Abstract

En el presente trabajo se realiza un análisis del crecimiento económico municipal en el período 1993-2012.El objetivo es evaluar la existencia de convergencia teniendo en cuenta las externalidades del capital humano y el capital físico. Siguiendo el análisis propuesto por Mankiw et al. (1992)1, se estiman las ecuaciones de convergencia aumentadas con capital humano. Se realizan pruebas de autocorrelación espacial,y dado que este fenómeno puede afectar los resultados de las estimaciones, se incorporan dichos efectos en las ecuaciones de convergencia. Para ello se sigue la propuesta de Ertur y Koch (2006; 2007), quienes incluyen las externalidades tecnológicas en el análisis del modelo que considera solamente el capital físico (Solow, 1956), y en el modelo aumentado con el capital humano (MRW, 1992).Los resultados indican que cuando no se tienen en cuenta los efectos de los spillovers, existe evidencia de convergencia. Esta, sin embargo, desaparece cuando dichos efectos son añadidos al modelo******ABSTRACT: In this paper we conduct an analysis of economic growth and convergence in the Colombian municipalities during the period 1993-2012. The objective is to evaluate the existence of convergence taking into account the externalities of physical and human capital. According to Mankiw et al. (1992), we estimate convergence equations that are augmented with human capital. Moreover, spatial autocorrelation tests carried out show that this phenomenon can bias the results, leading us to incorporate them in the estimation. We follow the methodology proposed by Ertur and Koch (2006, 2007), who include technological externalities in the analysis of the model which solely considers physical capital (Solow, 1956), and the augmented model with human capital (MRW, 1992). The results show that when spillovers are not taken into account, there is evidence of convergence, however such evidence disappears once they are included in the model

Suggested Citation

  • Luis Armando Galvis-Aponte & Lucas Wilfried Hahn-De-Castro, 2015. "Crecimiento municipal en Colombia: El papel de las externalidades espaciales, el capital humano y el capital físico," Documentos de Trabajo Sobre Economía Regional y Urbana 012585, Banco de la República - Economía Regional.
  • Handle: RePEc:col:000102:012585
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    Cited by:

    1. Lucas Wilfried Hahn-De-Castro & Adolfo Meisel-Roca, 2018. "La desigualdad económica entre las regiones de Colombia, 1926-2016," Cuadernos de Historia Económica 47, Banco de la Republica de Colombia.

    More about this item

    Keywords

    crecimiento económico; convergencia; externalidades espaciales;

    JEL classification:

    • C31 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions; Social Interaction Models
    • O - Economic Development, Innovation, Technological Change, and Growth
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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