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Macroeconomic performance and inequality in Colombia: 1976-1996

Author

Listed:
  • Raquel Bernal

    ()

  • Mauricio Cárdenas

    ()

  • Jairo Núñez

    ()

  • Fabio Sánchez

Abstract

This paper explores the relationship between macroeconomic conditions and urban income distribution in Colombia. The results show that unemployment and inflation have significant regressive effects. Manufacturing output growth is clearly progressive, as well as improved conditions in the rural areas. Currency overvaluation is also related to income concentration. In this sense, it is no suprise that the recent combination of high unemployment, an overvalued currency, and low overall economic growth have resulted in greater inequality. The paper olso finds that unemployment and inflation have an adverse effect on education of the poor. Thus, macroeconomic instability is detrimental for the accumulation of human capital, which in turn has a long-term effect on the distribution of income.

Suggested Citation

  • Raquel Bernal & Mauricio Cárdenas & Jairo Núñez & Fabio Sánchez, 1997. "Macroeconomic performance and inequality in Colombia: 1976-1996," Working Papers Series. Documentos de Trabajo 009210, Fedesarrollo.
  • Handle: RePEc:col:000123:009210
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    File URL: http://hdl.handle.net/11445/838
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    Cited by:

    1. Jóse Leibovich & Jairo Núñez, 1999. "Los activos y recursos de la población pobre en Colombia," Research Department Publications 3057, Inter-American Development Bank, Research Department.

    More about this item

    Keywords

    Crecimiento Económico; Macroeconomía; Distribución del ingreso; Colombia;

    JEL classification:

    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development

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