Download This PaperEconomic Growth and Balance of Payments: Empirical Evidence for Colombia
Cuadernos de Economía, Vol. 24, No. 43, pp. 83-104, 2005
22 Pages Posted: 26 Aug 2007
Abstract
The article characterises the link between the foreign sector and growth in Colombia 1952-2000. Thirlwall's law was tested and found to be valid for this period. There was a long-term relationship between GDP and export growth, income and price elasticity of demand for imports and the real exchange rate. The country gravitated towards a 4.4% growth rate in the long run.
Note: Downloadable document is in Spanish.
Keywords: Colombia, Keynesian models, Thirlwall law, foreign trade
JEL Classification: C32, E12, F43
Suggested Citation: Suggested Citation
García Molina, Mario and Quevedo Caro, Andres, Economic Growth and Balance of Payments: Empirical Evidence for Colombia. Cuadernos de Economía, Vol. 24, No. 43, pp. 83-104, 2005, Available at SSRN: https://ssrn.com/abstract=1007135
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