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Inhaltsangabe
This document looks at the deindustrialization process in Colombia during 1965-2012, attempting to distinguish between “secular movements” (normal) from factors that have accelerated its process as a result of the Dutch Disease. This is a case of accelerated deindustrialization, where the Industry Value Added/GDP ratio has fallen from almost 25% during the mid-seventies to 20-22% in the eighties and now reaches a mere 12%. This deindustrialization has been linked to: i) structural difficulties in the provision of basic services (energy, telecommunications, roads), and ii) the effect springing from the energy-mining boom, accompanied by a costly labor force and a rampant appreciation of the exchange rate, thus giving support to the DD hypothesis. On the econometric front, the VEC model supports the DD hypothesis for the period 1970-2010, as compared to the alternate hypothesis of “secular” deindustrialization. This is usually explained by the expansion of the services sector (due to relative gains in productivity and “modernization”) and the level of development (gains in GDP per capita), which are typically linked to the developed world.
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Reseña del editor
This document looks at the deindustrialization process in Colombia during 1965-2012, attempting to distinguish between "secular movements" (normal) from factors that have accelerated its process as a result of the Dutch Disease. This is a case of accelerated deindustrialization, where the Industry Value Added/GDP ratio has fallen from almost 25% during the mid-seventies to 20-22% in the eighties and now reaches a mere 12%. This deindustrialization has been linked to: i) structural difficulties in the provision of basic services (energy, telecommunications, roads), and ii) the effect springing from the energy-mining boom, accompanied by a costly labor force and a rampant appreciation of the exchange rate, thus giving support to the DD hypothesis. On the econometric front, the VEC model supports the DD hypothesis for the period 1970-2010, as compared to the alternate hypothesis of "secular" deindustrialization. This is usually explained by the expansion of the services sector (due to relative gains in productivity and "modernization") and the level of development (gains in GDP per capita), which are typically linked to the developed world.
Biografía del autor
Sergio Clavijo Vergara, is the Executive Director of (think-tank) ANIF since march 2005. Previously he served as co-director on the Board of Directors of the Central Bank of Colombia (1999 – 2005) and as Deputy-Minister of Finance (1998 – 1999). He also worked in the International Monetary Fund, Western Hemisphere Department (1991 – 1993).
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Deindustrialization in Colombia: Quantitative Analysis of Determinants
Verlag:
LAP LAMBERT Academic Publishing, 2014
ISBN 10: 3659633879
ISBN 13: 9783659633874
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Deindustrialization in Colombia: Quantitative Analysis of Determinants
Verlag:
LAP LAMBERT Academic Publishing Nov 2014, 2014
ISBN 10: 3659633879
ISBN 13: 9783659633874
Neu
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Taschenbuch. Zustand: Neu. Neuware -This document looks at the deindustrialization process in Colombia during 1965-2012, attempting to distinguish between ¿secular movements¿ (normal) from factors that have accelerated its process as a result of the Dutch Disease. This is a case of accelerated deindustrialization, where the Industry Value Added/GDP ratio has fallen from almost 25% during the mid-seventies to 20-22% in the eighties and now reaches a mere 12%. This deindustrialization has been linked to: i) structural difficulties in the provision of basic services (energy, telecommunications, roads), and ii) the effect springing from the energy-mining boom, accompanied by a costly labor force and a rampant appreciation of the exchange rate, thus giving support to the DD hypothesis. On the econometric front, the VEC model supports the DD hypothesis for the period 1970-2010, as compared to the alternate hypothesis of ¿secular¿ deindustrialization. This is usually explained by the expansion of the services sector (due to relative gains in productivity and ¿modernization¿) and the level of development (gains in GDP per capita), which are typically linked to the developed world.Books on Demand GmbH, Überseering 33, 22297 Hamburg 56 pp. Englisch. Artikel-Nr. 9783659633874
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