Deindustrialization in Colombia: Quantitative Analysis of Determinants - Couverture souple

Clavijo, Sergio; Vera, Alejandro; Fandino, Alejandro

 
9783659633874: Deindustrialization in Colombia: Quantitative Analysis of Determinants
Couverture souple
ISBN 10 : 3659633879 ISBN 13 : 9783659633874
Editeur : LAP LAMBERT Academic Publishing, 2014

Synopsis

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.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Présentation de l'éditeur

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.

Biographie de l'auteur

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).

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
LAP LAMBERT Academic Publishing
Date d'édition
2014
Langue
anglais
ISBN 10 
3659633879
ISBN 13 
9783659633874
Reliure
Broché
Nombre de pages
56
Coordonnées du fabricant
non disponible
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