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Latin american journal of economics

versión On-line ISSN 0719-0433


RIASCOS, ALVARO J. TWO HUNDRED YEARS OF COLOMBIAN ECONOMIC GROWTH: THE ROLE OF TFP. Lat. Am. J. Econ. [online]. 2011, vol.48, n.2, pp.181-198. ISSN 0719-0433.

Using modern growth theory, we estimate Colombian total-factor productivity relative to the United Kingdom's for the last 200 years in order to match observed income differences. Our results show Colombia's remarkably inefficient use of technology relative to a country that is a leader in this regard and provide quantitative estimates of the proximate causes of relative income differences between the two economies.

Palabras clave : Long-run growth; total factor productivity; industrialization; Colombia; relative income differences.

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