Two Hundred Years of Colombian Economic Growth: The Role of TFP

Alvaro J. Riascos
2011 Latin american journal of economics  
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. Jel classification: N1, N16, O47
doi:10.7764/laje.48.2.181 fatcat:363bct2wa5anndv6zht2bdnmwy