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. http://dx.doi.org/10.4067/S0719-04332011000200004.
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.