Factor shares and growth accounting in colombia (1984-2005). A new growth accounting methodology

Hernando Zuleta, Julián Parada, Andrés García, Jacobo Campo

Resultado de la investigación: Contribución a RevistaArtículo

3 Citas (Scopus)

Resumen

We provide three basic elements for the analysis of the economic growth in Colombia: In order to get the factor shares, we separate produced physical capital income from natural capital income and raw labor income from the human capital income. We find that the share of reproducible factors has an increasing trend (as suggested by biased innovations models). Second, given the non-stationarity of the factor shares, in order to compute the multifactorial productivity, we need to find correct measures of the factors. We use an empirical method to identify such measures and we apply it to Colombian data. Finally, using the new calculations, we perform an exercise of growth accounting. This procedure allows us to identify with more precision the behavior of total factor productivity.
Idioma originalEnglish (US)
Páginas (desde-hasta)71-121
Número de páginas51
PublicaciónDesarrollo y Sociedad
EstadoPublished - ene 1 2010

Huella dactilar

Colombia
income
methodology
productivity
total factor productivity
natural capital
empirical method
human capital
economic growth
innovation
labor
accounting
Growth accounting
Methodology
Factor shares
Income
trend
Factors

Citar esto

Zuleta, Hernando ; Parada, Julián ; García, Andrés ; Campo, Jacobo. / Factor shares and growth accounting in colombia (1984-2005). A new growth accounting methodology. En: Desarrollo y Sociedad. 2010 ; pp. 71-121.
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Factor shares and growth accounting in colombia (1984-2005). A new growth accounting methodology. / Zuleta, Hernando; Parada, Julián; García, Andrés; Campo, Jacobo.

En: Desarrollo y Sociedad, 01.01.2010, p. 71-121.

Resultado de la investigación: Contribución a RevistaArtículo

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