Cointegration of economic growth and external balance in Colombia: 1963-2016

Barón Ortegón, Brayan Alexander

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%T Cointegration of economic growth and external balance in Colombia: 1963-2016
%A Barón Ortegón, Brayan Alexander
%P 34
%D 2018
%K VEC-Modell
%> https://nbn-resolving.org/urn:nbn:de:0168-ssoar-58085-2
%X In this paper is analyzed the relation between GDP growth and External balance in Colombia for the study period (1963-2016) by using a VECM. Supposing everything else unchanged, we conclude that Colombian external balance granger caused GDP growth and there was indeed a long run relation between both variables. This outcome helps to explain the Colombian GDP growth dynamics over the last fifty years and the impact of trade policy on economic growth.
%C MISC
%G en
%9 Forschungsbericht
%W GESIS - http://www.gesis.org
%~ SSOAR - http://www.ssoar.info