Desempeño de las Empresas y Factores Institucionales en Colombia, 2002-2007 (Performance of Companies and Institutional Arrangements in Colombia, 2002-2007)

Revista de Economía Institucional Vol. 13, No. 25, p. 179, 2011

20 Pages Posted: 8 Feb 2012

See all articles by Andres Ramirez Hassan

Andres Ramirez Hassan

Universidad EAFIT - School of Economics and Finance - Center for Research in Economic & Finance (CIEF)

Ramiro Cadavid Montoya

affiliation not provided to SSRN

Santiago Garcia Pelaez

Universidad EAFIT

Date Written: 2011

Abstract

In this paper, we estimate a dynamic panel data model to determine the effect of various institutional factors on the performance of a sample of Colombian companies during the period 2002-2007. Our results indicate that the analyzed companies are affected by these factors. Institutions associated with property rights and contract compliance have significant effects on the growth of the firms. On the other hand, financial development does not have a significant effect.

Note: Downloadable document is in Spanish.

Keywords: neo-institutionalism, economic growth, violence, justice, financial development, industrial organization, dynamic models, generalized method of moments, Blundell-Bond method

JEL Classification: D02, D29, L00

Suggested Citation

Ramirez Hassan, Andres and Cadavid Montoya, Ramiro and Garcia Pelaez, Santiago, Desempeño de las Empresas y Factores Institucionales en Colombia, 2002-2007 (Performance of Companies and Institutional Arrangements in Colombia, 2002-2007) (2011). Revista de Economía Institucional Vol. 13, No. 25, p. 179, 2011, Available at SSRN: https://ssrn.com/abstract=2001001

Andres Ramirez Hassan (Contact Author)

Universidad EAFIT - School of Economics and Finance - Center for Research in Economic & Finance (CIEF) ( email )

Carrera 49 No. 7 South - 50
Bogotá
Colombia
05742619500 (Phone)

Ramiro Cadavid Montoya

affiliation not provided to SSRN ( email )

Santiago Garcia Pelaez

Universidad EAFIT ( email )

Carrera 49 N° 7 sur – 50
Bogotá, Antioquia 00000
Colombia

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