Download This PaperCointegration of Economic Growth and External Balance in Colombia: 1963-2016
33 Pages Posted: 14 Aug 2018
Date Written: December 31, 2017
Abstract
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.
Keywords: Economic growth, External balance, Trade balance, Colombia, VEC model
JEL Classification: F00, F14, F17, F43, F47
Suggested Citation: Suggested Citation
Barón Ortegón, Brayan Alexander and Barón Ortegón, Brayan Alexander, Cointegration of Economic Growth and External Balance in Colombia: 1963-2016 (December 31, 2017). Available at SSRN: https://ssrn.com/abstract=3215330 or http://dx.doi.org/10.2139/ssrn.3215330
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