Revista de Economía Institucional, Vol. 8, No. 15, Second Semester 2006
23 Pages Posted: 4 Dec 2006
This article measures Nueva Granada's GDP before its Independence, analyzes its economic growth during 1785-1810 and considers some hypothesis about its continuity in the 19th century, with an ending reference point in 1905. These measures are used to make international comparisons with other Latin-American countries and the U.S. economy and to evaluate the share of colonial taxes, transferences to the metropolis, the openness of the economy and the weights of the different sectors in the viceroyalty GDP. The article also highlights the costs of Independence, which are related to the ensuing political disorder and the imperfect democratic institutions built on weak foundations.
Notes: Downloadable document is in Spanish.
Keywords: Nueva Granada, colonial taxes, transferences, institutions
JEL Classification: N16, N46
Suggested Citation: Suggested Citation
Kalmanovitz, Salomon, Nueva Granada's GDP in 1800: Colonial Boom, Republican Stagnation. Revista de Economía Institucional, Vol. 8, No. 15, Second Semester 2006. Available at SSRN: https://ssrn.com/abstract=948702