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Nueva Granada's GDP in 1800: Colonial Boom, Republican Stagnation

Revista de Economía Institucional, Vol. 8, No. 15, Second Semester 2006

23 Pages Posted: 4 Dec 2006  

Salomon Kalmanovitz

Jorge Tadeo Lozano University

Abstract

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

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

Salomon Kalmanovitz (Contact Author)

Jorge Tadeo Lozano University ( email )

Carrera 4 # 22 - 61
Bogota, Cund 57
Colombia

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