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Why No Hyperinflation in Colombia? On the Determinants of Stable Economic Policies

Imagine a country whose inflation rate has recently surpassed 300% a year, and during some months even surpassed the 50% level that was estabilished as a benchmark for the definition of Phillip Cagan's classic study on the subject. This rapid inflation led to a devaluation of the local currency...

Trends, Fluctuations, and Determinants of Commodity Prices

A threefold analysis of commodity prices is carried out to observe their long-run behaviour, their short-run properties and the main determinants. According to the evidence, the Prebisch-Singer hypothesis does not seem to be a property of most prices. The cycles of commodity prices are...

Regional Structural Changes in Colombia: An Input-Output Approach

No previous work has focused on the analysis of the regional and interregional structure and structural changes in Colombia. An initial exploration using a parsimonious approach to the measurement of interregional interaction suggested a country with limited spatial interdependency. These...

Preferences, Uncertainty, and Biases in Land Division: A Bargaining Experiment in the Field

The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.

 

Market access, agricultural productivity and selection into trade: evidence from Colombia

 

The opinions contained in this document are the sole responsibility of the authors and do not commit Banco de la República or its Board of Directors.

 

 

Identifying the key factors of growth in natural resource-driven countries. A look from the knowledge-based economy

The effect of natural resources (NR) on growth has been a topic widely discussed in the economics literature. The evidence shows a predominant negative impact of this, but this can be neutralized if countries adopt a more knowledge-intensive industrial structure. This paper seeks to explore the...

Dutch Disease and Banana Exports in the Colombian Caribbean, 1910-1950

Dutch disease and banana exports in the Dutch disease and banana exports in the Colombian caribbean, 1910 - 1950

     Resumen In 1994, the seven departaments of the Colombian Caribbean had a population of about 7.2 million, representing 21% of the conuntry's total....