Protectionism and productivity in colombian industry, 1993-2011

Autor o Editor
Juan José Echavarría,
Iader Giraldo,
Fernando Jaramillo

The series Borradores de Economía (Working Papers on Economics) contributes to the dissemination and promotion of the work by researchers from the institution. On multiple occasions, these works have been the result of collaborative work with individuals from other national or international institutions. This series is indexed at Research Papers in Economics (RePEc)

Fecha de publicación

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.




This document analyzes the evolution of total factor productivity in Colombian industry between 1993 and 2011 using data at the firm level. The determination of total factor productivity is quite important because of its implications for economic growth, innovation and the income levels in the country. Once the evolution of total factor productivity is defined, its determinants are studied. Fundamentally, we considered specifications that evaluate the importance of the economic opening and the level of production concentration on productivity levels. The results show a stagnation in the productivity levels in the manufacturing industry of the country and, in addition, a direct relationship is identified between the firm’s integration levels to international markets and their productivity.