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Cointegration of Economic growth and External balance in Colombia: 1963-2016

Barón Ortegón, Brayan Alexander (2018): Cointegration of Economic growth and External balance in Colombia: 1963-2016.

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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.

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  • Cointegration of Economic growth and External balance in Colombia: 1963-2016. (deposited 22 Jul 2018 12:19) [Currently Displayed]
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