Evaluando Impactos Externos Mediante Un Modelo De Equilibrio General Computable Con Competencia Imperfecta: El Caso Colombiano (Evaluating External Shocks Through a Computable General Equilibrium Model Under Imperfect Competition: Colombian Case)

31 Pages Posted: 28 Jun 2014

See all articles by Jesús Botero

Jesús Botero

Universidad EAFIT; Universidad EAFIT - School of Economics and Finance - Center for Research in Economic & Finance (CIEF)

Diana Gutierrez

Universidad EAFIT

Date Written: August 2008

Abstract

Spanish Abstract: Mediante un modelo de equilibrio general computable, en el que se discrimina un sector informal en la economía, se modela el sector formal como un mercado de competencia monopolística. Además de incluir mercados de trabajo discriminados, este modelo también evalúa el impacto del creciente flujo de inversión extranjera, del aumento de precio de los bienes básicos, y del aumento del volumen de las exportaciones sobre la economía colombiana. Se concluye que algo más de la mitad del crecimiento observado puede explicarse por el efecto de los factores mencionados. No obstante, se señala la importancia de las políticas internas para aprovechar las coyunturas favorables, y para minimizar el efecto de circunstancias negativas sobre el desempeño económico.

English Abstract: Based on a computable general equilibrium model, in which an informal sector in the economy is discriminated, the formal sector is modeled as a monopolistic competition market. In addition to include discriminated labour markets, this model also includes the assessment impacts such as the increment of:foreign investment flows, price of commodities, and the volume of exports in the Colombian economy. This paper concludes that just over half of the observed growth can be explained by the effect of the above factors, and highlights the importance of domestic policies to take advantage of the good times, and to minimize the effect of negative circumstances on economic performance.

Note: Downloadable document is in Spanish.

Keywords: Modelo de Equilibrio General Computable, Competencia Imperfecta, Competencia Monopolística, Colombia

JEL Classification: D50, D58, D59, F12

Suggested Citation

Botero, Jesús and Gutierrez, Diana, Evaluando Impactos Externos Mediante Un Modelo De Equilibrio General Computable Con Competencia Imperfecta: El Caso Colombiano (Evaluating External Shocks Through a Computable General Equilibrium Model Under Imperfect Competition: Colombian Case) (August 2008). Center for Research in Economics and Finance (CIEF), Working Papers, No. 08-18, Available at SSRN: https://ssrn.com/abstract=2459623 or http://dx.doi.org/10.2139/ssrn.2459623

Jesús Botero (Contact Author)

Universidad EAFIT ( email )

Carrera 49 N° 7 sur – 50
Bogotá, Antioquia 00000
Colombia

Universidad EAFIT - School of Economics and Finance - Center for Research in Economic & Finance (CIEF) ( email )

Carrera 49 No. 7 South - 50
Bogotá
Colombia

Diana Gutierrez

Universidad EAFIT ( email )

Carrera 49 N° 7 sur – 50
Bogotá, Antioquia 00000
Colombia

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