Hydrocarbon Exports and Economic Growth in Colombia 1960-2016: An Analysis according to the Dutch Disease Hypothesis
The “Dutch disease” hypothesis predicts that there is a negative relationship between exports of primary goods and the tradable sector of the economy (mainly industry), thus ending up affecting economic growth. This work analyzes this phenomenon in the case of the main Colombian exports, oil and coa...
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| Format: | Online |
| Language: | spa |
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Universidad Pedagógica y Tecnológica de Colombia
2020
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| Online Access: | https://revistas.uptc.edu.co/index.php/cenes/article/view/10421 |
| _version_ | 1801705962324623360 |
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| author | Vargas-Restrepo, Johnny Humberto Saldarriaga-Muñoz, Juan Pablo |
| author_facet | Vargas-Restrepo, Johnny Humberto Saldarriaga-Muñoz, Juan Pablo |
| author_sort | Vargas-Restrepo, Johnny Humberto |
| collection | OJS |
| description | The “Dutch disease” hypothesis predicts that there is a negative relationship between exports of primary goods and the tradable sector of the economy (mainly industry), thus ending up affecting economic growth. This work analyzes this phenomenon in the case of the main Colombian exports, oil and coal. The effect of exports of these fuels on the exchange rate, the tradable sector of the economy and the rate of Colombian economic growth during the period 1960-2016 was modeled using time series, and the results show that this hypothesis is fulfilled. Additionally, it was tested whether the opening processes also caused effects similar to those of the Dutch disease, but no evidence of this was found. |
| format | Online |
| id | oai:oai.revistas.uptc.edu.co:article-10421 |
| institution | Revista Apuntes del Cenes |
| language | spa |
| publishDate | 2020 |
| publisher | Universidad Pedagógica y Tecnológica de Colombia |
| record_format | ojs |
| spelling | oai:oai.revistas.uptc.edu.co:article-104212022-06-17T21:35:35Z Hydrocarbon Exports and Economic Growth in Colombia 1960-2016: An Analysis according to the Dutch Disease Hypothesis Las exportaciones de hidrocarburos y el crecimiento económico en Colombia 1960-2016: un análisis según la hipótesis de la enfermedad holandesa Vargas-Restrepo, Johnny Humberto Saldarriaga-Muñoz, Juan Pablo economic growth; fuels; Dutch disease; natural resources; industry; exchange rate; exports; crecimiento económico; combustibles; enfermedad holandesa; recursos naturales; industria; tipo de cambio; exportaciones; The “Dutch disease” hypothesis predicts that there is a negative relationship between exports of primary goods and the tradable sector of the economy (mainly industry), thus ending up affecting economic growth. This work analyzes this phenomenon in the case of the main Colombian exports, oil and coal. The effect of exports of these fuels on the exchange rate, the tradable sector of the economy and the rate of Colombian economic growth during the period 1960-2016 was modeled using time series, and the results show that this hypothesis is fulfilled. Additionally, it was tested whether the opening processes also caused effects similar to those of the Dutch disease, but no evidence of this was found. La hipótesis de la “enfermedad holandesa” prevé que existe una relación negativa entre las exportaciones de bienes primarios y el sector transable de la economía (principalmente la industria), de ese modo se termina afectando el crecimiento económico. En este trabajo se analiza este fenómeno para el caso de las principales exportaciones Colombia, petróleo y carbón. Por medio de series de tiempo se modeló el efecto de las exportaciones de estos combustibles sobre el tipo de cambio, el sector transable de economía y la tasa de crecimiento económico colombiano durante el periodo 1960-2016, y los resultados muestran que se cumple esa hipótesis. Adicionalmente se testeó si los procesos de apertura causaron también efectos similares a los de la enfermedad holandesa, pero no se encontró evidencia de ello. Universidad Pedagógica y Tecnológica de Colombia 2020-08-10 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer reviewed Article Texto application/pdf text/xml https://revistas.uptc.edu.co/index.php/cenes/article/view/10421 10.19053/01203053.v39.n70.2020.10421 Apuntes del Cenes; Vol. 39 No. 70 (2020); 167-182 Apuntes del Cenes; Vol. 39 Núm. 70 (2020); 167-182 2256-5779 0120-3053 spa https://revistas.uptc.edu.co/index.php/cenes/article/view/10421/9838 https://revistas.uptc.edu.co/index.php/cenes/article/view/10421/11555 Copyright (c) 2020 Johnny Humberto Vargas-Restrepo, Juan Pablo Saldarriaga-Muñoz http://creativecommons.org/licenses/by-nc-sa/4.0 |
| spellingShingle | economic growth; fuels; Dutch disease; natural resources; industry; exchange rate; exports; crecimiento económico; combustibles; enfermedad holandesa; recursos naturales; industria; tipo de cambio; exportaciones; Vargas-Restrepo, Johnny Humberto Saldarriaga-Muñoz, Juan Pablo Hydrocarbon Exports and Economic Growth in Colombia 1960-2016: An Analysis according to the Dutch Disease Hypothesis |
| title | Hydrocarbon Exports and Economic Growth in Colombia 1960-2016: An Analysis according to the Dutch Disease Hypothesis |
| title_alt | Las exportaciones de hidrocarburos y el crecimiento económico en Colombia 1960-2016: un análisis según la hipótesis de la enfermedad holandesa |
| title_full | Hydrocarbon Exports and Economic Growth in Colombia 1960-2016: An Analysis according to the Dutch Disease Hypothesis |
| title_fullStr | Hydrocarbon Exports and Economic Growth in Colombia 1960-2016: An Analysis according to the Dutch Disease Hypothesis |
| title_full_unstemmed | Hydrocarbon Exports and Economic Growth in Colombia 1960-2016: An Analysis according to the Dutch Disease Hypothesis |
| title_short | Hydrocarbon Exports and Economic Growth in Colombia 1960-2016: An Analysis according to the Dutch Disease Hypothesis |
| title_sort | hydrocarbon exports and economic growth in colombia 1960 2016 an analysis according to the dutch disease hypothesis |
| topic | economic growth; fuels; Dutch disease; natural resources; industry; exchange rate; exports; crecimiento económico; combustibles; enfermedad holandesa; recursos naturales; industria; tipo de cambio; exportaciones; |
| topic_facet | economic growth; fuels; Dutch disease; natural resources; industry; exchange rate; exports; crecimiento económico; combustibles; enfermedad holandesa; recursos naturales; industria; tipo de cambio; exportaciones; |
| url | https://revistas.uptc.edu.co/index.php/cenes/article/view/10421 |
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