The Relative Efficiency of the Real Sector versus the Financial Sector of the Colombian Economy
The objective of this research is to compare the companies of the real sector of the economy and the entities of the Colombian financial sector for the year 2014, in terms of relative efficiency, through the application of the Data Envelopment Analysis (DEA) methodology. For a country like Colombia,...
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| Format: | Online |
| Language: | spa |
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Universidad Pedagógica y Tecnológica de Colombia
2017
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| Online Access: | https://revistas.uptc.edu.co/index.php/cenes/article/view/5258 |
| _version_ | 1801705955246735360 |
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| author | Rodriguez Lozano, Gloria Isabel Sarmiento Muñoz, Michael Hernando |
| author_facet | Rodriguez Lozano, Gloria Isabel Sarmiento Muñoz, Michael Hernando |
| author_sort | Rodriguez Lozano, Gloria Isabel |
| collection | OJS |
| description | The objective of this research is to compare the companies of the real sector of the economy and the entities of the Colombian financial sector for the year 2014, in terms of relative efficiency, through the application of the Data Envelopment Analysis (DEA) methodology. For a country like Colombia, belonging to the emerging economies, it is important to conduct this study to determine how far these two sectors are efficient or inefficient, given the importance they have in generating development and reducing social inequalities. We take as source of information the Superintendencia de Sociedades and the Superintendencia Financiera. 26,799 companies in the real sector and financial sector entities 254 were analyzed resulting in better indicators for the financial sector and within this, the insurance industry stands. However it is necessary that these two sectors improve their performance to the extent that only 2.6% of studied companies and entities are efficient. |
| format | Online |
| id | oai:oai.revistas.uptc.edu.co:article-5258 |
| institution | Revista Apuntes del Cenes |
| language | spa |
| publishDate | 2017 |
| publisher | Universidad Pedagógica y Tecnológica de Colombia |
| record_format | ojs |
| spelling | oai:oai.revistas.uptc.edu.co:article-52582022-11-16T16:03:55Z The Relative Efficiency of the Real Sector versus the Financial Sector of the Colombian Economy La eficiencia relativa del sector real vs. la del sector financiero de la economía colombiana Rodriguez Lozano, Gloria Isabel Sarmiento Muñoz, Michael Hernando Data Envelopment Analysis (DEA) finance and trade financial institutions non-financial institutions total factor productivity. análisis envolvente de datos finanzas y comercio instituciones financieras instituciones no financieras productividad total de los factores The objective of this research is to compare the companies of the real sector of the economy and the entities of the Colombian financial sector for the year 2014, in terms of relative efficiency, through the application of the Data Envelopment Analysis (DEA) methodology. For a country like Colombia, belonging to the emerging economies, it is important to conduct this study to determine how far these two sectors are efficient or inefficient, given the importance they have in generating development and reducing social inequalities. We take as source of information the Superintendencia de Sociedades and the Superintendencia Financiera. 26,799 companies in the real sector and financial sector entities 254 were analyzed resulting in better indicators for the financial sector and within this, the insurance industry stands. However it is necessary that these two sectors improve their performance to the extent that only 2.6% of studied companies and entities are efficient. El objetivo de esta investigación es comparar las empresas del sector real de la economía y las entidades del sector financiero colombiano para el año 2014, en términos de eficiencia relativa, mediante la aplicación de la metodología Data Envelopment Analysis (DEA). Para un país como Colombia, perteneciente a las economías emergentes, es importante la realización de este estudio para determinar hasta dónde estos dos sectores son eficientes o ineficientes, dada la importancia que tienen en la generación de desarrollo y en la disminución de las desigualdades sociales. Se toman como fuente de información la Superintendencia de Sociedades y la Superintendencia Financiera. Se analizaron 26.799 empresas del sector real y 254 entidades del sector financiero, lo que dio como resultado mejores indicadores para el sector financiero y, dentro de este, se destacó la industria aseguradora. Sin embargo, es necesario que estos dos sectores mejoren su desempeño, ya que solo el 2,6 % de las empresas y entidades estudiadas es eficiente. Universidad Pedagógica y Tecnológica de Colombia 2017-06-20 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer reviewed Article text/html application/pdf https://revistas.uptc.edu.co/index.php/cenes/article/view/5258 10.19053/01203053.v36.n64.2017.5258 Apuntes del Cenes; Vol. 36 No. 64 (2017); 111-138 Apuntes del Cenes; Vol. 36 Núm. 64 (2017); 111-138 2256-5779 0120-3053 spa https://revistas.uptc.edu.co/index.php/cenes/article/view/5258/5474 https://revistas.uptc.edu.co/index.php/cenes/article/view/5258/5666 Copyright (c) 2017 Gloria Isabel Rodriguez Lozano, Michael Hernando Sarmiento Muñoz http://creativecommons.org/licenses/by-nc-sa/4.0 |
| spellingShingle | Data Envelopment Analysis (DEA) finance and trade financial institutions non-financial institutions total factor productivity. análisis envolvente de datos finanzas y comercio instituciones financieras instituciones no financieras productividad total de los factores Rodriguez Lozano, Gloria Isabel Sarmiento Muñoz, Michael Hernando The Relative Efficiency of the Real Sector versus the Financial Sector of the Colombian Economy |
| title | The Relative Efficiency of the Real Sector versus the Financial Sector of the Colombian Economy |
| title_alt | La eficiencia relativa del sector real vs. la del sector financiero de la economía colombiana |
| title_full | The Relative Efficiency of the Real Sector versus the Financial Sector of the Colombian Economy |
| title_fullStr | The Relative Efficiency of the Real Sector versus the Financial Sector of the Colombian Economy |
| title_full_unstemmed | The Relative Efficiency of the Real Sector versus the Financial Sector of the Colombian Economy |
| title_short | The Relative Efficiency of the Real Sector versus the Financial Sector of the Colombian Economy |
| title_sort | relative efficiency of the real sector versus the financial sector of the colombian economy |
| topic | Data Envelopment Analysis (DEA) finance and trade financial institutions non-financial institutions total factor productivity. análisis envolvente de datos finanzas y comercio instituciones financieras instituciones no financieras productividad total de los factores |
| topic_facet | Data Envelopment Analysis (DEA) finance and trade financial institutions non-financial institutions total factor productivity. análisis envolvente de datos finanzas y comercio instituciones financieras instituciones no financieras productividad total de los factores |
| url | https://revistas.uptc.edu.co/index.php/cenes/article/view/5258 |
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