Exports and Economic Growth in Boyacá Colombia 1980-2015
This article analyses the relationship between Boyacá’s gross domestic product and its exports from 1980 to 2015. Evidence is found to validate the hypothesis that affirms that economic growth is strongly influenced by exports. A time series econometric model (VAR) is used. The results obtained thro...
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| Format: | Online |
| Language: | spa |
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Universidad Pedagógica y Tecnológica de Colombia
2018
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| Online Access: | https://revistas.uptc.edu.co/index.php/cenes/article/view/7122 |
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| author | Cáceres-Rodríguez, Willyam Agudelo-Cely, Omaira Inés Tejedor-Estupiñán, Ricardo Alonso |
| author_facet | Cáceres-Rodríguez, Willyam Agudelo-Cely, Omaira Inés Tejedor-Estupiñán, Ricardo Alonso |
| author_sort | Cáceres-Rodríguez, Willyam |
| collection | OJS |
| description | This article analyses the relationship between Boyacá’s gross domestic product and its exports from 1980 to 2015. Evidence is found to validate the hypothesis that affirms that economic growth is strongly influenced by exports. A time series econometric model (VAR) is used. The results obtained through the application of the Johansen cointegration test and the Granger causality test indicate that mainly industrial exports and, to a lesser degree, primary exports, cause a positive impact on the gross productof exports. The impulse-response tests also corroborate this relation. The above confirms the importance of foreign trade as a means of enhancing the comparative advantages that Boyacá’s export supply offers. |
| format | Online |
| id | oai:oai.revistas.uptc.edu.co:article-7122 |
| institution | Revista Apuntes del Cenes |
| language | spa |
| publishDate | 2018 |
| publisher | Universidad Pedagógica y Tecnológica de Colombia |
| record_format | ojs |
| spelling | oai:oai.revistas.uptc.edu.co:article-71222022-08-10T02:45:50Z Exports and Economic Growth in Boyacá Colombia 1980-2015 Las exportaciones y el crecimiento económico en Boyacá Colombia 1980-2015 Cáceres-Rodríguez, Willyam Agudelo-Cely, Omaira Inés Tejedor-Estupiñán, Ricardo Alonso regional economy primary exports industrial exports economic growth exchange rate economía regional exportaciones primarias exportaciones industriales crecimiento económico tipo de cambio This article analyses the relationship between Boyacá’s gross domestic product and its exports from 1980 to 2015. Evidence is found to validate the hypothesis that affirms that economic growth is strongly influenced by exports. A time series econometric model (VAR) is used. The results obtained through the application of the Johansen cointegration test and the Granger causality test indicate that mainly industrial exports and, to a lesser degree, primary exports, cause a positive impact on the gross productof exports. The impulse-response tests also corroborate this relation. The above confirms the importance of foreign trade as a means of enhancing the comparative advantages that Boyacá’s export supply offers. Este artículo analiza la relación entre el crecimiento del producto interno bruto y las exportaciones del departamento de Boyacá durante el período 1980-2015. Se encuentra evidencia para validar la hipótesis que afirma que el crecimiento económico está fuertemente influenciado por las exportaciones. Se utiliza un modelo econométrico de series de tiempo (VAR). Los resultados obtenidos a través de la aplicación de las pruebas de cointegración de Johansen y causalidad de Granger indican que las exportaciones industriales principalmente y, en menor medida, las exportaciones primarias causan impactos positivos en el producto neto de exportaciones. Las pruebas de impulso respuesta también corroboran dicha relación. Lo anterior confirma la importancia que tiene el comercio exterior como medio para potenciar las ventajas comparativas que ofrece la oferta exportadora del departamento de Boyacá. Universidad Pedagógica y Tecnológica de Colombia 2018-02-06 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer reviewed Article application/pdf application/xml https://revistas.uptc.edu.co/index.php/cenes/article/view/7122 10.19053/01203053.v37.n65.2018.7122 Apuntes del Cenes; Vol. 37 No. 65 (2018); 175-211 Apuntes del Cenes; Vol. 37 Núm. 65 (2018); 175-211 2256-5779 0120-3053 spa https://revistas.uptc.edu.co/index.php/cenes/article/view/7122/6042 https://revistas.uptc.edu.co/index.php/cenes/article/view/7122/7988 Copyright (c) 2018 Willyam Cáceres Rodríguez, Omaira Inés Agudelo-Cely, Ricardo Alonso Tejedor-Estupiñán http://creativecommons.org/licenses/by-nc-sa/4.0 |
| spellingShingle | regional economy primary exports industrial exports economic growth exchange rate economía regional exportaciones primarias exportaciones industriales crecimiento económico tipo de cambio Cáceres-Rodríguez, Willyam Agudelo-Cely, Omaira Inés Tejedor-Estupiñán, Ricardo Alonso Exports and Economic Growth in Boyacá Colombia 1980-2015 |
| title | Exports and Economic Growth in Boyacá Colombia 1980-2015 |
| title_alt | Las exportaciones y el crecimiento económico en Boyacá Colombia 1980-2015 |
| title_full | Exports and Economic Growth in Boyacá Colombia 1980-2015 |
| title_fullStr | Exports and Economic Growth in Boyacá Colombia 1980-2015 |
| title_full_unstemmed | Exports and Economic Growth in Boyacá Colombia 1980-2015 |
| title_short | Exports and Economic Growth in Boyacá Colombia 1980-2015 |
| title_sort | exports and economic growth in boyaca colombia 1980 2015 |
| topic | regional economy primary exports industrial exports economic growth exchange rate economía regional exportaciones primarias exportaciones industriales crecimiento económico tipo de cambio |
| topic_facet | regional economy primary exports industrial exports economic growth exchange rate economía regional exportaciones primarias exportaciones industriales crecimiento económico tipo de cambio |
| url | https://revistas.uptc.edu.co/index.php/cenes/article/view/7122 |
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