Could the Colombian Economy Grow Faster? How it Would be Possible?

Carlos Esteban Posada
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Abstract

This paper presents an economic growth model based on the positive externalities generated by the accumulations of physical and human capital. Such externalities imply, at the macroeconomic level, increasing returns to scale. The model helps to better understand the Colombian economic growth process from 2005-2019, and make conditional forecasts. One of the big obstacles in Colombia to have higher growth rates of the per capita product in the long term is everything that is slowing down a higher human capital growth rate and a greater creation of externalities derived from human capital, that is, everything that is hindering improvements in coverage and quality of the educational process.
哥伦比亚经济能否更快增长?这怎么可能?
本文提出了一个基于物质资本和人力资本积累所产生的正外部性的经济增长模型。在宏观经济层面上,这种外部性意味着规模回报的增加。该模型有助于更好地理解哥伦比亚2005-2019年的经济增长过程,并做出有条件的预测。从长远来看,哥伦比亚实现更高人均产品增长率的一大障碍是减缓人力资本增长率的各种因素,以及人力资本产生的更大的外部性,也就是说,阻碍教育进程覆盖面和质量改善的各种因素。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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