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Efectos reales de la política fiscal en Colombia: 1990-2007

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  • Henry Laverde

Abstract

La evidencia internacional muestra que la actividad económica se ve afectada por los choques de la política fiscal. En este trabajo se caracterizan los efectos dinámicos del gasto y los ingresos del Gobierno nacional colombiano sobre el producto interno bruto (PIB) y la demanda agregada para el periodo 1990-2007. Para ello se utiliza un modelo estructural de vectores autorregresivos (SVAR) con información trimestral. Los resultados evidencian los efectos keynesianos tanto de la tributación como del gasto gubernamental y de sus componentes (consumo e inversión), aunque sus efectos son de baja persistencia.******International evidence shows that economic activity is affected by fiscal policy shocks. In this paper we characterize the dynamic effects of spending and the Colombian government revenues on GDP and aggregate demand for the period 1990-2007. This model uses a structural VAR (SVAR) with quarterly reporting. The results provide evidence of both Keynesian effects of taxation and government spending and its components (consumption and investment), although the effects are of low persistence.

Suggested Citation

  • Henry Laverde, 2009. "Efectos reales de la política fiscal en Colombia: 1990-2007," Revista Finanzas y Politica Economica, Universidad Católica de Colombia, vol. 1(2), pages 91-108, December.
    • Handle: RePEc:col:000443:015455
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