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Determinantes de la inversión industrial en Colombia. 1960-1985

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  • Flora Elena Bustamante Álvarez

Abstract

The explanatory factors which have been considered when trying to account for changes in industrial investment in Colombia, have been mainly the effective demand and the availability of foreign currency. This paper describes the evolution of such investment during the period 1960-1985 considering how it was influenced by investment in the past, gross industrial profits, the real interest rate, and the real exchange rate. According to the econometric estimates performed in this paper, one can conclude that during the period 1960 -1985 industrial investment in Colombia was mainly determined by 5 variables: industrial product of the previous year, industrial investment of the previous year, real exchange rate, real interest rates and gross profits.

Suggested Citation

  • Flora Elena Bustamante Álvarez, 1989. "Determinantes de la inversión industrial en Colombia. 1960-1985," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 30, pages 53-89.
    • Handle: RePEc:lde:journl:y:1989:i:30:p:53-89
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    File URL: https://revistas.udea.edu.co/index.php/lecturasdeeconomia/issue/view/556
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    References listed on IDEAS

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    1. Leonardo Villar, 1985. "Determinantes de las importaciones en Colombia: un análisis econométrico," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 4(8), pages 61-100, December.
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    Keywords

    Inversión industrial; Colombia;

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