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The External Vulnerability of the Colombian Economy 1990-2015: A Comparative Analysis

Author

Listed:
  • Luis Hernando Portillo-Riascos

    (Universidad de Nariño)

  • Edinson Ortiz-Benavides

    (Universidad de Nariño)

Abstract

The objective of this study is to quantify the external vulnerability of the Colombian economyfrom 1990 to 2015. To achieve this purpose, two indicators were calculated, taking the proposal ofAbeles and Valdecantos (2016) as reference. The results proved that the Colombian economy, duringthe period studied, increased its real and financial vulnerability. Facing this finding, the argument ismade that the country’s greatest external vulnerability is explained for two reasons: (a) the inability ofthis economy to modify her model of commercial insertion based on the exploitation of natural resourcesand (b) the increase in dependence of the external financing

Suggested Citation

  • Luis Hernando Portillo-Riascos & Edinson Ortiz-Benavides, 2021. "The External Vulnerability of the Colombian Economy 1990-2015: A Comparative Analysis," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 94, pages 11-46, Enero-Jun.
    • Handle: RePEc:lde:journl:y:2021:i:94:p:11-46
    DOI: 10.17533/udea.le.n94a339023
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    References listed on IDEAS

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    More about this item

    Keywords

    real vulnerability? financial vulnerability? external vulnerability;

    JEL classification:

    • F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

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