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Foreign and Domestic Firms in Colombia:Exports, Imports and External Debt

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  • Peter Rowland

Abstract

This is the third of three papers investigating the differences between foreign and domestic firms in Colombia. The study uses a dataset containing the 2003 balance sheets and income statements for some 7,001 firms obtained from the Superintendencia de Sociedades. This dataset is crossed with a database of the Banco de la República, containing data on exports, imports and external debt. Foreign firms are shown to both export and import more than their domestic counterparts. Foreign firms are also shown to hold much more external debt than their domestic counterparts. The paper also studies different business sectors, and it is shown that there are large variations between different sectors in terms of exports, imports and external debt.

Suggested Citation

  • Peter Rowland, 2005. "Foreign and Domestic Firms in Colombia:Exports, Imports and External Debt," Borradores de Economia 355, Banco de la Republica de Colombia.
    • Handle: RePEc:bdr:borrec:355
    DOI: 10.32468/be.355
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    Cited by:

    1. Garavito-Acosta, Aarón Levi & Iregui-Bohórquez, Ana María & Ramírez-Giraldo, María Teresa, 2013. "Inversión extranjera directa en Colombia : evolución, indicadores y determinantes por firma," Chapters, in: Rincón-Castro, Hernán & Velasco, Andrés M. (ed.), Flujos de capitales, choques externos y respuestas de política en países emergentes, chapter 3, pages 83-136, Banco de la Republica de Colombia.

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