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El costo de uso del capital y la inversión en Colombia 1990 – 2007

Author

Listed:
  • Jesús Botero G.
  • Andrés Ramírez Hassan
  • Juan Fernando Palacio

Abstract

Este documento presenta un cálculo del Costo de uso del capital para Colombia en el periodo 1990-2007. Seguidamente, contrasta este cálculo con la dinámica de la inversión en el mismo periodo. Se encuentra que la relación entre inversión y costo de uso es muy estrecha, y se comprueba que el enorme crecimiento de la inversión en los últimos periodos está asociado a niveles bajos y estables del costo de uso del capital. ***** This paper presents the construction of the use cost of capital for the Colombian economy in 1990-2007. Then, this calculation is contrasted with the dynamic of investment in the same period. It is found that the relation between investment and use cost of capital is very narrow, and it is proved that the large growth of investment in the last periods is associated with low and stable levels of the use cost of capital.

Suggested Citation

  • Jesús Botero G. & Andrés Ramírez Hassan & Juan Fernando Palacio, 2007. "El costo de uso del capital y la inversión en Colombia 1990 – 2007," Documentos de Trabajo de Valor Público 11114, Universidad EAFIT.
    • Handle: RePEc:col:000122:011114
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    File URL: http://repository.eafit.edu.co/bitstream/handle/10784/1172/2007_09_Jesus_Botero.pdf?sequence=1&isAllowed=y
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    Cited by:

    1. Carlos Andrés Cano Gamboa & Marcela Orozco Chávez & Luis Alfonso Sánchez Betancur, 2008. "Mecanismo de transmisión de las tasas de interés en Colombia (2001-2007)," Revista Cuadernos de Economia, Universidad Nacional de Colombia, FCE, CID, July.
    2. Jiménez R., Sergio & Sanaú V., Jaime, 2011. "Colombia: public capital and manufacturing productivity," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    3. Santiago Villegas Salazar, 2009. "Evidencia del canal de la hoja de balance a través de la inversión de las empresas colombianas (1995-2007)," Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia, vol. 27(60), pages 168-215, December.
    4. Steiner, Roberto, 2014. "Taxation and Economic Growth in Colombia," IDB Publications (Working Papers) 6379, Inter-American Development Bank.
    5. Jesús Botero & Andrés Ramírez Hassan & Diana Gutiérrez, 2011. "La transmisión de la política monetaria en Colombia: la inversión," Documentos de Trabajo de Valor Público 11107, Universidad EAFIT.

    More about this item

    Keywords

    Costo de uso del capital; inversión; egarch;
    All these keywords.

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General

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