Trade liberalization effects under different presidential regimes on Colombian´s economics growth

This research evaluated the effects of trade openness in the different presidential terms, in economic growth in Colombia (1970-2009). Drawing on the main institutional reforms and trade agreements relating to the management of trade liberalization and the dynamics of exports and imports disaggregat...

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Detalles Bibliográficos
Autores principales: García-Correa, Concepción, Escorcia-San Juan, Dina Paola
Formato: Revistas
Lenguaje:Español
Publicado: Universidad de Cartagena 2012
Acceso en línea:https://revistas.unicartagena.edu.co/index.php/panoramaeconomico/article/view/338
Descripción
Sumario:This research evaluated the effects of trade openness in the different presidential terms, in economic growth in Colombia (1970-2009). Drawing on the main institutional reforms and trade agreements relating to the management of trade liberalization and the dynamics of exports and imports disaggregated Colombia.  y developing an ANOVA model was compared and identified the degree of trade liberalization on the different presidential terms, considering periods of openness to those governments in which the degree of openness was statistically similar to the presidential term of Cesar Gaviria Trujillo (base category, and / or comparison) and protection of journalists that were statistically lower. Subsequently developed a model ANCOVA, where economic growth depended on the degree of trade openness and a dummy variable indicating the presence or absence of presidential openness. The research results show that administrations of Alfonso López Michelsen and Virgilio Barco had obtained a similar openness to the government of Cesar Gaviria. In addition, it appears that only three of the ten presidential terms was studied an average trade balance surplus in Colombia. In conclusion, the relationship between trade openness and economic growth in Colombia is reversed and there is no difference in the effect caused by the presence of presidential disclosure and protection in the country’s economic growth.