The awakening of an Andean tiger: ¿Can Colombian's recent growth create enough employment?

Economic growth has been on the rise in Colombia and surpassed 6% in 2006 and 2007. Has growth been enough to absorb Colombian workers? Jobless growth seems to have marked Colombia’s recent economic history. Over time, periods of high growth in Colombia have been associated with increases in employm...

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Autor principal: Escobar-Espinoza, Andres
Formato: Revistas
Lenguaje:Español
Publicado: Universidad de Cartagena 2009
Acceso en línea:https://revistas.unicartagena.edu.co/index.php/panoramaeconomico/article/view/371
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author Escobar-Espinoza, Andres
author_facet Escobar-Espinoza, Andres
author_sort Escobar-Espinoza, Andres
collection Revista
description Economic growth has been on the rise in Colombia and surpassed 6% in 2006 and 2007. Has growth been enough to absorb Colombian workers? Jobless growth seems to have marked Colombia’s recent economic history. Over time, periods of high growth in Colombia have been associated with increases in employment. During periods of high growth (1974-80 and 1985-1994), one percent increase in Colombian manufacturing GDP translated into an increase of about 0.3 to 0.5 percent in employment. However, during the most recent growth period (20012005), permanent manufacturing employment simply dropped. Growth in small firms, particularly those in light and heavy industries, producing for the domestic market was the one segment of the economy with employment growth over the latter period.Key Words: Wage trends, employment-wage trade-off, labour market institutions, comparative economic growth. 
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spelling oai:revistas.unicartagena.edu.co:article-3712020-04-02T09:02:09Z The awakening of an Andean tiger: ¿Can Colombian's recent growth create enough employment? El despertar de un tigre Andino: ¿Puede el crecimiento creciente de Colombia crear suficiente empleo? Escobar-Espinoza, Andres Economic growth has been on the rise in Colombia and surpassed 6% in 2006 and 2007. Has growth been enough to absorb Colombian workers? Jobless growth seems to have marked Colombia’s recent economic history. Over time, periods of high growth in Colombia have been associated with increases in employment. During periods of high growth (1974-80 and 1985-1994), one percent increase in Colombian manufacturing GDP translated into an increase of about 0.3 to 0.5 percent in employment. However, during the most recent growth period (20012005), permanent manufacturing employment simply dropped. Growth in small firms, particularly those in light and heavy industries, producing for the domestic market was the one segment of the economy with employment growth over the latter period.Key Words: Wage trends, employment-wage trade-off, labour market institutions, comparative economic growth.  El crecimiento económico estuvo en ascenso en Colombia, alcanzando y sobrepasando tasas del 6% durante 2006 y 2007. ¿El crecimiento económico ha sido suficiente para absorber a los trabajadores colombianos? El denominado “crecimiento sin empleo” parece estar presente en la historia reciente de Colombia. En el transcurso del tiempo, periodos de alto crecimiento económico estuvieron asociados con el aumento del empleo. Durante periodos de alto crecimiento (1974-80 y 1985-1994), el incremento en un punto porcentual del PIB manufacturero colombiano representó un incremento de 0.3 a 0.5 puntos porcentuales en la creación de empleo. Sin embargo, durante el periodo reciente de recuperación económica (2001-2005), el empleo permanente en el sector industrial simplemente se redujo. El crecimiento de las pequeñas empresas, en particular, aquellas involucradas en la industria liviana y pesada, y enfocadas al mercado nacional, representa el segmento de la economía con incrementos en el empleo durante el último periodo.Palabras Clave: Tendencias Salariales, Intercambio empleo-salario, Instituciones Laborales, Crecimiento Económico Comparativo  Universidad de Cartagena 2009-01-01 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion application/pdf https://revistas.unicartagena.edu.co/index.php/panoramaeconomico/article/view/371 10.32997/2463-0470-vol.17-num.17-2009-371 Panorama Económico Journal; Vol. 17 (2009); 154-191 Panorama Económico; Vol. 17 (2009); 154-191 Panorama Económico; v. 17 (2009); 154-191 2463-0470 0122-8900 10.32997/2463-0470-vol.17-num.17-2009 spa https://revistas.unicartagena.edu.co/index.php/panoramaeconomico/article/view/371/324 /*ref*/Diaz A. M, Santamaría M. What matters for Labour Market Outcomes in Urban Colombia?. 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[Internet]. http://www.dane.gov.co/index.php?option=com_content&task=category&sectionid=17&id=43&Itemid=154. /*ref*/Kugler A, Kugler M. The labor market effects of payroll taxes in a middle-income country: Evidence from Colombia. MIMEO University of Houston. 2005. /*ref*/Ravallion M, Chen S. What can new Survey Data tell us about recent changes in distribution and Poverty?. World Bank Economic Review, Oxford University Press. 1997; 11(2): 357-82. May. /*ref*/Sala-i-Martin X. The World Distribution of Income: Falling Poverty and… Convergence, Period. Quarterly Journal of Economics. 2006; 121(2): 351-397. /*ref*/Goldberg P.K, Pavnick N. Trade, Inequality, and Poverty: What Do We Know? evidence from recent Trade Liberalization episodes in Developing Countries. NBER Working Paper. 2004; (10593) /*ref*/Islam R. The nexus of economic growth, employment and poverty reduction: an empirical analysis. Discussion Paper. 2004; (14), ILO. /*ref*/Mazumdar D, Van Seventer D. A Decomposition of Growth of the Real Wage Rate for South African Manufacturing by Size Class: 19721996. Trade and Industrial Policy Strategies. /*ref*/Departamento Administrativo Nacional de Estadística (DANE): National Accounts. [Internet]. Available:http://www.dane.gov.co/index.php?option=com_content&task=category&sectionid=33&id=5 7&Itemid=239. /*ref*/Departamento Nacional de Planeacion (DNP). Historic Statistics: National accounts, annual manufacturing surveys, and employment variables. [Internet]. Available: http://www.dnp.gov.co/ PortalWeb/EstudiosEconomicos/EstadísticashistóricasdeColombia/tabid/114/ Default.aspx. /*ref*/Mazumdar D, Van Seventer D. A Decomposition of Growth of the Real Wage Rate for South Africa: 1970-2000. WP 02/63, Development Policy Research Unit. 2002. /*ref*/Berry A, Escandon J. Colombia’s Small and Medium size-exporters and their support systems. Policy Research Working Paper. 1994; (1401). World Bank. /*ref*/Mazumdar D, Sarkar S. Employment elasticity in organized manufacturing in India. Munk Centre for International Studies University of Toronto. 2007. /*ref*/Ter Wengel J, Martinez J, Ferreira G, Pérez G, García F, Suárez L. Dinámica y Productividad de la Industria Colombiana: Empleo, Exportaciones y la Pequeña Empresa. Documentos de Economía. 2006; (02). Universidad Javeriana. /*ref*/Mazumdar D. Trends in employment and the employment elasticity in manufacturing 1971-1992: An international comparison. Department of Economics University of Toronto. 2000. Derechos de autor 2015 Panorama Económico
spellingShingle Escobar-Espinoza, Andres
The awakening of an Andean tiger: ¿Can Colombian's recent growth create enough employment?
title The awakening of an Andean tiger: ¿Can Colombian's recent growth create enough employment?
title_full The awakening of an Andean tiger: ¿Can Colombian's recent growth create enough employment?
title_fullStr The awakening of an Andean tiger: ¿Can Colombian's recent growth create enough employment?
title_full_unstemmed The awakening of an Andean tiger: ¿Can Colombian's recent growth create enough employment?
title_short The awakening of an Andean tiger: ¿Can Colombian's recent growth create enough employment?
title_sort awakening of an andean tiger: ¿can colombian's recent growth create enough employment?
url https://revistas.unicartagena.edu.co/index.php/panoramaeconomico/article/view/371