Exports and economic growth in Colombia 1994-2010

Abstract

 This paper examines the role of exports in the economic growth of Colombia, set in the post economic liberalization period, which began from mid-nineties of the last century, until the last ten years of this decade. The obtained results indicate no causality between the different categories of exports that were used (primary and industrial exports), and net exports.  However, the model also shows a positive effect between imports of capital goods and the product, which joined equally to a positive relationship between the product and manufacturing exports, permit to presume that the export growth, has led, indirectly through the acquisition of foreign exchange to finance the purchase of capital goods needed for expansion of the product.