Sources of Growth in Colombia, 1963–80

Abstract

In their analysis of the sources of Colombia's notable economic growth over the period 1963–80, the authors find that, although much can be accounted for by growth in labour, capital and improvements in the labour force, the contribution of inputs was much higher than expected, particularly in the sub‐period 1974–1980. The authors conclude that future investigations into sources of economic growth would benefit from breaking down growth into sub‐periods, and investigating reasons for sharp differences in performance.