How to motivate faster growth in Colombia

the leading sector strategy revisited

Research output: Contribution to journalArticle

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Abstract

This paper reproduces two public lectures given at an Incolda conference in Bogota, October 1, 2002 on La Realidad de la Economía Colombiana. It reviews the great structuralchanges in output and employment over recent decades and how macroeconomic policies can strengthen or weaken the natural forces underlying these changes. It distinguishes between potentially inflationary policies designed to increase demand ina monetary sense, and those that focus on institutional changes that enhance competition and mobility. It explains how inflation distorts the allocation of resources, and why it especially harms long-term housing finance and exports. It explains the logic of Lauchlin Currie's leading sector theory of growth and shows whyand how housing and exports can be given special protection to accelerate development.
Original languageEnglish
Pages (from-to)67-80
Number of pages13
JournalEstudios Gerenciales
Volume18
Issue number85
Publication statusPublished - 2002

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Colombia
Housing finance
Institutional change
Macroeconomic policy
Logic
Resources
Inflation

Keywords

  • Colombia
  • economic growth
  • structural changes
  • inflationary policies
  • leading sector theory of growth
  • housing sector
  • exports sector

Cite this

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How to motivate faster growth in Colombia : the leading sector strategy revisited. / Sandilands, Roger J.

In: Estudios Gerenciales , Vol. 18, No. 85, 2002, p. 67-80.

Research output: Contribution to journalArticle

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