Current account deficit in Colombia 2000-2019

Authors

  • Diego Alejandro Mayusa Diaz Estudiante de Economía, Universidad Nacional de Colombia

Keywords:

trade balance, current account deficit, imports, capital goods, foreign trade, tariff chapters

Abstract

This paper aims to identify whether current account deficit in a country like Colombia are really a risk factor to the economy. To this end, an analysis is made of high-income and high-middle-income countries with or without a current account deficit compared to their economic growth. In addition, an analysis of the imports that Colombia has had according to the tariff chapters. It is found that there is no relationship between presenting a current account deficit and performance in terms of economic growth, and also that tariff chapters related to capital goods have the largest share of imports, although no significant concentration is recorded.

References

Banco de la República de Colombia (2018). Balanza de Pagos. Recuperado de: https://www.banrep.gov.co/es/glosario/balanza-pagos

Banco Mundial (2020). Datos de libre acceso del Banco Mundial. Recuperado de: https://datos.bancomundial.org/

Calvo, G. A. (1998). Capital flows and capital-market crises: the simple economics of sudden stops. Journal of applied Economics, 1(1), 35-54.

Cruz C., Romero J. (2019). ¿Qué tan malo es el déficit en Cuenta Corriente? Corficolombiana. Perspectivas Económicas 2020: Contra la corriente ¿Hasta cuándo?, (pp. 117-121). Recuperado de: https://investigaciones.corficolombiana.com/

Decreto N° 676 de 2019 [Ministerio de Comercio, Industria y Turismo]. Por el cual se establece una lista de bienes de capital. República de Colombia, 24 de abril de 2019.

Departamento Administrativo Nacional de Estadística (2020). ANDA: Importaciones. Recuperado de: http://microdatos.dane.gov.co/

García, J. G., Valenzuela, D. C. L., Uribe, E. M., & Umaña, P. E. (2019). Una visión general de la política comercial colombiana entre 1950 y 2012. Comercio exterior en Colombia: política, instituciones, costos y resultados (pp. 1-74)

Ghosh, A., & Ramakrishnan, U. (2006). ¿Importa el déficit en cuenta corriente? Finanzas & Desarrollo, (pp. 44-45).

Herfindahl, O. C. (1950). Concentration in the U.S Steel Industry. New York: Columbia University.

Hirschman, A. O. (1945). National Power and the Structure of Foreign Trade. Berkeley: University of California Press.

International Monetary Fund (24 de junio de 2020). Balance of Payments and International Investment Position Statistics. Recuperado de: https://data.imf.org/

International Monetary Fund, & International Monetary Fund. (2012). Manual de Balanza de Pagos y posición de inversión Internacional. Washington, DC: International Monetary Fund.

Reardon, J., Madi, M., & Cato, M. (2018). Trade, Exchange Rates and the Balance of Payments. In Introducing a New Economics: Pluralist, Sustainable and Progressive (pp. 295-316).

The United States Department of Justice (19 de Agosto de 2010). Horizontal Merger Guidelines. Market Concentration (pp. 18-19). Recuperado de: https://www.justice.gov/

Published

2022-05-30

How to Cite

Mayusa Diaz, D. A. . (2022). Current account deficit in Colombia 2000-2019. Intercambio, 2(5), 60-72. Retrieved from http://revistafche.medellin.unal.edu.co/ojs/index.php/intercambio/article/view/431

Issue

Vol. 2 No. 5 (2021): Quinto Número

Section

Artículos
Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.