Please use this identifier to cite or link to this item: http://hdl.handle.net/10654/8340
Title: Deuda pública y crecimiento económico en Colombia: una aproximación de generación traslapadas
Author: Mesa, Fernando
Sánchez, German
Zarta, Álvaro
Date: 2007
Site: Bogota
Abstract: Se parte de una revisión bibliográfica selectiva, en la que se muestra como la deuda pública interna y externa afectan tanto las decisiones de ahorro como el mercado de capitales de las economías a través de la política tributaria óptima luego se analizan las estadísticas sobre la evolución de la deuda pública, interna y externa, y de la deuda privada externa en Colombia, además de precisar el papel financiero que han tenido los recursos de los fondos de pensiones en cuanto a la financiación del déficit fiscal
Abstract: With a selective reference is pointed out how the domestic and external public debt affects the saving decisions and the financial markets through the optimum tax policy. After that the behaviour of the domestic and external public debt and also the external private debt is studied through the data. The roll of the Colombian pension fund to (inance the public deficit is xplained. An overlapping generation model is constructed with the most important Colombian stylized facts. The theoretical model is calibrated for 12 generations, 12 periods each one of 5 years. The labour life of the individuals is ten periods and the pension periods are two. The behavior of the household economies and productive sector are studied with respect to the previous assumptions. The labour productivity, both by experience and between generations, is estimated in order to calibrate the model. The public and private debt and economic growth simulations are conducted with the Colombian parameters in 2005. The simulations are realized changing: i) the total factor productivity, ii) external interest rate, and iii) the public expenditure
Keywords LEMB: DEUDA PÚBLICA - COLOMBIA
MERCADO DE CAPITALES - COLOMBIA
DEUDA EXTERNA - COLOMBIA
Appears in Collections:Revista de Relaciones Internacionales, Estrategia y Seguridad

Files in This Item:
File Description SizeFormat 
Deudapublicaycrecimiento2007.pdf1.37 MBAdobe PDFThumbnail
View/Open


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.