Published

2016-07-01

The evolution of Colombian industry in the context of the energy-mining boom: Symptoms of the dutch disease?

La evolución de la industria colombiana en un contexto de boom minero-energético: ¿Síntomas de enfermedad holandesa?

A evoluçào da indústria colombiana em um contexto de boom mineiro-energético: Sintomas de doença holandesa?

DOI:

https://doi.org/10.15446/cuad.econ.v35n68.54255

Keywords:

Dutch disease, deindustrialization, energy-mining boom (en)
enfermedad holandesa, desindustrialización, boom mineroenergético (es)
doença holandesa, desindustrializaçào, boom mineiro-energético (pt)

Downloads

Authors

  • Mauricio López González Universidad de Antioquia
  • Edwin Esteban Torres Gomez Universidad de Antioquia
  • Sebastian Giraldo González Banco de la República
This paper seeks to evaluate and demonstrate the hypothesis of deindustrialization and Dutch Disease (DD) for the case of the Colombian economy by using a Beta regression model. The results of the research indicate that it is not possible to reject the suggestion that the mining and energy boom have potential adverse effects on the manufacturing sector.
Este artículo busca evaluar y demostrar la hipótesis de la desindustrialización y la enfermedad holandesa (EH) para el caso de la economía colombiana a través de un modelo de regresión beta. Los resultados de la investigación indican que no es posible rechazar la hipótesis de que los auges mineros y energéticos tienen potenciales efectos adversos en el sector manufacturero.
Este trabalho busca avaliar e demonstrar a hipótese da desindustrializaçào e a doença holandesa (EH) para o caso da economia colombiana através de um modelo de regressào beta. Os resultados da pesquisa indicam que nào é possível rejeitar a hipótese de que os auges mineiros e energéticos têm potenciais efeitos adversos no setor manufatureiro.

References

Acosta, P. A., Lartey, E. K., & Mandelman, F. S. (2009). Remittances and the dutch disease. Journal of international economics, 79(1), 102-116.

Baldwin, R. (1977). The dutch disease. The Economist, 82-83, November 26.

Baldwin, R. (1966). Economic development and export growth: A study of northern Rhodesia, 1920-1960. Berkeley and Los Angeles, CA: University of California Press.

Bresser-Pereira, L. C. (2011). From old to new developmentalism in Latin America. In J. A. Ocampo & J. Ros (eds), The Oxford Handbook in Latin American Economics (pp 108-129). Oxford: Oxford University Press.

Corden, M. & Neary, P. (1982). Booming sector and de-industrialization in a small open economy. The Economic Journal, 92(368), 825-848.

Franco, G., & Gallo, A. F. (2010). El carbón colombiano y el modelo de Hotelling. Revista EIA,14, 64-74.

González, D. G. (2011). Colombia: la aplanadora minera a toda marcha. Kavilando, 2(1), 46-50.

Hamilton, J. (1983). Oil and the macroeconomy since world war II. Journal of Political Economy, 91(2), 228-248.

Hirschman, A. O. (1958). The strategy of economic development. New Haven: Yale University Press.

Martínez, A. (2012). Impacto socioeconómico de la minería en Colombia. Bogotá: Fedesarrollo.

Neary, J. P., & Van Wijnbergen, S. (1986). Natural resources and the macroeconomy: A theoretical framework. Natural resources and the macroeconomy (pp. 13-45). Cambridge: The MIT Press.

Nyatepe-Coo, A. A. (1994). Dutch disease, government policy and import demand in Nigeria. Applied Economics, 26(4), 327-336.

Oomes, N., & Kalcheva, K. (2007). Diagnosing dutch disease: Does Russia have the symptoms? (Working Papers 1-32). IMF.

Rudd, D. (1996). An empirical analysis of dutch disease: Developing and developed countries. Honors Projects. Available in: http://digitalcommons.iwu.edu/econ_honproj/62.

Sachs, J. D., & Warner, A. M. (1995). Economic reform and the process of global integration. Brookings Papers on Economic Activity, 1-118.

Seers, D. (1964). The mechanism of an open petroleum economy. Social and Economic Studies, 13, 233-242.

Spatafora, N., & Warner, A. (2001). Macroeconomic and sectoral effects of terms -of-trade shocks- the experience of the oil-exporting developing countries (First published as Staff Paper 134/99). IMF.

Stijns, J-P. (2003). An empirical test of the dutch disease hypothesis using a gravity model of trade. Stockholm: Congress of the EEA.

Torvik, R. (2001). Learning by doing and the dutch disease. European economic review, 45(2), 285-306.

How to Cite

APA

López González, M., Torres Gomez, E. E. and Giraldo González, S. (2016). The evolution of Colombian industry in the context of the energy-mining boom: Symptoms of the dutch disease?. Cuadernos de Economía, 35(68), 475–790. https://doi.org/10.15446/cuad.econ.v35n68.54255

ACM

[1]
López González, M., Torres Gomez, E.E. and Giraldo González, S. 2016. The evolution of Colombian industry in the context of the energy-mining boom: Symptoms of the dutch disease?. Cuadernos de Economía. 35, 68 (Jul. 2016), 475–790. DOI:https://doi.org/10.15446/cuad.econ.v35n68.54255.

ACS

(1)
López González, M.; Torres Gomez, E. E.; Giraldo González, S. The evolution of Colombian industry in the context of the energy-mining boom: Symptoms of the dutch disease?. Cuad. econ 2016, 35, 475-790.

ABNT

LÓPEZ GONZÁLEZ, M.; TORRES GOMEZ, E. E.; GIRALDO GONZÁLEZ, S. The evolution of Colombian industry in the context of the energy-mining boom: Symptoms of the dutch disease?. Cuadernos de Economía, [S. l.], v. 35, n. 68, p. 475–790, 2016. DOI: 10.15446/cuad.econ.v35n68.54255. Disponível em: https://revistas.unal.edu.co/index.php/ceconomia/article/view/54255. Acesso em: 1 feb. 2025.

Chicago

López González, Mauricio, Edwin Esteban Torres Gomez, and Sebastian Giraldo González. 2016. “The evolution of Colombian industry in the context of the energy-mining boom: Symptoms of the dutch disease?”. Cuadernos De Economía 35 (68):475-790. https://doi.org/10.15446/cuad.econ.v35n68.54255.

Harvard

López González, M., Torres Gomez, E. E. and Giraldo González, S. (2016) “The evolution of Colombian industry in the context of the energy-mining boom: Symptoms of the dutch disease?”, Cuadernos de Economía, 35(68), pp. 475–790. doi: 10.15446/cuad.econ.v35n68.54255.

IEEE

[1]
M. López González, E. E. Torres Gomez, and S. Giraldo González, “The evolution of Colombian industry in the context of the energy-mining boom: Symptoms of the dutch disease?”, Cuad. econ, vol. 35, no. 68, pp. 475–790, Jul. 2016.

MLA

López González, M., E. E. Torres Gomez, and S. Giraldo González. “The evolution of Colombian industry in the context of the energy-mining boom: Symptoms of the dutch disease?”. Cuadernos de Economía, vol. 35, no. 68, July 2016, pp. 475-90, doi:10.15446/cuad.econ.v35n68.54255.

Turabian

López González, Mauricio, Edwin Esteban Torres Gomez, and Sebastian Giraldo González. “The evolution of Colombian industry in the context of the energy-mining boom: Symptoms of the dutch disease?”. Cuadernos de Economía 35, no. 68 (July 1, 2016): 475–790. Accessed February 1, 2025. https://revistas.unal.edu.co/index.php/ceconomia/article/view/54255.

Vancouver

1.
López González M, Torres Gomez EE, Giraldo González S. The evolution of Colombian industry in the context of the energy-mining boom: Symptoms of the dutch disease?. Cuad. econ [Internet]. 2016 Jul. 1 [cited 2025 Feb. 1];35(68):475-790. Available from: https://revistas.unal.edu.co/index.php/ceconomia/article/view/54255

Download Citation

CrossRef Cited-by

CrossRef citations5

1. Jorge Eliecer Rojas Naranjo. (2016). Postacuerdo y gestión territorial. Bitácora Urbano Territorial, 26(2), p.135. https://doi.org/10.15446/bitacora.v26n2.59303.

2. Hamzeh Arabzadeh Jamali, Arsham Reisinezhad. (2023). Distribution of Resource Rents and Deindustrialization: The Role of Luxury Goods. SSRN Electronic Journal, https://doi.org/10.2139/ssrn.4454981.

3. Edouard Mien, Michaël Goujon. (2022). 40 Years of Dutch Disease Literature: Lessons for Developing Countries. Comparative Economic Studies, 64(3), p.351. https://doi.org/10.1057/s41294-021-00177-w.

4. Jean Pierre Doussoulin, Benoit Mougenot. (2022). Mapping mining and ecological distribution conflicts in Latin America, a bibliometric analysis. Resources Policy, 77, p.102650. https://doi.org/10.1016/j.resourpol.2022.102650.

5. Elmer Sánchez Dávila. (2023). The peruvian mining boom and dutch disease. Empirical evidence from 2003 to 2020. Cuadernos de Economía, 42(90) https://doi.org/10.15446/cuad.econ.v42n90.94529.

Dimensions

PlumX

Article abstract page views

584

Downloads

Download data is not yet available.

License

Copyright (c) 2016 Cuadernos de Economía

Cuadernos de Economía through the Libraries Division of the Universidad Nacional de Colombia promotes and guarantees open access to all its contents. The articles published by the journal are available globally with open access and licensed under the terms of Creative Commons Attribution-NonCommercial-No_Derivatives 4.0 International (CC BY-NC-ND 4.0), which implies the following: