Tutor 1

Bernal Garzón, Manuel

Resumen

In this paper we study the incidence of public spending on economic growth in Colombia during the period 1960 to 2015 period that was characterized by the large amount of public expenditure on productive factors, the authors determine the number of observations and years of study taking into account the parameters of statistical significance, determining as base year 1960 according to the antecedents consulted as well as De la Puente (2011) establishes, this year was characterized by a large amount of state investment in productive capital: "Thus, At the beginning of the 1960s, public investment in proportion to public expenditure accounted for 25 percent "(De la Puente, 2011; 162).Economic growth is a complex phenomenon in which, through the accumulation of more and better productive factors and their use in increasingly productive techniques, economies are able to generate a greater quantity of goods and services. It is also a dynamic process involving a continuous change in the sectoral structure.Different authors have observed how public spending, through its quality of value generation, can form higher growth rates through the accumulation of productive collections. The main authors are Glomm and Ravikumar (1994), Blankenau and Simpson (2004), Solow (1956), Barro (1990), and for the Colombian case, authors such as Alvis and Castrillón (2013), Gómez and Posada (2002) stand out.In this way, the literature review of the most outstanding works at national and international level, as well as the most important theoretical contributions, was developed; to obtain greater clarity with the evolution of the variables involved in the economic growth, later an analysis of the main historical variations of the growth rates and variations of expenditure was carried out, finally using an econometric model of time series analysis MODEL VAR , taking into account the variables expenditure on education, health expenditure, infrastructure spending and tax collection, and Granger's causality test determines the incidence of these expenses, where it was found that the expenditures for infrastructure have an incidence positive behavior of economic growth

Palabras clave

Gastos públicos, Desarrollo endógeno, Crecimiento económico, Producción

Tipo de documento

Trabajo de Grado

Licencia Creative Commons

Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.

Fecha de publicación

1-1-2018

Programa académico

Economía

Facultad

Facultad de Ciencias Económicas y Sociales

Compartir

COinS