Title
Structural change and financial fragility in the Colombian business sector: A post Keynesian approach
DOI
https://doi.org/10.15446/cuad.econ.v39n80.82562
Document Type
Article
Publication Date
1-1-2020
Publication Title
Cuadernos de Economia (Colombia)
Abstract
This paper aims to establish the theoretical and empirical link between structural change and financial fragility based on the theories of Thirllwall's Law and Minsky's financial instability. In order to do so, a descriptive and econometric panel analysis is carried out for 1846 Colombian companies during the period 1996-2015. A new indicator of financial fragility is created, and from this a relationship is established between the company's balance sheets, structural change, economic growth, the size of the firm, and the Minsky effect that measures the endogeneity of the debt cycle.
Volume
39
Issue
80
First Page
567
Last Page
594
ISSN
01214772
Recommended Citation
Cómbita Mora, Gonzalo, "Structural change and financial fragility in the Colombian business sector: A post Keynesian approach" (2020). Scopus Unisalle. 108.
https://ciencia.lasalle.edu.co/scopus_unisalle/108
Identifier
SCOPUS_ID:85087696752