Title

Poverty, inequality and socio-economic development: A dynamic approach for Colombia

Document Type

Book Chapter

Publication Date

12-1-2013

Publication Title

Economic Developments and Emerging Markets of the 21st Century: Global Practices, Strategies, and Challenges

Abstract

This study estimates poverty, inequality and socio-economic trends in Colombia's departments. We use the data panel over the period 1993-2007. In this analysis, we suggest a dynamic OLS (DOLS) model to measure poverty, inequality and development trends. Using panel data analysis and cointegration techniques for a dynamic heterogeneous panel the results from DOLS model show variation in the scores across Colombian departments during the sample period. Findings of this analysis should demonstrate that the decrease in poverty and inequality could be achieved through adequate strategies that guarantee development and economic growth with policies concentrated to improve social welfare. JEL: O18, I32, D63, C14, C23. © 2013 by Nova Science Publishers, Inc. All rights reserved.

First Page

285

Last Page

298

ISBN

9781624179860

Identifier

SCOPUS_ID:84896580847

Documento original

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