Abstract

BENAVIDES TELLEZ, José L.; GOMEZ-CALERO, M. Palma  and  PABLO-ROMERO, María del P.. The Contribution of Oil and Coal to the Regional Economy of Colombia, 1990-2011. Econ: teor. práct [online]. 2015, n.42, pp.45-68. ISSN 2448-7481.

The aim of this paper is to determine the impact of oil and coal production on the Colombian economy for the period 1990-2011 and assess how the differences in endowments of these factors of production are explanatory of gross value added per employee differences observed between different regions in Colombia. The results obtained by the technique of panel data show that the oil and coal endowment contributes positively to Colombian production, their different endowment of oil and coal between regions explains 814% and 3.32% of the differences in gross value added per employee between the Colombian regions, respectively.

Keywords : economic growth; oil; coal; natural resources; Colombia.

        · abstract in Spanish     · text in Spanish     · Spanish ( pdf )