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The objective of this article is to show that features related to economic structure in Colombia are relevant in order to explain the level of unemployment. By using a VEC model and by analyzing impulse response functions and variance decomposition, it is concluded that increasing the degree of structural development of the economy is a policy that can help reduce unemployment in Colombia.
Bonilla Cárdenas, S. (2011). Economic structure and unemployment in Colombia: a VEC analysis. Sociedad Y Economía, 1(20), 99–124. https://doi.org/10.25100/sye.v0i20.4061