Economic structure and unemployment in Colombia: a VEC analysis

https://doi.org/10.25100/sye.v0i20.4061

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Published: Jan 15, 2011
Issue: Vol. 1 No. 20 (2011): Sociedad y Economía
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Authors

Santiago Bonilla Cárdenas Universidad del Valle, Cali-Colombia
Abstract
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.
Keywords
  • Economic Structure
  • Unemployment
  • Manufacturing Sector
  • VEC model.
How to Cite
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
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Revista sociedad y economía editada por la Facultad de Ciencias Sociales y Económicas de la Universidad del Valle se encuentra bajo una Licencia Internacional Creative Commons Atribución - No comercial 4.0