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Economic Development, Political Violence and Socio-Political Instability in Colombia: An Econometric Analysis Using Panel Data

dc.audiencePolicymakerseng
dc.audienceResearcherseng
dc.audienceStudentseng
dc.audienceTeacherseng
dc.contributor.institucionUniversidad Santo Tomásspa
dc.coverage.ciudadBogotáspa
dc.creatorCotte Poveda, Alexanderspa
dc.creatorMartinez Carvajal, Jorgespa
dc.date.accessioned2019-05-13T13:58:53Zspa
dc.date.available2019-05-13T13:58:53Zspa
dc.date.created2019-04-30spa
dc.date.issued2019-05-02spa
dc.description.abstractSocio-political instability is considered as an obstacle for economic and social development of countries. Therefore, Political violence as a feature of socio-political instability is a significant development constraint that generates economic problems, limits public and private investments, and damages the country’s infrastructure. This paper offers an explanation for political violence and economic development through an empirical analysis of Colombian departments that includes factors such as social conditions and narcotrafficking. We use multiple datasets to measure political violence and economic development, and we employ panel fixed-effects Driscoll and Kraay regressions and Generalized Method of Moments Estimation (GMM) for a sample of Colombian departments over the period 2000-2014. In the political violence model, we find that the aggregate-level production per capita, education, arrests and health coverage have a negative effect on political violence, whereas GINI, unemployment rate, illegal drugs and displaced population have a positive effect on violence. In the economic development model, political violence, armed actions and corruption have a negative effect on economic development, whereas population, saving, employment, political participation, manufacturing and production have a positive effect on economic development. The findings demonstrate the importance of implementing social policies and strategies against political violence to increase economic growth and development, productivity, political participation and security for the population across Colombia’s departments.eng
dc.format.extent17 páginas : tablasspa
dc.format.mimetypePDFspa
dc.identifier.urihttp://redinvestigadores.org//handle/123456789/14spa
dc.language.isoengeng
dc.relation.ispartofDocumentos de Trabajospa
dc.relation.numberNo. 7spa
dc.rights.accessRightsOpen Accesseng
dc.rights.ccAtribucion-NoComercial-CompartirIgual CC BY-NC-SA 4.0spa
dc.rights.spaAcceso abiertospa
dc.rights.urihttps://creativecommons.org/licenses/by-nc-sa/4.0/eng
dc.source.bibliographicCitationCotte, A, and Martinez, J (2019). Economic Development, Political Violence and Socio-Political Instability in Colombia: An Econometric Analysis Using Panel Data, European Research Studies Journal Volume XXII Issue 1, 237-253eng
dc.subject.jelO1 - Economic Development, Innovation, Technological Change, and Growth: Economic Developmenteng
dc.subject.jelO40 - Economic Growth and Aggregate Productivity: Generaleng
dc.subject.jelI30 - Welfare, Well-Being, and Poverty: Generaleng
dc.subject.jelC33 - Multiple/Simultaneous Equation Models; Multiple Variables: Panel Data Models; Spatio-temporal Modelseng
dc.subject.jelspaO1 - Desarrollo económico, innovación, cambio tecnológico y crecimiento: Desarrollo económicospa
dc.subject.jelspaO40 - Crecimiento económico y productividad agregada: Generalidadesspa
dc.subject.jelspaI30 - Bienestar y pobreza: Generalidadesspa
dc.subject.jelspaC33 - Modelos de ecuaciones múltiples/simultáneas; Variables múltiples: Modelos con datos de panel; Modelos espacio-temporalesspa
dc.subject.keywordEconomic developmenteng
dc.subject.keywordSocio-political instabilityeng
dc.subject.keywordPolitical violenceeng
dc.subject.keywordSocial conditionseng
dc.subject.keywordPanel Dataeng
dc.subject.keywordColombiaeng
dc.subject.lembConflicto armado -- Efectos económicos -- Colombiaspa
dc.subject.lembDesarrollo económico -- Colombiaspa
dc.subject.lembCorrupción administrativa -- Colombiaspa
dc.subject.lembPolítica anticorrupción -- Colombiaspa
dc.titleEconomic Development, Political Violence and Socio-Political Instability in Colombia: An Econometric Analysis Using Panel Dataeng
dc.typeWorking papereng
dc.type.hasversionPublished Versioneng
dc.type.spaDocumentos de Trabajospa

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