We study the effect of the upsurge of natural resources income from the commodity price boom of the 2000s on the functional distribution of income. To do so, we build a general equilibrium model of Dutch disease that characterizes how natural resource windfalls affect equilibrium factor shares....

Spanish Abstract: El conflicto interno en Colombia ha afectado la acumulación de capital humano, las decisiones de ahorro e inversión y la asignación sectorial y geográfica de los factores de producción. Varios autores han cuantificado los potenciales efectos de un acuerdo de paz sobre el...

Spanish Abstract: El aumento en el área cultivada con coca en Colombia ha generado dudas con respecto a la estrategia antinarcóticos del país, y ha estimulado el escepticismo con respecto a las posibilidades de lograr una paz completa y definitiva. Asimismo, la percepción de fracaso ha dado...

The increase in the area cultivated with coca in Colombia has cast doubt on the country's anti-drug strategy and has encouraged skepticism about the possibility of a complete and definitive peace. Furthermore, this perception of failure has given rise to policy proposals based on the idea that...

We study the effect of the upsurge of natural resources income from the commodity price boom of the 2000s on the functional distribution of income. To do so, we build a general equilibrium model of Dutch disease that characterizes how natural resource windfalls affect equilibrium factor shares....

Spanish Abstract: Las negociaciones de paz emprendidas por el Gobierno Nacional y las Fuerzas Armadas Revolucionarias de Colombia –Ejército del Pueblo (FARC-EP), coincidieron con un repunte de las hectáreas sembradas con coca en el país. El repunte en el área cultivada puede estar...

We study the effect of the upsurge of natural resources income from the commodity price boom of the 2000s on the functional distribution of income. To do so, we build a general equilibrium model of Dutch disease that characterizes how natural resource windfalls affect equilibrium factor shares....

Measuring labor's share of an economy's aggregate income seems straightforward,at least in principle. Count up wage and salary income, along with the value of benefitsprovided to employees, and divide it by total income. However, one fundamentalconcept of labor's share in macroeconomic theory is...

Este trabajo aporta dos elementos básicos para el análisis del crecimiento económico en Colombia: En primerlugar, para el cálculo de la participación de los factores en el producto, se separa el ingreso de capital físico del ingreso de capital natural y el ingreso del trabajo básico del...

Recent evidence show that factor shares, if properly measured, are far from constant.Moreover, the shares of natural resources and raw labor seem to be negativelycorrelated with income per capita while the share of human and physical capital ispositively correlated with income per capita. Now,...