true social opportunity cost of capital. We find that the return to capital in the manufacturing sector in Colombia from … the rate of return to capital in Colombia. Our calculations differ those of others in that we account for trade … distortions in the economy by including export subsidies and import taxes in the estimation of the return to capital. Our results …

capital. In our estimation of the return to capital in Colombia we attempt to account for taxes, both direct and indirect …, governmental subsidies, and trade taxes and subsidies. We estimate the economic income that accrues to Colombia's capital stock by … relationship between trade protection and the rate of return to capital in Colombia. Furthermore, we find support for a Stopler …