Abstract

PORTILLO-RIASCOS, Luis Hernando  and  ORTIZ-BENAVIDES, Edinson. The External Vulnerability of the Colombian Economy 1990-2015: A Comparative Analysis. Lect. Econ. [online]. 2021, n.94, pp.11-46.  Epub Apr 16, 2021. ISSN 0120-2596.  https://doi.org/10.17533/udea.le.n94a339023.

The objective of this study is to quantify the external vulnerability of the Colombian economy from 1990 to 2015. To achieve this purpose, two indicators were calculated, taking the proposal of Abeles and Valdecantos (2016) as reference. The results proved that the Colombian economy, during the period studied, increased its real and financial vulnerability. Facing this finding, the argument is made that the country’s greatest external vulnerability is explained for two reasons: (a) the inability of this economy to modify her model of commercial insertion based on the exploitation of natural resources and (b) the increase in dependence of the external financing.

Clasificación JEL: F40, O10, O54, O13.

Keywords : real vulnerability; financial vulnerability; external vulnerability.

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