<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0121-4772</journal-id>
<journal-title><![CDATA[Cuadernos de Economía]]></journal-title>
<abbrev-journal-title><![CDATA[Cuad. Econ.]]></abbrev-journal-title>
<issn>0121-4772</issn>
<publisher>
<publisher-name><![CDATA[Universidad Nacional de Colombia]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0121-47722020000200567</article-id>
<article-id pub-id-type="doi">10.15446/cuad.econ.v39n80.82562</article-id>
<title-group>
<article-title xml:lang="en"><![CDATA[STRUCTURAL CHANGE AND FINANCIAL FRAGILITY IN THE COLOMBIAN BUSINESS SECTOR: A POST KEYNESIAN APPROACH]]></article-title>
<article-title xml:lang="es"><![CDATA[Cambio estructural y fragilidad financiera en el sector empresarial colombiano: una aproximación poskeynesiana]]></article-title>
<article-title xml:lang="pt"><![CDATA[Mudança estrutural e fragilidade financeira no setor empresarial colombiano: uma aproximação poskeynesiana]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Cómbita Mora]]></surname>
<given-names><![CDATA[Gonzalo]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad de la Salle  ]]></institution>
<addr-line><![CDATA[Bogotá ]]></addr-line>
<country>Colombia</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>06</month>
<year>2020</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>06</month>
<year>2020</year>
</pub-date>
<volume>39</volume>
<numero>spe80</numero>
<fpage>567</fpage>
<lpage>594</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_arttext&amp;pid=S0121-47722020000200567&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_abstract&amp;pid=S0121-47722020000200567&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_pdf&amp;pid=S0121-47722020000200567&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="en"><p><![CDATA[ABSTRACT This paper aims to establish the theoretical and empirical link between structural change and financial fragility based on the theories of Thirllwall's Law and Min-sky's financial instability. In order to do so, a descriptive and econometric panel analysis is carried out for 1846 Colombian companies during the period 19962015. A new indicator of financial fragility is created, and from this a relationship is established between the company's balance sheets, structural change, economic growth, the size of the firm, and the Minsky effect that measures the endogeneity of the debt cycle. JEL: B26; C23; E12; L16.]]></p></abstract>
<abstract abstract-type="short" xml:lang="es"><p><![CDATA[RESUMEN Este artículo busca establecer el vínculo teórico y empírico entre el cambio estructural y la fragilidad financiera a partir de las teorías de la Ley de Thirllwall y la inestabilidad financiera de Minsky. Para ello se realiza un análisis descriptivo y econométrico de panel para 1846 empresas colombianas durante el periodo 19962015. Se construye un novedoso indicador de fragilidad financiera y desde allí se establece una relación entre los balances de la empresa, el cambio estructural, el crecimiento económico, el tamaño de la firma y el efecto Minsky que mide la endogeneidad del ciclo a la deuda. JEL: B26; C23; E12; L16.]]></p></abstract>
<abstract abstract-type="short" xml:lang="pt"><p><![CDATA[RESUMO Este artigo procura estabelecer o vínculo teórico e empírico entre a mudança cambio estrutural e a fragilidade financeira a partir das teorias da Lei de Thirllwall e a instabilidade financeira de Minsky. Para isso se realiza uma análise descritiva e econométrica de painel para 1846 empresas colombianas durante o período de 1996-2015. Se constrói um novo indicador de fragilidade financeira e a partir daí se estabelece uma relação entre os balances da empresa, a mudança estrutural, o crescimento econômico, o tamanho da firma e o efeito Minsky que mede a endo-geneidade do ciclo à dívida. JEL: B26; C23; E12; L16.]]></p></abstract>
<kwd-group>
<kwd lng="en"><![CDATA[Financial fragility]]></kwd>
<kwd lng="en"><![CDATA[panel data]]></kwd>
<kwd lng="en"><![CDATA[post Keynesian theory]]></kwd>
<kwd lng="en"><![CDATA[stractural change]]></kwd>
<kwd lng="es"><![CDATA[fragilidad financiera]]></kwd>
<kwd lng="es"><![CDATA[datos panel]]></kwd>
<kwd lng="es"><![CDATA[teoría poskeynesiana]]></kwd>
<kwd lng="es"><![CDATA[cambio estructural]]></kwd>
<kwd lng="pt"><![CDATA[fragilidade financeira]]></kwd>
<kwd lng="pt"><![CDATA[dados painel]]></kwd>
<kwd lng="pt"><![CDATA[teoria poskeynesiana]]></kwd>
<kwd lng="pt"><![CDATA[mudança estrutural]]></kwd>
</kwd-group>
</article-meta>
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