Unemployment, Productivity and Growth in Colombia PDF Download

Author: Karsten Laursen
Publisher:
ISBN:
Category : Colombia
Languages : en
Pages : 116

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Author: Michael Hopkins
Publisher: Routledge
ISBN: 042968939X
Category : Political Science
Languages : en
Pages : 146

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Book Description
The creation of jobs is critical in Third World countries where growing populations face unemployment or inadequate employment. Many have put forth theories and suggestions that address this problem, but there has been insufficient empirical analysis of the effects of specific policies on employment growth. The author examines macroeconomic theories of labour market behavior and labour force definitions and concepts, assessing how productive they are in formulating employment strategies for Colombia. The implications of a range of alternative policies for generating jobs, their effectiveness in reducing unemployment, and possible programs for the future are analyzed.

Author: Weltbank
Publisher:
ISBN:
Category :
Languages : en
Pages :

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This report carries out a detailed evaluation of the 2002 labor reform in Colombia, and in doing so, it also assesses the performance of the Colombian urban labor market and identifies the main policy challenges faced in this area. The report has three broad goals: First, to provide additional evidence to inform the intense debate taking place in the country around labor market issues, especially the reform. Second, to shed light on the key factors preventing a swift recuperation of the labor market. Third, to offer sensible policy alternatives that complement the step taken with the labor reform and address those key factors. The analyses are carried out for the key labor market outcomes: employment, unemployment, formality and wages, as well as productivity. Through the analysis of these variables the report tries to enhance the understanding of issues such as informality, labor market rigidities, job creation, protection against shocks and private sector performance. By and large, these determine whether people can find gainful employment, be adequately protected against shocks and whether firms are profitable so that, on the one hand, investment and technology adoption take place and, on the other, employment and wages grow, which are the truly important concerns for policy makers. The report illustrates key problems faced by Colombia: slow growth reflecting poor productivity performance, high and persistent unemployment and labor market rigidities that help in keeping unemployment high and productivity low. The 2002 labor reform shows positive results in some areas, while the impact on others was uncertain or moderate. Thus, the country today has three broad challenges. First, making the labor market as efficient as possible; second, increasing productivity growth as a precondition for stronger economic performance, and third, providing effective and inclusive services of social protection for the most vulnerable. These are the channels that will ultimately enable the increase of formal employment and favor wage growth.

Author: Weltbank
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Book Description
This report carries out a detailed evaluation of the 2002 labor reform in Colombia, and in doing so, it also assesses the performance of the Colombian urban labor market and identifies the main policy challenges faced in this area. The report has three broad goals: First, to provide additional evidence to inform the intense debate taking place in the country around labor market issues, especially the reform. Second, to shed light on the key factors preventing a swift recuperation of the labor market. Third, to offer sensible policy alternatives that complement the step taken with the labor reform and address those key factors. The analyses are carried out for the key labor market outcomes: employment, unemployment, formality and wages, as well as productivity. Through the analysis of these variables the report tries to enhance the understanding of issues such as informality, labor market rigidities, job creation, protection against shocks and private sector performance. By and large, these determine whether people can find gainful employment, be adequately protected against shocks and whether firms are profitable so that, on the one hand, investment and technology adoption take place and, on the other, employment and wages grow, which are the truly important concerns for policy makers. The report illustrates key problems faced by Colombia: slow growth reflecting poor productivity performance, high and persistent unemployment and labor market rigidities that help in keeping unemployment high and productivity low. The 2002 labor reform shows positive results in some areas, while the impact on others was uncertain or moderate. Thus, the country today has three broad challenges. First, making the labor market as efficient as possible; second, increasing productivity growth as a precondition for stronger economic performance, and third, providing effective and inclusive services of social protection for the most vulnerable. These are the channels that will ultimately enable the increase of formal employment and favor wage growth.

Author: Mr.Sergi Lanau
Publisher: International Monetary Fund
ISBN: 1484328817
Category : Business & Economics
Languages : en
Pages : 28

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Book Description
This paper uses a multivariate filter and a production function to project potential growth in Colombia, modeling in detail the impact of low oil prices on investment. The framework also captures the impact of current and planned policies on potential growth, including the peace agreement with the FARC, the tax reform, and 4G infrastructure projects. The analysis suggests the growth acceleration of the 2000s is unlikely to repeat itself in a world of lower oil prices. Potential growth is likely to moderate to a range of 2.8 to 4.1 percent. The 4G infrastructure projects and the tax reform will increase investment, partly offsetting the sharp decline in oil investment. Improvements in productivity are essential to lift potential growth, as the large increases in the labor force observed in the last 15 years are unlikely to continue.

Author: Santiago Montenegro
Publisher:
ISBN:
Category : Colombia
Languages : en
Pages : 34

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Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
Social research report on urban area unemployment in Colombia - refers in particular to the period from 1963 to 1967, and covers occupational structures in the main cities, characteristics of the unemployed (age groups, sex, educational level, etc.), the effect of labour productivity rates and population growth on changes in the unemployment rate, employment policy issues, etc. References and statistical tables.

Author: Robert L. Slighton
Publisher:
ISBN:
Category : Manpower policy
Languages : en
Pages : 84

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Book Description
An analysis is presented of the dimensions and characteristics of urban unemployment in Colombia. About 10 percent to 16 percent of the labor force in the larger cities are unemployed, and unemployment is increasing. It is four to six times greater than it was 15 years ago. The unemployment rate is likely to double within the next 6 to 7 years if Colombia's future rate of growth of output is the same as its historic rate. The urban unemployed are younger than the employed and less educated; however, the relationship between unemployment and education is weak. There is no evidence to suggest that the rising unemployment rate is the result of a large increase in the number of unemployed migrants who have come from the countryside to the cities. Two important conclusions emerge from the study: (1) The urban unemployment problem is sufficiently important to warrant increased effort in the collection of data concerning its magnitude. (2) Urban unemployment is a more serious problem today than it was 3 years ago, and, unless there is a sharp change in the rate and pattern of growth of total output, it will become an even more pressing economic problem in the near future. (Author).

Author: Dragoslav Avramovic
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 544

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Book Description
In 1970 a large World Bank mission visited Colombia to make a comprehensive study of the economy. This report is the result of its investigation. It assesses the country's present needs and, through a novel preinvestment study program, makes recommendations for the future needs of particular sectors. The authors first discuss the issues which cut across particular sectors - employment, investment, public finance, regional development, and planning. They then go on to analyze the problems and prospects for particular sectors, among them industry, mining, agriculture, transport, communications, tourism, education, and public health.

Author: Ivan Luzardo-Luna
Publisher: Springer Nature
ISBN: 303025755X
Category : Business & Economics
Languages : en
Pages : 154

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Book Description
Looking at the years 1870-2016, this book analyses the reasons behind Colombia’s chronically slow economic growth. As a comparative economic history, it examines why Colombia has seen lower growth rates than countries with similar institutions, culture and colonial origins, such as Argentina in 1870-1914, Mexico in 1930-1980, and Chile from 1982 onwards. While Colombia's history has shown relative macroeconomic stability, it has also shown a limited capacity for integrating into the world economy and embracing technological breakthroughs compared to the rest of the world, including steam, mass production and Information Technology. This volume thus moves away from the long-held view that institutional path dependence is the main determinant of differences in long-run economic growth across countries.