Abstract

BONILLA CARDENAS, Santiago. Economic structure and unemployment in Colombia: a VEC analysis. Soc. Econ. [online]. 2011, n.20, pp.99-124. ISSN 1657-6357.

The objective of this article is to show that features related to economic structure in Colombia are relevant in order to explain the level of unemployment. By using a VEC model and by analyzing impulse response functions and variance decomposition, it is concluded that increasing the degree of structural development of the economy is a policy that can help reduce unemployment in Colombia.

Keywords : Economic Structure; Unemployment; Manufacturing Sector; VEC model.

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