Institutions and Welfare in Colombia: a comparative analysis. Diego Gonzalez

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Название: Institutions and Welfare in Colombia: a comparative analysis

Автор: Diego Gonzalez

Издательство: Bookwire

Жанр: Зарубежная деловая литература

Серия:

isbn: 9783748557883

isbn: 0

Аннотация:

Based on different sources about institutions and welfare in Colombia, the association between the efficiency of the institutions, and the economic development are evaluated. Adding information from nations such as Chile and Venezuela, the comparison with countries with similarities in culture and economy is executed. In theory, the institutions' strength is related to improvements in welfare. Considering this aspect, the situation of Colombia as a developing country is highlighted from a point of view, thus the recommendations on improvement of current institutional and welfare-related points at issue are worth mentioning. Positive relationships were found between the institutions and economy in most of the scenarios for each country assessed, however, exhibited negative and significant relationships to resources of commodities and economic development.