Abstract
A test of the Caballero-Lyons [1989] model of external effects in manut-acturing is performed with a gross output and value added data set of 28 two-digit industries for Colombia, using panel data estimation techniques. Both at aggregate and at industry level there is no evidence of economies of scale. At industry level there is a positive aggregate externality that ranges from 0.38% to 0.25% for a one-percent increase in aggregate manufacturing activity. The effect of effort, capacity utilization or policy regimes does not seem to affect significantly these results.
| Translated title of the contribution | External effects in Colombian manufacturing |
|---|---|
| Original language | Spanish |
| Pages (from-to) | 171-189 |
| Number of pages | 19 |
| Journal | Cuadernos de Economia (Colombia) |
| Volume | 19 |
| Issue number | 33 |
| DOIs | |
| State | Published - 2000 |
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