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The Colombian economy is cycling towards recovery, with projections of moderate growth. Increasing investment and improving infrastructure are needed to accelerate the pace. Seizing local and external opportunities is crucial. Public-private collaboration is key to achieving economic goals.
Since the end of 2019 through the first quarter of 2024, the Gross Value Added (GVA) of the services sector has increased by 6.3%, compared to 3.7% for the total economy. In addition, the number of hours worked increased by more than 2%, compared to 0.9% for all sectors.
Colombia's economy grapples with recovery challenges. Proposing an infrastructure plan to link regions, cut logistic costs, and drive housing, business hubs, and energy projects. Public-private collaboration is paramount.
In this edition of the QLMO, we analyze the labor market situation with data available up to the first quarter of 2024. We review the trends of the main indicators, examine the differences between the Labor Force Survey and administrative recor…
Evidence shows that permanent improvements in productivity lead to a gradual reduction in hours worked per employee. In contrast, reversing this order of causality hinders employment growth.
If there is one thing we have learned over the past two centuries of ups and downs, it is that the key to overcoming turbulent times is strong and shared economic growth.
This Working Paper contributes to the existing literature by examining the welfare implications of degrowth. We use an environmental Dynamic General Equilibrium (eDGE) model, calibrated to replicate the most relevant macroeconomic and environmental features of Spain.
This Observatory evaluates the factors that explain the cyclical behavior of GDP in Spain, full-time equivalent employment and productivity up to 4Q2023.
Large Language Models have revolutionized the Artificial Intelligence (AI) landscape since they were first developed in 2017 when a group of Google researchers wrote their now famous "Attention is all you need".
The growth of the Colombian economy was exceptionally low in 2023, registering at 0.6%. The primary culprit for this outcome was the steep decline in investment. Concerns extend beyond the short term, as the low investment rates will constrain …
With a similar starting level two decades ago, Gross Fixed Capital Formation per working-age adult in Spain stood at 2,217 euros in 3Q23, 5.3% less than in 2001, while in the EU27 it reached 3,282 euros, 35.6% more than in 2001 and 48.0% more than in Spain.
Although per-capita income also depends on demographics, the employment rate and hours worked per employed person, productivity is the only determinant that is not subject to a natural limit and is capable of generating sustained long-term growth.
