LABOR ELASTICITY OF GROWTH BY SECTOR AND DEPARTMENT IN COLOMBIA: THE IMPORTANCE OF THE AGRICULTURAL EMPLOYMENT ELASTICITY
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Universidad de los Andes
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The employment elasticity measures the employment generated per unit of economic growth. The general literature suggests that low elasticities in the agricultural sector, along with high elasticities in the other sectors are appropriate for pro-poor economic growth. This paper estimates the employment elasticities in Colombia at the national and departmental level, in general as well as by sector, and analyzes how they relate to certain socioeconomic variables. Main results show positive nation-wide elasticities, relatively lower in agriculture, suggesting a movement from lower to higher-productive jobs. Highly competitive regions show positive and large elasticities in manufacturing and services, while low competitive regions have large negative elasticities in the agricultural sector.
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Agrociencias