Economic Reforms in 1970s Colombia: Assessing the Strategic Role of López Michelsen’s Government and the Coffee Boom

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dc.contributor.author Rojas Rivera, Ángela Milena
dc.date.accessioned 2020-12-16T18:25:20Z
dc.date.available 2020-12-16T18:25:20Z
dc.date.issued 2015-12
dc.identifier.bibliographicCitation Revista de Historia Económica / Journal of Iberian and Latin American Economic History (Second Series) / Volume 33 / Issue 03 / December 2015, pp 487-519
dc.identifier.issn 0212-6109
dc.identifier.issn 2041-3335 (online)
dc.identifier.uri http://hdl.handle.net/10016/31619
dc.description.abstract In this article I build an analytic narrative to provide an integrated and analytical view of the economic reforms that took place in Colombia during the years 1974-1978. Through the use of basic game theory and historical evidence, I present the core of the strategic interactions between several players: Government is depicted as a committed but poorly endowed agenda setter, Coffee as the dominant player and Industry as the contending but relatively weak player. The analysis shows that the 1976 coffee boom changed the interaction between sectors from an assurance to a prisoner’s dilemma game, and identifies as the post-boom solution the Government– Coffee coalition, which carried out a soft version of the initial reforms.
dc.description.abstract En este artículo elaboro una narrativa analítica que ofrece una mirada integrada y analítica de las reformas económicas en Colombia durante 1974-1978. A través del uso de teoría de juegos básica y de evidencia histórica, represento el núcleo de la interacción estratégica entre varios jugadores: el gobierno aparece como un jugador comprometido pero pobremente dotado en tanto ponente de la agenda, Café como el jugador dominante y la Industria como jugador contendiente pero relativamente débil. El análisis muestra que el boom cafetero de 1976 cambió la interacción entre los sectores de un juego de la confianza a un dilema del prisionero, e identifica como la solución de post-boom la coalición Gobierno-Café que implementó una versión moderada de las reformas iniciales.
dc.format.extent 33
dc.language.iso eng
dc.rights © Instituto Figuerola, Universidad Carlos III de Madrid, 2015
dc.rights Atribución-NoComercial-SinDerivadas 3.0 España
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subject.other Analytic narratives
dc.subject.other Economic reform
dc.subject.other Colombian history
dc.subject.other Alfonso López Michelsen
dc.subject.other Narrativas analíticas
dc.subject.other Reformas económicas
dc.subject.other Historia de Colombia
dc.title Economic Reforms in 1970s Colombia: Assessing the Strategic Role of López Michelsen’s Government and the Coffee Boom
dc.type article
dc.type.review PeerReviewed
dc.subject.jel D78
dc.subject.jel E65
dc.subject.jel N16
dc.subject.eciencia Economía
dc.subject.eciencia Historia
dc.identifier.doi https://doi.org/10.1017/S0212610915000166
dc.rights.accessRights openAccess
dc.type.version publishedVersion
dc.identifier.publicationfirstpage 487
dc.identifier.publicationissue 3
dc.identifier.publicationlastpage 519
dc.identifier.publicationtitle Revista de Historia Económica / Journal of Iberian and Latin American Economic History
dc.identifier.publicationvolume 33
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