Oportunidades de desarrollo económico en el posconflicto: propuesta de política

Abstract

"The objective of this paper is to explore the impact of the armed conflict on the Colombian economy. To achieve this objective, we develop a macroeconomic model with microeconomic foundations and estimate the impact of armed conflict based on available microeconomic estimations. We simulate possible post-conflict scenarios and examine their impact on the Colombian economy. By taking into account microeconomic evidence, we are able to identify how the costs of conflict are translated to the economy, which costs have a greater impact and, consequently, which public policies are better suited to mitigate them. The model also helps to identify the best strategies to reduce violence while enjoying sustainable economic growth. The study concludes that the proposed compensation policies are fiscally viable, but an optimal post-conflict policy requires proactive social policies. Otherwise, production will not benefit effectively from the population flows returning to rural areas nor the additional capital. Thus, potential medium and long-term growth gains will be wasted."