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Had Kuznets Visited Colombia Juan L Londono
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adjustment agricultural sector assets auctions average balance of payments Banco Bogota Bolivia campesino capital flight changes coca cocaine coffee boom coffee price Colombia Colombian agriculture competition costs crops debt demand developing countries dynamic effects equation equilibrium estimated evolution exchange rate misalignment exchange rate path exchange rate policy exports factors financial sector financial system fiscal foreign exchange Gini coefficient human capital impact import licenses improvement incentives income distribution increase inequality inflation interest rates investment Kuznets Curve labor income Latin America Londono long-run macroeconomic manufacturing million Mision money market money supply nominal devaluation nominal exchange rate nontradable opportunity cost output period policy intervention political production real exchange rate reduced reform program relative price reserves result returns to human rural seventies share Simulation structural subsectors subsidies Table tariff tradable trade liberalization trade reform variables wage World Bank