Economic factors and impact on agricultural exports: The case of Colombia compared to different countries

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Published Aug 7, 2021
DOI https://doi.org/10.17981/econcuc.43.1.2022.Econ.2

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Marisol Valencia Cárdenas
Institución Universitaria Tecnológico de Antioquia
https://orcid.org/0000-0003-3135-3012
Diego Alejandro López Cadavid
Tecnológico de Antioquia Institución Universitaria
https://orcid.org/0000-0003-2221-2381
Daniela Valderrama Castaño
Tecnológico de Antioquia, Institución Universitaria
https://orcid.org/0000-0003-3108-2849

Abstract

Exports constitute a key contribution to the economic development of a region, depending on the foreign trade policies and the customs regime of each State, as well as other essential aspects such as established tax regulations, financial freedom indexes, among others. The objective of the research is to identify the most significant economic indicators on international agricultural exports of a total of 159 countries by means of a Multiple Linear Regression model, highlighting those with similar characteristics to Colombia in order to propose a comparative proposal for the improvement of the country's exports. For this purpose, information from three databases is used: Resource Trade Earth, The Heritage Foundation and World Bank. As a result, the estimate obtained finds the most important indicators to explain export performance: Export Region, Tax Burden, Foreign Direct Investment and Financial Freedom. The above allowed inferring that Colombia should decrease the tax burden, increase foreign investment and increase economic freedom to improve its export performance.

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How to Cite
Valencia Cárdenas, M., López Cadavid, D. A., & Valderrama Castaño, D. (2021). Economic factors and impact on agricultural exports: The case of Colombia compared to different countries. ECONÓMICAS CUC, 43(1), 31–56. https://doi.org/10.17981/econcuc.43.1.2022.Econ.2
Issue
Vol. 43 No. 1 (2022)
Section
Articles: Economy and Finance
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