Too late but profitable : railroads in Colombia during 1920-1950

Borradores de Economia
Número: 
838
DOI: 
https://doi.org/10.32468/be.838
Publicado: 
Authors:
Adolfo Enrique Meisel-Roca,
María Teresa Ramírez-Giraldo,
Juliana Jaramillo-Echeverri
Clasificación JEL: 
N26
Palabras clave: 
Rate Of Return, Investment, Railroads, foreign debt
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During the 1920s, the Colombian economy experienced the highest rate of growth in its history. The economic reforms of 1923 (the central bank, gold standard, banking legislation, fiscal reorganization), the coffee boom, and the unprecedented influx of for