Trade liberalization and premature deindustrialization in Colombia

Journal of Economic Structures

The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)

Table 8 “Best” 10 products for structural transformation in Colombia.

Product	Strategic value standardized	Density	PRODY
Sulfonamides	− 0.061	0.105	50,092.77
Cellulose acetate	1.025	0.100	34,717.73
Reaction motors	0.237	0.102	37,686.39
Chemicals and flashlight materials for photography	0.278	0.098	37,219.34
Crystals and parts of electronic components, not specified elsewhere	0.574	0.103	29,902.22
Tin and its alloys worked	0.188	0.110	27,271.03
X-ray apparatus and equipment; accessories and parts	− 0.304	0.100	38,185.05
Glucosides, glands, antisera, vaccines and similar products	− 0.785	0.097	43,439.2
Works of art, collectors’ pieces and antiques	0.770	0.095	31,560.09
Other organic–inorganic compounds	− 0.044	0.092	38,512.07

For this final table, only products with a PRODY of more than 20,000 (more than 20,000 dollars per capita) are considered. Only products with initial code 5, 6, 7 and 8, according to the SITC, which refer to chemical products, manufactured articles, machinery and equipment of transport and several manufactures, respectively, are taken. To determine the “best,” we took the standardized value of PRODY, density and strategic value and we gave each one a weight of 1/3. These values were added and organized from highest to lowest. The table shows uniquely the top 10 products