Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/195411 
Year of Publication: 
2017
Citation: 
[Journal:] Revista de Métodos Cuantitativos para la Economía y la Empresa [ISSN:] 1886-516X [Volume:] 23 [Publisher:] Universidad Pablo de Olavide [Place:] Sevilla [Year:] 2017 [Pages:] 24-47
Publisher: 
Universidad Pablo de Olavide, Sevilla
Abstract (Translated): 
This article presents new estimations of the distance in international business between Colombia and 57 countries in Europe, America, Asia, Africa and Oceania. The concept of distance that we use transcends the institutional level and incorporates both institutional aspects and those that have not yet been considered in the literature such as labor market, business practice and innovation. In this way, we build a holistic distance index and discuss the results for the specific case of Colombia. Thus, from the construction of a synthetic index of distance, we calculated the distances between Colombia and the countries of the sample using the Mahalanobis distance in the dimensions analyzed here. Our results show that although there is progress in the globalization of international business between Colombia and the countries of the sample there are still restrictions faced by Colombian companies that are interested in entering these markets seeking to benefit from the free trade agreements.
Subjects: 
holistic distance
factor analysis
kernel density
international business
JEL: 
C23
D22
J25
Creative Commons License: 
cc-by-sa Logo
Document Type: 
Article

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