Immigration and the Venezuelan crisis
the short-term effect on socioeconomic indicators of Norte de Santander
Abstract
This research identifies the effects of the Venezuelan migratory phenomenon on a key group of indicators that approximates different economic and social dimensions of the department of Norte de Santander in the period 2012-2019, through a descriptive analysis and the estimation of a linear regression model. It was found that almost all of the employment indicators examined show a marked deterioration in Norte de Santander at a time when the migratory flow from Venezuela is growing, and an increase in the demand for public services stands out. A statistically significant negative net effect of migration on economic growth was estimated. The estimate of the impact of the Venezuelan economic crisis, examined through the foreign trade channel, was not conclusive. The department managed to soften the impacts by diversifying its trading partners and transforming its export basket.
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