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List of Figures and Tables

List of Figures

Figure 1 Determinants of income 12

Figure 2 Human Development Index components 22

Figure 3 Easterlin Paradox: Happiness vs GNI p.c. 35

Figure 4 Dutch Disease: Demand and offer changes 46

List of Tables

Table 1 Determinants of development: Channels of Influence 14

Table 2 Evolution of the dominant meaning and measurement of welfare 19

Table 3 Life expectancy at birth 71

Table 4 Infant mortality rate per 1000 live births 73

Table 5 Expected years of schooling 74

Table 6 Mean years of schooling 75

Table 7 GNI per capita PPP 76

Table 8 Poverty headcount ratio at 1.90 USD a day (%) 78

Table 9 Share of the total population with improved water sources 79

Table 10 Access to electricity (% of the population) 80

Table 11 HDI with country comparison 82

Table 12 Country Perception Index 2018 (CPI) 85

List of abbreviations

CPI Corruption Perception Index

GDP Gross Domestic Product

GNI Gross National Product

IMF International Monetary Fond

HDI Human Development Index

IEA International Energy Agency

OECD Organisation for Economic Cooperation and Development

OLS Ordinary Least Squares

PPP Purchasing Power Parity

UNDESA United Nations, Department of Economic and Social Affairs

UNESCO United Nations Educational, Scientific and Cultural Organization

UNICEF United Nations Children's Fund

UNDP United Nations Development Programme

WHO World Health Organization

Institutions and Welfare in Colombia: a comparative analysis

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