Submitted by Daniele Santos (danielesantos.htl@gmail.com) on 2017-01-18T19:23:50Z No. of bitstreams: 1 Mario Sierra_Final aprovado.docx: 1504580 bytes, checksum: a023d401b8aee546043b4e9d5ea9e450 (MD5) / Approved for entry into archive by Janete de Oliveira Feitosa (janete.feitosa@fgv.br) on 2017-01-24T16:45:14Z (GMT) No. of bitstreams: 1 Mario Sierra_Final aprovado.docx: 1504580 bytes, checksum: a023d401b8aee546043b4e9d5ea9e450 (MD5) / Made available in DSpace on 2017-02-02T12:45:30Z (GMT). No. of bitstreams: 1 Mario Sierra_Final aprovado.docx: 1504580 bytes, checksum: a023d401b8aee546043b4e9d5ea9e450 (MD5) Previous issue date: 2016-11-09 / This research aimed to identify the main investment barriers for Foreign Direct Investment (FDI) in Oil and Gas in Colombia. The first part of the research was the literature review in which the Survey from the Fraser Institute was selected as the primary source of information. This Survey had global coverage and measured 16 factors that are consider critical for investment decisions. Among them, five factors were selected Security, Infrastructure, Disputed Land Claims, Labor Regulation/Employment Agreement and Protected Areas which had negative responses over 50 %. Through interviews with six high executives, one from each Oil Associations of Colombia (Acipet, ACP, ANDI and Campetrol ), one from an Regional Oil Company and one from Oil Service Company, it was possible to get opinions about trends and improvement actions to eliminate investment barriers in the country. Using the content analysis from Bardin, the interviews were reviewed to identify similarities and differences about trends and actions that the government could take to become an effective enabler of FDI in Oil and Gas in Colombia. Main similarities of the interviews were regarding the importance of social development in Oil areas in the country. Most of the barriers in the sectors have as a root cause extreme poverty and poor education. There will not be sustainability on oil exploration and production on those areas if the people do not have basic needs cover and when they depend 100% on non-renewal resource. The government should develop initiative that promote agricultural development in oil areas through education and productivity program. This will have a significant impact on security and facilitate previous consultation project.

Submitted by Daniele Santos (danielesantos.htl@gmail.com) on 2017-02-22T17:48:51Z No. of bitstreams: 1 Luis Fernando Maldonado.pdf: 1818908 bytes, checksum: 94b79ebbd673f75a1f0b21f5fe608a1a (MD5) / Approved for entry into archive by Janete de Oliveira Feitosa (janete.feitosa@fgv.br) on 2017-02-23T17:41:42Z (GMT) No. of bitstreams: 1 Luis Fernando Maldonado.pdf: 1818908 bytes, checksum: 94b79ebbd673f75a1f0b21f5fe608a1a (MD5) / Made available in DSpace on 2017-02-24T14:19:58Z (GMT). No. of bitstreams: 1 Luis Fernando Maldonado.pdf: 1818908 bytes, checksum: 94b79ebbd673f75a1f0b21f5fe608a1a (MD5) Previous issue date: 2016-11-09 / This research main purpose is to determine the effects of oil prices in an oil exporting economy with focus on the Colombian case. First of all, it will be determined if Colombia is a net oil exporter; then, the relevance of oil exports in Colombia’s economy will be determined in order to define if this commodity is important for the Colombian economy. After proving the importance of oil in the country’s economy, an econometric model will be applied to demonstrate if the hypothesis that there is a direct relationship between oil prices and Colombia’s economic performance is true. The variables that are going to be tested in this paper are Consumer Price Index (CPI), Gross Domestic Product (GDP) and Balance of Payments (BOP) which captures the net effect between exports and imports plus net capital flows. If the hypothesis that oil prices directly affect Colombia’s economic performance is proved to be right, very close attention must be paid because oil is a non-renewable source of energy and unless new oil deposits are discovered, the commodity will begin to drain and an even higher negative effect can be observed in the future if the country’s economic focus doesn’t change before existing oil is all used up along with the county reserves. If the country doesn’t concentrate in diversifying its economy, Dutch disease can be very harmful because the economy will be in very bad shape when oil dries up or prices become very low that country revenues plummet and extracting this commodity is not profitable enough and production and further exploitation will simply be inexistent.