This Investigation is  oriented to evaluate the hipothesis that an active fiscal policy could affect in a positive form the private gross investment and real GDP in Colombia for tehe period 1950-1960. For this, economic theory is used with two interpretative options on this relationship. First on affirms that public investment is complementary to private investment. In the second option we expect to find positive and persistent multipliers of public spending.For testing the hypothesis, it used the structural VAR approximation and the keynesians multipliers. Fort he first way, the results found a complementary effect between public and private investment, whwn investment was for public Works and communications development in the short time during the years of the study. In the second case, present analysis fpund evidence to affirm that effects of fiscal policy on economic activity measured through accumulated multipliers of public spending are positive in the contemporary year, after that, they reach the unit. Finally, the sector with the greatest multiplier effects of public expenditure on real GDP is public Works. Fiscal policy also operates through the accumulated multiplier of total taxes on real GDP. In this  case,  it is negative, persistent and small like is expected in the theory.
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