*Econometric Analysis*

The area below the curve gave the amount of CDW produced over time. The CDW flow per year was obtained as well. The gross domestic product from construction gave the cash flow per year. The statgraphics software was used to find the correlation between the flow of CDW and the flow of GDP from construction.

The Hodrick–Prescott and Baxter–King filters were used to compare the statistical cyclical component properties of the time series for both GDP and CDW generated from construction, showing how the properties of the cyclical component vary depending on the filter used in a cycle-trend decomposition. After quantifying CDW in Colombia, the data were compared with respect to information available in Latin America and the rest of the world.
