Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/45691 
Erscheinungsjahr: 
2010
Schriftenreihe/Nr.: 
Development Research Working Paper Series No. 04/2010
Verlag: 
Institute for Advanced Development Studies (INESAD), La Paz
Zusammenfassung: 
It has been widely documented that fiscal policy can promote economic growth, when it is based on an efficient provision of pubic capital. But little work has been done, in Bolivia, in relation to the macroeconomic and sectoral impacts of increasing public investment in infrastructure. This paper develops a Dynamic Stochastic General Equilibrium (DSGE) model for a small open economy with five sectors: Non-tradable or services, importable or manufacturing, hydrocarbons, mining and agriculture. The model is parameterized and solved for the Bolivian economy and several interesting scenarios are simulated by changing government expenditures, taxes, country risk, Total Factor Productivity, effectiveness of public capital and terms of trade. This analysis is relevant for the Bolivian economy, because the government is using fiscal policy as one of its main tool to attack poverty and aims to put public investment as the foremost instruments to promote growth and welfare.
Schlagwörter: 
Fiscal Policy
Infrastructure
Multisector Growth Model
JEL: 
E62
H54
O41
Dokumentart: 
Working Paper

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