Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/127628
Authors: 
Cicowiez, Martin
Machicado, Carlos Gustavo
Year of Publication: 
2011
Series/Report no.: 
Documento de Trabajo 115
Abstract: 
This paper analyses the impact of the Global Financial Crisis on the Bolivian economy. The PEP 1-1 Standard Model has been employed to analyze the effects of a reduction in (i) the world export prices of mining and agriculture, (ii) the world demand of textiles, and (iii) transfers to households (i.e., remittances) from abroad. The model has been calibrated to a new 2006 SAM for Bolivia. The households have been disaggregated according to their location (urban and rural) and ethnicity (indigenous and non-indigenous). The factors of production have been disaggregated into skilled and unskilled labor, capital, and natural resources. Not surprisingly, our results highlight the relevance of the decrease in the export price of natural gas in explaining the negative effects of the Global Financial Crisis.
Subjects: 
Computable General Equilibrium Model
Financial Crisis
Forecasting and Simulation
JEL: 
C68
G01
E17
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.