Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/213509
Authors: 
Vallejos Tarqui, Martin
Navia Cáceres, Shirley
Year of Publication: 
2018
Series/Report no.: 
Development Research Working Paper Series 08/2018
Abstract (Translated): 
This study analyses the Foreign Direct Investment (FDI) effects on the macroeconomic dynamics of Bolivian economy. For this purpose, a Structural Vector Autoregression model (SVAR) is used. The results show the expected signs according to economic theory, which implies a positive effect of foreign investment on both economic growth and domestic investment. The latter result implies complementarity between domestic and foreign investment. FDI also plays an important role for decreasing unemployment and increasing imports, mainly intermediate and capital goods that are destined to the industrial sector as well as to infrastructure.
Subjects: 
FDI
Economic growth
Economic policies
SVAR model
JEL: 
C2
O19
O33
Document Type: 
Working Paper

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