Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/213510
Authors: 
Machicado, Carlos Gustavo
Year of Publication: 
2018
Series/Report no.: 
Development Research Working Paper Series No. 09/2018
Abstract (Translated): 
This paper analyzes Bolivia's long-term economic growth between 1950 and 2015, identifying its proximate causes through a growth accounting exercise, which considers the direct and indirect effects of Total Factor Productivity (TFP) on GDP per worker. The novelty is that the measurement of TFP that is obtained, takes into account the adjustment for quality and use of production factors (capital and labor). In addition, development accounting exercises are performed (in growth rates and levels) comparing the performance of the Bolivian economy with the Chilean economy, finding that although certain gaps have been closed with Chile, in recent years, it continues to be the low productivity the Achilles heel of the Bolivian economy. Finally, the fundamental causes of Bolivian economic growth are analyzed, with an emphasis on institutional, external, investment efficiency and financial factors. It is found that the terms of trade and macroeconomic stability are the fundamental determinants of TFP in Bolivia.
Subjects: 
Growth and development
Total Factor Productivity
Data
JEL: 
E23
O11
O47
Document Type: 
Working Paper

Files in This Item:
File
Size
746.19 kB





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