Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/333218 
Authors: 
Year of Publication: 
2021
Citation: 
[Journal:] Ecos de Economía: A Latin American Journal of Applied Economics [ISSN:] 2462-8107 [Volume:] 25 [Issue:] 53 [Publisher:] Universidad EAFIT [Place:] Medellín, Colombia [Year:] 2021 [Pages:] 4-20
Publisher: 
Universidad EAFIT: Revistas Académicas, Medellín, Colombia
Abstract: 
People’s mobility behavior and self-correcting economic forces are shown to be key variables in explaining the observed contraction and recovery of the Bolivian economy during COVID-19’s first wave. ARMAX models are used to explain the growth rate of the monthly index of economic activity in terms of changes in the rate of mobility measures produced by Google. These measures are argued to capture the effect of the complex dynamics of COVID-19 epidemiology and COVID-19 policies on people’s decisions when balancing health risks with inevitable economic sacrifice, thus affecting aggregate economic activity.
Subjects: 
ARMAX models
COVID-19 policies
Economic activity
Bolivia
JEL: 
C22
O54
E32
E71
I18
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article
Document Version: 
Published Version
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