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dc.contributor.authorMachicado, Carlos Gustavoen
dc.contributor.authorEstrada, Paulen
dc.contributor.authorFlores, Ximenaen
dc.date.accessioned2010-10-21-
dc.date.accessioned2011-05-26T10:02:47Z-
dc.date.available2011-05-26T10:02:47Z-
dc.date.issued2010-
dc.identifier.urihttp://hdl.handle.net/10419/45691-
dc.description.abstractIt 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.en
dc.language.isoengen
dc.publisher|aInstitute for Advanced Development Studies (INESAD) |cLa Pazen
dc.relation.ispartofseries|aDevelopment Research Working Paper Series |x04/2010en
dc.subject.jelE62en
dc.subject.jelH54en
dc.subject.jelO41en
dc.subject.ddc330en
dc.subject.keywordFiscal Policyen
dc.subject.keywordInfrastructureen
dc.subject.keywordMultisector Growth Modelen
dc.subject.stwFinanzpolitiken
dc.subject.stwInfrastrukturinvestitionen
dc.subject.stwDynamisches Gleichgewichten
dc.subject.stwKleines-offenes-Landen
dc.subject.stwMehr-Sektoren-Modellen
dc.subject.stwBolivienen
dc.titlePublic expenditure policy in Bolivia: Growth and welfare-
dc.typeWorking Paperen
dc.identifier.ppn637359623en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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