Stabilization Policies And Agricultural Impacts In Developing Countries: The Case Of Bolivia
AbstractThis research examines the success of stabilization policies to control hyperinflation in Bolivia. Money demand functions for the hyperinflation and stabilization periods were econometrically estimated and statistically tested. We conclude that the demand for money in Bolivia changed after stabilization policies were implemented, indicating that the new government's objectives were met. Stabilization policies resulted in real economic growth for Bolivia's economy, including its agricultural sector, where agricultural export shares increased tenfold as stabilization policies corrected overvalued exchange rates.
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Bibliographic InfoArticle provided by Southern Agricultural Economics Association in its journal Journal of Agricultural and Applied Economics.
Volume (Year): 27 (1995)
Issue (Month): 01 (July)
Bolivia; Developing countries; Hyperinflation; Money demand; Stabilization policies; Political Economy;
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