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Efectos asimétricos de la inversión pública sectorial sobre el crecimiento económico

Author

Listed:
  • Ricardo Molina Díaz
  • Pablo Cachaga Herrera

    (Banco Central de Bolivia)

Abstract

En el último decenio, la inversión pública aumentó notoriamente constituyéndose en un factor importante del crecimiento del producto. En este sentido, el presente documento realiza un análisis del efecto diferenciado de la inversión pública sectorial sobre el PIB para el periodo 1990 al 2016, asumiendo que el efecto de la inversión pública en la actividad económica dependerá del sector donde se destinen los recursos (productivo, infraestructura, social o multisectorial); asimismo, este efecto será diferenciado en el corto y largo plazo. Considerando las características de los datos, se utiliza un panel cointegrado y un modelo de Vector de Corrección de Errores (VEC) para estimar las elasticidades de corto y largo plazo. Los resultados muestran que la inversión en infraestructura tiene mayor efecto en el largo plazo, seguida por la inversión productiva.

Suggested Citation

  • Ricardo Molina Díaz & Pablo Cachaga Herrera, 2018. "Efectos asimétricos de la inversión pública sectorial sobre el crecimiento económico," Serie de Documentos de Trabajo 2018/02, Banco Central de Bolivia.
    • Handle: RePEc:blv:doctra:2018/02
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    File URL: https://www.bcb.gob.bo/webdocs/publicacionesbcb/2020/09/27/32%20-%20Efectos%20asim%C3%A9tricos%20de%20la%20inversi%C3%B3n%20p%C3%BAblica%20sectorial%20sobre%20el%20crecimiento%20econ%C3%B3mico.pdf
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    File URL: https://www.bcb.gob.bo/?q=pub_documentos-trabajo
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    More about this item

    Keywords

    Inversión; producción; política fiscal; gasto e inversión;
    All these keywords.

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory

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