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Elasticidad de la sustitución de bienes no transables en Bolivia

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  • Gover Barja Daza
  • Javier Monterrey Arce
  • Sergio Villarroel Bohrt

Abstract

(Disponible en idioma inglés únicamente) En este trabajo se emplea una función CES para calcular la elasticidad constante de la sustitución en el consumo de bienes no transables, en comparación con bienes transables en el marco de una economía dependiente. La metodología seguida para la generación de datos sobre el consumo real de bienes transables y no transables, los precios reales de los bienes transables y no transables y la absorción real se basan en la matriz de entradas-salidas de Bolivia, los datos trimestrales sobre producción para el período de enero de 1990 a abril de 2002. Los datos identifican a Bolivia como un país altamente abierto al comercio, con una proporción media de 55% en el valor de sus exportaciones e importaciones en relación con el PIB; la producción de bienes no transables representa 52% del PIB, así como las diferencias en el comportamiento de los tipos de cambio real interno y externo. Se emplea la prueba HEGY para identificar y separar las raíces estacionales de los datos. Se halló una relación de cointegración entre la absorción real, la proporción entre el consumo de bienes no transables y de bienes transables y la relación de precios de bienes no transables a bienes transables, lo que sugiere que la sustitución no es elástica.

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Bibliographic Info

Paper provided by Inter-American Development Bank, Research Department in its series Research Department Publications with number 3182.

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Date of creation: Feb 2005
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Handle: RePEc:idb:wpaper:3182

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  1. Guillermo A. Calvo & Alejandro Izquierdo & Ernesto Talvi, 2002. "Sudden Stops, the Real Exchange Rate and Fiscal Sustainability: Argentina's Lessons," IDB Publications 6821, Inter-American Development Bank.
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  8. Banerjee, Anindya & Dolado, Juan J. & Galbraith, John W. & Hendry, David, 1993. "Co-integration, Error Correction, and the Econometric Analysis of Non-Stationary Data," OUP Catalogue, Oxford University Press, number 9780198288107.
  9. Engel, Charles & Kletzer, Kenneth, 1989. "Saving and Investment in an Open Economy with Non-traded Goods," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 30(4), pages 735-52, November.
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