Macroeconomic Adjustment in Bolivia since the 1970s: Adjustment to What, By Whom, and How? Analytical Insights from a SAM Model
AbstractThis paper discusses alternative adjustment patterns in Bolivia over the last three decades using a SAM-based model that explicitly separates formal from informal activities, includes separate accumulation balance adjustments for different economic agents, differentiates closures by periods of time, and incorporates balances for all sectors of the economy. It is argued that both, fluctuating capital inflows and terms of trade as well as the stabilization policies and the structural reforms, affected different groups differently. Moreover, the various adjustment patterns followed by the groups have determined the direction of adjustment at the macroeconomic level. Thus, macroeconomic adjustment in Bolivia has been the outcome of sectoral adjustments and of the interactions among different agents through the diverse markets they operate in.
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Bibliographic InfoPaper provided by Kiel Institute for the World Economy in its series Kiel Working Papers with number 1031.
Length: 51 pages
Date of creation: Mar 2001
Date of revision:
Macroeconomic adjustment; Social Accounting Matrix; Bolivia;
Find related papers by JEL classification:
- E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
- E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes
- C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
- O54 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean
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- Tanzi, Vito, 1982. "Fiscal disequilibrium in developing countries," World Development, Elsevier, vol. 10(12), pages 1069-1082, December.
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