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Efectos de la inversión pública y privada en el crecimiento económico de Bolivia

Author

Listed:
  • Joab Dan Valdivia Coria
  • Juan Carlos Carlo Santos

    (Banco Central de Bolivia)

Abstract

El objetivo de la presente investigación es encontrar evidencia empírica del efecto crowding-in en el corto y largo plazo de la inversión pública sobre la inversión privada y el impacto del capital público/privado sobre el crecimiento económico desde una perspectiva sectorial. En el estudio, se consideran los sectores de agricultura, construcción, hidrocarburos, energía, industria y minería. Los resultados del modelo VEC muestran un efecto crowdingin en todos los sectores. El efecto más importante se observa en el sector de hidrocarburos, seguido de los sectores de construcción y agricultura. Por su parte, los resultados del modelo PVAR recursivo también muestran la existencia de crowding-in con diferentes magnitudes a través del tiempo. Asimismo, se evidencia un efecto positivo del capital público y privado en el crecimiento económico.

Suggested Citation

  • Joab Dan Valdivia Coria & Juan Carlos Carlo Santos, 2021. "Efectos de la inversión pública y privada en el crecimiento económico de Bolivia," Revista de Análisis del BCB, Banco Central de Bolivia, vol. 34(1), pages 55-86, January -.
    • Handle: RePEc:blv:journl:v:34:y:2021:i:1:p:55-86
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    More about this item

    Keywords

    Capital público y privado; modelo de corrección de errores; vectores auto-regresivos recursivos en datos de panel;
    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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