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Natural Resources, Tradable and Non-tradable Sector: An Exemplification with Bolivia, a Boom - Tradable and Non-tradable Model

Author

Listed:
  • Roger Alejandro Banegas Rivero

    (Institute of Economic and Social Research “José Ortiz Mercado”, Universidad Autónoma Gabriel René Moreno, Bolivia,)

  • Marco Alberto Núñez Ramírez

    (Department of Management, Instituto Tecnológico de Sonora, México)

  • Luis Fernando Escobar Caba

    (Institute of Economic and Social Research “José Ortiz Mercado”, Universidad Autónoma Gabriel René Moreno, Bolivia)

Abstract

In this document the transmission channel between natural resource dependence and its dynamic effects on growth is evaluated (Dutch disease hypothesis). An exemplification is done through a small open economy (Bolivia case) according to representative characteristics of high concentration in exports of hydrocarbon and minerals, and their implications in the productive sectors: boom (B), tradable (T), and non-tradable (NT) [Boom TNT model], plus the addition of domestic demand and relative prices (foreign and domestic) in alternative econometric specifications by structural restrictions (SVAR) for quarterly period from 2000 to 2015. The results show statistical predominance of long-term responses over short-term specifications, and different magnitudes between positive and negative shocks.

Suggested Citation

  • Roger Alejandro Banegas Rivero & Marco Alberto Núñez Ramírez & Luis Fernando Escobar Caba, 2017. "Natural Resources, Tradable and Non-tradable Sector: An Exemplification with Bolivia, a Boom - Tradable and Non-tradable Model," International Journal of Energy Economics and Policy, Econjournals, vol. 7(5), pages 68-82.
  • Handle: RePEc:eco:journ2:2017-05-8
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    References listed on IDEAS

    as
    1. Barja, Gover & Zavaleta, David, 2016. "Disminución de precios de commodities en un ambiente de enfermedad holandesa y bendición/maldición de los recursos naturales," Revista Latinoamericana de Desarrollo Economico, Instituto de Investigaciones Socio-Económicas (IISEC), Universidad Católica Boliviana, issue 25, pages 7-40, Mayo.
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    More about this item

    Keywords

    Dutch disease; Growth; Resource booms; Dependence; Tradable; Non-tradable.;

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q33 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Resource Booms (Dutch Disease)
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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