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Domestic Demand as engine of the Economic Growth in Bolivia


  • Osmar Bolivar

    (Ministerio de Economía y Finanzas Públicas)

  • Darwin Ugarte

    (Ministerio de Economía y Finanzas Públicas)


During recent years, the Bolivian economy has exhibited a great performance, which in the structure of the current economic model, it is underpinned by domestic demand and the active participation of the State in the economy. This research presents empirical evidence that corroborate these assertions. Moreover, it disaggregates the specific impacts of private domestic demand, public domestic demand and external demand on growth. The document also displays evidence on the relationship of complementarity between public domestic demand and private domestic demand (crowding-in). For these purposes, an Structural VAR is estimated which interrelates the product, the private domestic demand, public domestic demand and external demand, based on identification conditions in line with the reality of the Bolivian economy."

Suggested Citation

  • Osmar Bolivar & Darwin Ugarte, 2015. "Domestic Demand as engine of the Economic Growth in Bolivia," Cuadernos de Investigación Económica Boliviana, Ministerio de Economía y Finanzas Públicas de Bolivia, vol. 1(1), pages 1-27, October.
  • Handle: RePEc:efp:journl:v:1:y:2015:i:1:p:1-27

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    More about this item


    Growth; Private Domestic Demand; Public Domestic Demand; External Demand;
    All these keywords.

    JEL classification:

    • C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General
    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General


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