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Construcción de una Bolivia artificial: Efectos de la Política Económica desde 2006
[Construction of an artificial Bolivia: Effects of the Economic Policy since 2006]

Author

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  • Valdivia Coria, Joab Dan
  • Valdivia Coria, Daney David

Abstract

In recent years the need arose to assess the effects of the policies implemented since 2006 in Bolivia. A document that refutes the results achieved by the government of Evo Morales (Chumacero R., 2019), indicates that the growth achieved between 2006 and 2016 was luck. However, the characteristics and assumptions indicated in that document can be for any economy, because it omits characteristics of the Bolivian economy. In this sense, our proposal, through the application of the synthetic control method, encompasses 24 predictors, divided into 5 dimensions, where idiosyncratic variables that characterize the Bolivian economy are identified, for example, income by mineral and natural gas. The results of the methodology indicate a close coincidence between Bolivia observed and synthetic Bolivia pretreatment, before 2005. From 2008 there is a greater difference between the real and counterfactual per capita GDP, showing positive effects of the policies implemented by the government of Evo Morales (2006 - 2016), on average 6% above synthetic Bolivia, resulting in USD333 (measured in Purchasing Power Parity).

Suggested Citation

  • Valdivia Coria, Joab Dan & Valdivia Coria, Daney David, 2019. "Construcción de una Bolivia artificial: Efectos de la Política Económica desde 2006
    [Construction of an artificial Bolivia: Effects of the Economic Policy since 2006]
    ," MPRA Paper 96626, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:96626
    as

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    File URL: https://mpra.ub.uni-muenchen.de/96626/1/MPRA_paper_96626.pdf
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    References listed on IDEAS

    as
    1. repec:wly:amposc:v:59:y:2015:i:2:p:495-510 is not listed on IDEAS
    2. Alberto Abadie & Javier Gardeazabal, 2003. "The Economic Costs of Conflict: A Case Study of the Basque Country," American Economic Review, American Economic Association, vol. 93(1), pages 113-132, March.
    3. Grier, Kevin & Maynard, Norman, 2016. "The economic consequences of Hugo Chavez: A synthetic control analysis," Journal of Economic Behavior & Organization, Elsevier, vol. 125(C), pages 1-21.
    4. Abadie, Alberto & Diamond, Alexis & Hainmueller, Jens, 2010. "Synthetic Control Methods for Comparative Case Studies: Estimating the Effect of California’s Tobacco Control Program," Journal of the American Statistical Association, American Statistical Association, vol. 105(490), pages 493-505.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Bolivia; Synthetic Control; pre-treatment predictors; post-treatment effect; 2006.;

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
    • C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques

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