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Stabilization Policies and Agricultural Impacts in Developing Countries: The Case of Bolivia

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  • De la Barra, Victor H.
  • Marchant, Mary A.
  • Isinika, Aida C.

Abstract

This research examines the success of stabilization policies to control hyperinflation in Bolivia. Money demand functions for the hyperinflation and stabilization periods were econometrically estimated and statistically tested. We conclude that the demand for money in Bolivia changed after stabilization policies were implemented, indicating that the new government's objectives were met. Stabilization policies resulted in real economic growth for Bolivia's economy, including its agricultural sector, where agricultural export shares increased tenfold as stabilization policies corrected overvalued exchange rates.

Suggested Citation

  • De la Barra, Victor H. & Marchant, Mary A. & Isinika, Aida C., 1995. "Stabilization Policies and Agricultural Impacts in Developing Countries: The Case of Bolivia," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 27(1), pages 184-196, July.
    • Handle: RePEc:cup:jagaec:v:27:y:1995:i:01:p:184-196_01
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