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Multiplicador del gasto público en Bolivia: una primera aproximación

Author

Listed:
  • Pablo Puig, Jorge

    (Departamento de Economía Facultad de Ciencias Económicas.Universidad Nacional de la Plata.)

Abstract

Este trabajo proporciona por primera vez estimaciones empíricas sobre el multiplicador del gasto público de Bolivia, utilizando una metodología de vectores autorregresivos estructurales (SVARs). Al mismo tiempo considera la composición del gasto público según se trate de gasto corriente o gasto de capital. El gasto total sobre el producto provoca un multiplicador imperceptible en el impacto pero que rápidamente pierde soporte estadístico. La misma dinámica muestra el gasto corriente mientras que el gasto de capital tiene un multiplicador muy pequeño y estadísticamente significativo al cabo de 12 trimestres. Sobre el resto de los agregados macroeconómicos los multiplicadores estimados son pequeños y rara vez significativamente distinto de cero.

Suggested Citation

  • Pablo Puig, Jorge, 2015. "Multiplicador del gasto público en Bolivia: una primera aproximación," Revista Latinoamericana de Desarrollo Economico, Carrera de Economía de la Universidad Católica Boliviana (UCB) "San Pablo", issue 24, pages 47-78, Noviembre.
    • Handle: RePEc:ris:revlde:1929
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    References listed on IDEAS

    as
    1. Alan J. Auerbach & Yuriy Gorodnichenko, 2012. "Measuring the Output Responses to Fiscal Policy," American Economic Journal: Economic Policy, American Economic Association, vol. 4(2), pages 1-27, May.
    2. Alberto Alesina & Filipe R. Campante & Guido Tabellini, 2008. "Why is Fiscal Policy Often Procyclical?," Journal of the European Economic Association, MIT Press, vol. 6(5), pages 1006-1036, September.
    3. Barro, Robert J, 1981. "Output Effects of Government Purchases," Journal of Political Economy, University of Chicago Press, vol. 89(6), pages 1086-1121, December.
    4. Alan J. Auerbach & Yuriy Gorodnichenko, 2012. "Fiscal Multipliers in Recession and Expansion," NBER Chapters, in: Fiscal Policy after the Financial Crisis, pages 63-98, National Bureau of Economic Research, Inc.
    5. Robert J. Barro & Charles J. Redlick, 2011. "Macroeconomic Effects From Government Purchases and Taxes," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 126(1), pages 51-102.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Gonzáles Zuazo, Rodrigo & Molina Fernández, José Miguel, 2017. "On Graduation from Fiscal Procyclicality: The case of Bolivia," Revista Latinoamericana de Desarrollo Economico, Carrera de Economía de la Universidad Católica Boliviana (UCB) "San Pablo", issue 27, pages 39-56, May.
    2. Osmar Bolivar, 2022. "Fiscal Multipliers: Empirical Evidence for a Cost-Effective Allocation of Public Investment," Cuadernos de Investigación Económica Boliviana, Ministerio de Economía y Finanzas Públicas de Bolivia, vol. 5(2), pages 1-28, December.

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    More about this item

    Keywords

    Multiplicador del Gasto; Política Fiscal; Ciclo Económico; SVAR.;
    All these keywords.

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts

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