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Multiplicador de inversión pública durante el auge y declive de precios internacionales

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  • Alarcon Gambarte, Samuel

    (n/a)

Abstract

La presente investigación tiene por objeto la medición del multiplicador fiscal de la inversión pública y sus cambios ante períodos de auge y declive de precios externos. Se utiliza por primera vez el método de proyecciones locales con variables instrumentales en base a Ramey y Zubairy (2018) para el caso de la economía boliviana. Los resultados presentan un multiplicador de inversión pública acumulado de 0.72 hasta el trimestre 12. Asimismo, el multiplicador es de 0.19 al trimestre 12 y 0.97 al trimestre 7 para períodos de auge y declive, respectivamente. Se concluye que el multiplicador es positivo y menor a la unidad; sin embargo, cuando la economía experimenta buenos (malos) precios internacionales, el efecto multiplicador de la inversión pública es menor (mayor) de lo que sugiere una disminución (incremento) de la eficiencia en el gasto de capital del Gobierno.

Suggested Citation

  • Alarcon Gambarte, Samuel, 2020. "Multiplicador de inversión pública durante el auge y declive de precios internacionales," Revista Latinoamericana de Desarrollo Economico, Carrera de Economía de la Universidad Católica Boliviana (UCB) "San Pablo", issue 33, pages 79-104, May.
    • Handle: RePEc:ris:revlde:1978
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    References listed on IDEAS

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    More about this item

    Keywords

    Inversión pública; multiplicadores fiscales; proyecciones locales;
    All these keywords.

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

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