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Skills versus Luck: Bolivia and its recent Bonanza

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  • Rómulo A. Chumacero

    (Department of Economics of the University of Chile)

Abstract

This paper uses different approaches to determine the contribution of internal policies and external factors on the good performance of the Bolivian economy in the recent past. It is demonstrated that the extremely favorable external conditions are mainly responsible for its bonanza, and that the domestic policies have, probably, caused more harm, than good. The extent of the harm ranges from 2% to up to 6.1% of GDP per capita.

Suggested Citation

  • Rómulo A. Chumacero, 2019. "Skills versus Luck: Bolivia and its recent Bonanza," Latin American Economic Review, Springer;Centro de Investigaciòn y Docencia Económica (CIDE), vol. 28(1), pages 1-27, December.
    • Handle: RePEc:spr:laecrv:v:28:y:2019:i:1:d:10.1186_s40503-019-0069-1
    DOI: 10.1186/s40503-019-0069-1
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    References listed on IDEAS

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    Cited by:

    1. Escobari, Diego & Hoover, Gary A., 2024. "Late-Arriving Votes and Electoral Fraud: A Natural Experiment and Regression Discontinuity Evidence from Bolivia," World Development, Elsevier, vol. 173(C).
    2. Emiliano Toni & Pablo Paniagua & Patricio 'Ordenes, 2024. "Policy Changes and Growth Slowdown: Assessing the Lost Decade of the Latin American Miracle," Papers 2407.02003, arXiv.org.
    3. 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.

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    More about this item

    Keywords

    Bolivia; Synthetic control; Panel data; DSGE;
    All these keywords.

    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
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
    • E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes

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