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Macroeconomic Adjustment in Bolivia since the 1970s: Adjustment to What, By Whom, and How? Analytical Insights from a SAM Model

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  • Jemio M., Luis Carlos

Abstract

This paper discusses alternative adjustment patterns in Bolivia over the last three decades using a SAM-based model that explicitly separates formal from informal activities, includes separate accumulation balance adjustments for different economic agents, differentiates closures by periods of time, and incorporates balances for all sectors of the economy. It is argued that both, fluctuating capital inflows and terms of trade as well as the stabilization policies and the structural reforms, affected different groups differently. Moreover, the various adjustment patterns followed by the groups have determined the direction of adjustment at the macroeconomic level. Thus, macroeconomic adjustment in Bolivia has been the outcome of sectoral adjustments and of the interactions among different agents through the diverse markets they operate in.

Suggested Citation

  • Jemio M., Luis Carlos, 2001. "Macroeconomic Adjustment in Bolivia since the 1970s: Adjustment to What, By Whom, and How? Analytical Insights from a SAM Model," Kiel Working Papers 1031, Kiel Institute for the World Economy (IfW Kiel).
    • Handle: RePEc:zbw:ifwkwp:1031
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    References listed on IDEAS

    as
    1. Sachs, Jeffrey, 1987. "The Bolivian Hyperinflation and Stabilization," American Economic Review, American Economic Association, vol. 77(2), pages 279-283, May.
    2. Tanzi, Vito, 1982. "Fiscal disequilibrium in developing countries," World Development, Elsevier, vol. 10(12), pages 1069-1082, December.
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    Cited by:

    1. Theile, Rainer & Wiebelt, Manfred, 2003. "Attacking Poverty in Bolivia – Past Evidence and Future Prospects: Lessons from a CGE Analysis," Documentos de trabajo 6/2003, Instituto de Investigaciones Socio-Económicas (IISEC), Universidad Católica Boliviana.
    2. Aliaga Lordemann, Jevier & Villegas Quino, Horacio, 2011. "Poverty, Indigence and Public Investment in Bolivia: A Simulation Analysis," Documentos de trabajo 5/2011, Instituto de Investigaciones Socio-Económicas (IISEC), Universidad Católica Boliviana.
    3. Jemio M., Luis Carlos & Wiebelt, Manfred, 2002. "Macroeconomic impacts of external shocks and anti-shock policies in Bolivia: a CGE analysis," Kiel Working Papers 1100, Kiel Institute for the World Economy (IfW Kiel).

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    More about this item

    Keywords

    Macroeconomic adjustment; Social Accounting Matrix; Bolivia;
    All these keywords.

    JEL classification:

    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean
    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes

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