Skills versus luck: Bolivia and its recent bonanza

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.

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Year of publication:	2019
Authors:	Chumacero, Rómulo A.
Published in:	Latin American Economic Review. - Heidelberg : Springer, ISSN 2196-436X. - Vol. 28.2019, 1, p. 1-27
Publisher:	Heidelberg : Springer
Subject:	Bolivia \| Synthetic control \| Panel data \| DSGE

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Type of publication:	Article
Type of publication (narrower categories):	Article
Language:	English
Other identifiers:	10.1186/s40503-019-0069-1 [DOI] 1726534456 [GVK] hdl:10419/259438 [Handle]
Classification:	C32 - Time-Series Models ; C33 - Models with Panel Data ; C53 - Forecasting and Other Model Applications ; E65 - Studies of Particular Policy Episodes
Source:	EconStor

Persistent link: https://www.econbiz.de/10013205113