El rol de la inversión pública: El caso de Bolivia

Arbeitspapier

Since 2006, Bolivia began an intensive public investment program under its development plan. Fourteen years later, I analyze the role of this expansionary fiscal policy. In this regard, I develop a Dynamic Stochastic General Equilibrium Model for a small, open and developing country. Among the main results, I highlight that public investment has two roles in the Bolivian economy: positive externality and opportunity cost. First, an increase in public investment generates a positive externality allowing higher levels of economic growth as well as turns into a mechanism to cushion the negative effects of export price shocks. Second, the intensive use of resources for public investment has a crowding out effect on private investment, and deteriorates the public finances in the medium term with the increase of both public debt and fiscal deficit.

Angaben zum Objekt

• Sprache: Spanisch

Verweise und Beziehungen

• Erschienen in: Series: Development Research Working Paper Series ; No. 06/2020

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Fiscal Policy ; Business Fluctuations; Cycles
• Thema: Public investment ; fiscal policy ; business cycles ; DSGE

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Alarcón Gambarte, Samuel
• Ereignis: Veröffentlichung
• (wer): Institute for Advanced Development Studies (INESAD)
• (wo): La Paz
• (wann): 2020

Weitere Informationen

• Handle: http://hdl.handle.net/10419/251319
• Letzte Aktualisierung: 10.03.2025, 11:44 MEZ