Arbeitspapier
Effects of the Global Financial and Economic Crisis on the Bolivian economy: A CGE approach
This paper analyses the impact of the Global Financial Crisis on the Bolivian economy. The PEP 1-1 Standard Model has been employed to analyze the effects of a reduction in (i) the world export prices of mining and agriculture, (ii) the world demand of textiles, and (iii) transfers to households (i.e., remittances) from abroad. The model has been calibrated to a new 2006 SAM for Bolivia. The households have been disaggregated according to their location (urban and rural) and ethnicity (indigenous and non-indigenous). The factors of production have been disaggregated into skilled and unskilled labor, capital, and natural resources. Not surprisingly, our results highlight the relevance of the decrease in the export price of natural gas in explaining the negative effects of the Global Financial Crisis.
- Sprache
-
Englisch
- Erschienen in
-
Series: Development Research Working Paper Series ; No. 10/2010
- Klassifikation
-
Wirtschaft
Computable General Equilibrium Models
Financial Crises
General Aggregative Models: Forecasting and Simulation: Models and Applications
- Thema
-
Computable General Equilibrium Model
Financial Crisis
Forecasting and Simulation
Finanzmarktkrise
Makroökonomischer Einfluss
CGE-Modelling
Allgemeines Gleichgewicht
Social Accounting Matrix
Bolivien
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Cicowiez, Martin
Machicado, Carlos Gustavo
- Ereignis
-
Veröffentlichung
- (wer)
-
Institute for Advanced Development Studies (INESAD)
- (wo)
-
La Paz
- (wann)
-
2010
- Handle
- Letzte Aktualisierung
- 10.03.2025, 11:44 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Cicowiez, Martin
- Machicado, Carlos Gustavo
- Institute for Advanced Development Studies (INESAD)
Entstanden
- 2010
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