Efectiveness Analysis of the Bolivian Economic Model (2006-2019)
DOI:
https://doi.org/10.35319/lajed.202033415Keywords:
Bolivian economic model, synthetic control, production level, exportations, economic diversification, per capita income, human development, environmentAbstract
This paper analyzes the effectiveness of the Bolivian economic model which was adopted in 2006 and was valid for almost 15 years. For that purpose, the effect of this paradigm was evaluated on six Bolivian indicators: production level, exportations, economic diversification, per capita income, human development and environment. Following the methodology of synthetic control, a “synthetic Bolivia” was built based on 100 countries in the period 1991- 2017. It was found that the economic model had very modest effects on production level and per capita income, almost null effects on human development and negative effects on economic diversification, exportations and environment. Therefore, the ineffectiveness of the Bolivian economic model was demonstrated, the improvements in the indicators were caused by a favorable extern situation, mainly.
Downloads
References
Abadie, A; Diamond, A. y Hainmueller, J. (2015). Comparative Politics and the Synthetic Control Method. American Journal of Political Science, 59 (2), 495-510.
Abadie, A. y Gardeazabal, J. (2003). fte economic costs of conflict: A case study of the Basque Country American. The American Economic Review, 93 (1), 113-132.
Arce, L. (2016). El modelo económico social comunitario productivo boliviano. La Paz, Bolivia: SOIPA Ltda.
Arévalo, G. (2016). Economía y política del modelo boliviano 2006-2014: Evaluación preliminar, CENES, 35 (61), 147-174.
Chumacero, R. (2019). Skills vs. Luck: Bolivia and its Recent Bonanza. Latin American Economic Review, 28 (7), https://doi.org/10.1186/s40503-019-0069-1
