Bolivia in the context of international economic crisis
DOI:
https://doi.org/10.35319/lajed.201013156Keywords:
External Shock, Economic Crisis, Computable general Equilibrium ModelsAbstract
The current research has the aim to identify and evaluate the impacts of external shocks related to the new economic context of world-wide deceleration in the Bolivian economy. It is assumed for this scenario that Bolivia would face a reduction in the export prices, a reduction in the level of foreign direct investment, a fall in the remittances and a decline in the government expenditure. In order to evaluate these effects in the short and medium term, we use a dynamic General Equilibrium Computable Model (CGE), in a horizon of ten years. The exercise was realized on the basis of the following experiments: i) an adverse shock in terms of trade, ii) a negative shock in the level of government spending, iii) a negative shock in the level of remittances and direct foreign investment (DFI)
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