Domestic Demand as Engine of the Economic Growth in Bolivia

Osmar Bolivar Rosales () and Darwin Ugarte ()
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Darwin Ugarte: Ministerio de Economía y Finanzas Públicas

Cuadernos de Investigación Económica Boliviana, 2015, vol. 1, issue 1, 1-27

Abstract: During recent years, the Bolivian economy has exhibited a great performance, which in the structure of the current economic model, it is underpinned by domestic demand and the active participation of the State in the economy. This research presents empirical evidence that corroborate these assertions. Moreover, it disaggregates the specific impacts of private domestic demand, public domestic demand and external demand on growth. The document also displays evidence on the relationship of complementarity between public domestic demand and private domestic demand (crowding-in). For these purposes, an Structural VAR is estimated which interrelates the product, the private domestic demand, public domestic demand and external demand, based on identification conditions in line with the reality of the Bolivian economy.

Keywords: Growth; Private Domestic Demand; Public Domestic Demand; External Demand (search for similar items in EconPapers)
JEL-codes: C50 E12 O40 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:efp:journl:v:1:y:2015:i:1:p:1-27

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