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Dutch disease and the labor market in Bolivia

Samuel Alarcon Gambarte (), Rolando Morales and Rodrigo Gonzales

MPRA Paper from University Library of Munich, Germany

Abstract: In the last 10 years, Latin America and especially Bolivia has experienced a period of unprecedented boom induced by substantial revenues on the external front, due to the rise in the prices of exports, remittances and capital flows. This paper argues that Bolivia went through Dutch disease between 2003 and 2014 with an etiology somewhat different to the classic one, and studies its link to the labor market. In the middle of 2014 began a slow decline in the price of minerals and, in 2015, the oil price collapsed violently, interrupting the course of Dutch disease and inaugurating a new period of crisis. This paper explains the underlying mechanisms in both stages and an econometric model is presented to lend consistency to the explanations.

Keywords: Dutch Disease; Balance of Payments; Economic Growth; Labor Market. (search for similar items in EconPapers)
JEL-codes: E2 E3 E4 F40 (search for similar items in EconPapers)
Date: 2016-05
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