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Natural-resource taxation and investment exhibit cycles in a vast number of countries, driving political turmoil and power shifts. Using a rational-expectations model, we show cycles result from governments' inability to commit to future taxes and firms' inability to credibly exit a country...
Persistent link: https://www.econbiz.de/10012986681
After the economic reforms that followed the National Revolution of the 1950s, Bolivia seemed positioned for sustained … and a fixed exchange rate policy during the 1970s led to a debt crisis that began in 1977. From 1977 to 1986, Bolivia lost … almost all the gains in GDP per capita that it had achieved since 1960. In 1986, Bolivia started to grow again, interrupted …
Persistent link: https://www.econbiz.de/10012892582
By any standard, Bolivia's economic crisis in the 1980's has been extraordinary. Like its neighbors. Bolivia suffered … during 1984-85) suggests that internal factors as well as external shocks have been critical to Bolivia's poor economic … performance. One major theme of our work is that the recent economic crisis in Bolivia is a reflection of political and economic …
Persistent link: https://www.econbiz.de/10012760204
borrowing and renegotiation experience of five Latin borrowers (Argentina, Bolivia, Chile, Colombia, and Peru). Another goal is …
Persistent link: https://www.econbiz.de/10013239970
introduction of its auction, the Bolsin, not only did the parallel market premium for dollars all but disappear in Bolivia, but the …
Persistent link: https://www.econbiz.de/10013145405
of macroeconomic policymaking in Bolivia since the 1952 Revolution. Great stress is put on the weakness of fiscal … characteristics of Bolivia's international trade, focusing both on structural features (e.g., the heavy dependence on a small number … dynamics of the hyperinflation during 1982-85, focusing on the complex causal links among the budget deficit, the money supply …
Persistent link: https://www.econbiz.de/10013244386
The returns to schooling and the skill premium are key parameters in various fields and policy debates, including the literatures on globalization and inequality, international migration, and technological change. This paper explores the skill premium and its correlation with exports in Latin...
Persistent link: https://www.econbiz.de/10013143455
We develop a consistent and comprehensive theoretical framework for assessing whether economic growth is compatible with sustaining well-being over time. The framework focuses on whether a comprehensive measure of wealth - one that accounts for natural capital and human capital as well as...
Persistent link: https://www.econbiz.de/10013135234
In 2004, the Chávez regime in Venezuela distributed the list of several million voters whom had attempted to remove him from office throughout the government bureaucracy, allegedly to identify and punish these voters. We match the list of petition signers distributed by the government to...
Persistent link: https://www.econbiz.de/10013160337
This paper investigates the effects of state censorship of opposition media using evidence from the closing of RCTV, a popular opposition television channel in Venezuela. The government did not renew RCTV's license, and the channel was replaced overnight, during May 2007, by a pro-government...
Persistent link: https://www.econbiz.de/10012836019