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What should researchers do when confronted with surprising results? Financial access innovations usually leave "temptation" spending unaffected or reduced. However, we found that promotion of savings lockboxes in a largely autarkic society increased alcohol consumption and blood pressure,...
Persistent link: https://www.econbiz.de/10012794594
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 … describes the novel arrangements that Bolivia has negotiated in order to escape the severe overhang of external debt. In the …
Persistent link: https://www.econbiz.de/10012476997
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/10012479478
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/10012462657
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/10012475328
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/10012476427
borrowing and renegotiation experience of five Latin borrowers (Argentina, Bolivia, Chile, Colombia, and Peru). Another goal is …
Persistent link: https://www.econbiz.de/10012476436
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/10012456256
This paper demonstrates how three important results in environmental economics, true under mild conditions in closed economies, are false or need serious amendment in a world with international trade in goods. Since the three results we highlight have framed much of the ongoing discussion and...
Persistent link: https://www.econbiz.de/10012471110
Climate modelers have recognized the possibility of abrupt climate changes caused by a reorganization of the North Atlantic's current pattern (technically known as a thermohaline circulation collapse). This circulation system now warms north-western Europe and transports carbon dioxide to the...
Persistent link: https://www.econbiz.de/10012471300