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...

The present document analyzes the energy substitution elasticities in the short and long term in Bolivia. The inputs accounted are electricity, hydrocarbons and biomass. In order to measure and identify the direction of the elasticities we use a Transcendental Logarithmic Production Function,...