1.

Record Nr.

UNINA9910463692103321

Autore

Cerutti Eugenio

Titolo

Bolivia : the hydrocarbons boom and the risk of Dutch disease / / Eugenio Cerutti and Mario Mansilla ; authorized for distribution by Antônio Furtado

Pubbl/distr/stampa

[Washington, District of Columbia] : , : International Monetary Fund, , 2008

©2008

ISBN

1-4623-0232-7

1-4527-7128-6

9786612841057

1-282-84105-X

1-4518-7012-4

Descrizione fisica

1 online resource (22 p.)

Collana

IMF Working Papers

IMF working paper ; ; WP/08/154

Altri autori (Persone)

MansillaMario

FurtadoAntonio

Disciplina

628.161

Soggetti

Hydrocarbons - Economic aspects - Bolivia

Foreign exchange rates - Bolivia

Electronic books.

Bolivia Economic conditions

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Contents; I. Introduction; II. Key Developments in the Hydrocarbons Sector; Figures; 1. Foreign Direct Investment by Sectors; 2. Natural Gas Reserves; A. Looming Capacity Constraints and Prospects for Additional Investments; 3. Natural Gas Sales Volume; B. Recent Institutional Changes and Possible Impact on Investment; III. Hydrocarbons Boom and Risk of Dutch Disease; A. Evolution of the real exchange rate; 4. Distribution of Gas Exports Receipts and Fiscal Balances; 5. Real and Nominal Exchange Rate; 6. Inflation and Relative Prices; IV. Policy Implications

7. External Sector Performance and Growth Appendix: Equilibrium Real Exchange Rate; References



Sommario/riassunto

The hydrocarbons sector has become one of the most dynamic economic activities in the Bolivian economy and the main driver of improved export performance and international reserve accumulation. The central role of the hydrocarbons sector in the economy is attributable to the high levels of investment made in the late 1990's, which permitted much higher production levels, particularly of natural gas. However those positive developments in the hydrocarbons sector have given rise to the possibility of a new case of ""Dutch disease."" While Bolivia's economy has already seen many benefits