Bolivia : : The Hydrocarbons Boom and the Risk of Dutch Disease / / Eugenio Cerutti, Mario Mansilla
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| Autore: |
Cerutti Eugenio
|
| Titolo: |
Bolivia : : The Hydrocarbons Boom and the Risk of Dutch Disease / / Eugenio Cerutti, Mario Mansilla
|
| Pubblicazione: | Washington, D.C. : , : International Monetary Fund, , 2008 |
| Descrizione fisica: | 1 online resource (22 p.) |
| Disciplina: | 628.161 |
| Soggetto topico: | Hydrocarbons - Economic aspects - Bolivia |
| Foreign exchange rates - Bolivia | |
| Exports and Imports | |
| Foreign Exchange | |
| Economic Theory | |
| Industries: Energy | |
| Trade: General | |
| Hydrocarbon Resources | |
| Resource Booms | |
| Currency | |
| Foreign exchange | |
| International economics | |
| Petroleum, oil & gas industries | |
| Economic theory & philosophy | |
| Real exchange rates | |
| Exports | |
| Natural gas sector | |
| Dutch disease | |
| Real effective exchange rates | |
| Gas industry | |
| Economic forecasting | |
| Soggetto geografico: | Bolivia Economic conditions |
| Bolivia | |
| Altri autori: |
MansillaMario
|
| 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 1990s, 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 from its higher gas exports, especially in terms of lower external vulnerability and improved fiscal stance, the new resources could also limit the development of other economic sectors in terms of output and factor income. This paper explores the transmission channels of Dutch disease, as well as its main symptom, the appreciation of the real exchange rate. |
| Titolo autorizzato: | Bolivia |
| ISBN: | 1-4623-0232-7 |
| 1-4527-7128-6 | |
| 9786612841057 | |
| 1-282-84105-X | |
| 1-4518-7012-4 | |
| Formato: | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione: | Inglese |
| Record Nr.: | 9910788320303321 |
| Lo trovi qui: | Univ. Federico II |
| Opac: | Controlla la disponibilità qui |
Serie:
IMF Working Papers; Working Paper ; ; No. 2008/154