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Bolivia : : The Hydrocarbons Boom and the Risk of Dutch Disease / / Eugenio Cerutti, Mario Mansilla



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Autore: Cerutti Eugenio Visualizza persona
Titolo: Bolivia : : The Hydrocarbons Boom and the Risk of Dutch Disease / / Eugenio Cerutti, Mario Mansilla Visualizza cluster
Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2008
Edizione: 1st ed.
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  Visualizza cluster
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.: 9910812460903321
Lo trovi qui: Univ. Federico II
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Serie: IMF Working Papers; Working Paper ; ; No. 2008/154