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What is Oil Prices and Economic Growth in Bolivia about?

This paper examines the relationship between international oil prices, fiscal policy, and economic growth in Bolivia using monthly data from July 2005 to May 2015. The authors estimate a fiscal policy equation linking public spending to oil price shocks, finding that increases in public spending are less than proportional to increases in oil revenues, indicating countercyclical fiscal policy. The paper also specifies a function to analyze how economic growth responds to oil prices and expenditures, both ind

Author

chaly21

Language

EN