Biblioteca Digital de VanguardiaReallocation of Resources within the National Productive System in Bolivia A View from the Perspective of Tradable and Non-Tradable Goods
This paper explores Bolivia's current unemployment situation taking into account the reallocation of resources within the aggregate supply. The origin of this internal imbalance is due to negative impacts of external real exchange rate (RER) shocks, as well as to changes in the destination of f...
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| Formato: | artículo científico |
| Lenguaje: | Inglés |
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Centro de Investigación y Docencia Económicas, A.C.
2007
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| Acceso en línea: | http://www.redalyc.org/articulo.oa?id=32316104 http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/82881 |
| _version_ | 1782338640345563136 |
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| author | Sergio G. Villarroel Böhrt |
| author_facet | Sergio G. Villarroel Böhrt |
| author_sort | Sergio G. Villarroel Böhrt |
| collection | Repositorio |
| description | This paper explores Bolivia's current unemployment situation taking into account the reallocation of resources within the aggregate supply. The origin of this internal imbalance is due to negative impacts of external real exchange rate (RER) shocks, as well as to changes in the destination of foreign direct investment (FDI) among different sectors of the economy. The model used to explain the imbalance is based on the Dependent Economy theoretical framework, in which production in a small open economy is disaggregated into tradable and non-tradable goods. Under this production scheme, any RER movement in terms of appreciation or depreciation produces a displacement of resources, either along the production possibilities frontier or through the unemployment zone. After demonstrating that the RER suffered an important appreciation in 1997, a model of the aggregate-supply function is constructed considering two variable outputs (tradable and non-tradable goods) and two variable inputs (capital and labor), suggesting in the end the existence of a slow restructuring process at the expense of unemployment of the labor force. |
| format | artículo científico |
| id | clacso-CLACSO82881 |
| institution | CLACSO, Repositorio Digital |
| language | Inglés |
| publishDate | 2007 |
| publisher | Centro de Investigación y Docencia Económicas, A.C. |
| record_format | greenstone |
| spelling | clacso-CLACSO828812022-03-22T16:07:44Z Reallocation of Resources within the National Productive System in Bolivia A View from the Perspective of Tradable and Non-Tradable Goods Sergio G. Villarroel Böhrt Economía y Finanzas Inter-sector labor mobility Internal balance Tradable-Nontradable (TNT) model This paper explores Bolivia's current unemployment situation taking into account the reallocation of resources within the aggregate supply. The origin of this internal imbalance is due to negative impacts of external real exchange rate (RER) shocks, as well as to changes in the destination of foreign direct investment (FDI) among different sectors of the economy. The model used to explain the imbalance is based on the Dependent Economy theoretical framework, in which production in a small open economy is disaggregated into tradable and non-tradable goods. Under this production scheme, any RER movement in terms of appreciation or depreciation produces a displacement of resources, either along the production possibilities frontier or through the unemployment zone. After demonstrating that the RER suffered an important appreciation in 1997, a model of the aggregate-supply function is constructed considering two variable outputs (tradable and non-tradable goods) and two variable inputs (capital and labor), suggesting in the end the existence of a slow restructuring process at the expense of unemployment of the labor force. 2007 2022-03-22T16:07:44Z 2022-03-22T16:07:44Z artículo científico http://www.redalyc.org/articulo.oa?id=32316104 http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/82881 en http://www.redalyc.org/revista.oa?id=323 Economía Mexicana. Nueva Época application/pdf Centro de Investigación y Docencia Económicas, A.C. Economía Mexicana. Nueva Época (México) Num.1 Vol.XVI |
| spellingShingle | Economía y Finanzas Inter-sector labor mobility Internal balance Tradable-Nontradable (TNT) model Sergio G. Villarroel Böhrt Reallocation of Resources within the National Productive System in Bolivia A View from the Perspective of Tradable and Non-Tradable Goods |
| title | Reallocation of Resources within the National Productive System in Bolivia A View from the Perspective of Tradable and Non-Tradable Goods |
| title_full | Reallocation of Resources within the National Productive System in Bolivia A View from the Perspective of Tradable and Non-Tradable Goods |
| title_fullStr | Reallocation of Resources within the National Productive System in Bolivia A View from the Perspective of Tradable and Non-Tradable Goods |
| title_full_unstemmed | Reallocation of Resources within the National Productive System in Bolivia A View from the Perspective of Tradable and Non-Tradable Goods |
| title_short | Reallocation of Resources within the National Productive System in Bolivia A View from the Perspective of Tradable and Non-Tradable Goods |
| title_sort | reallocation of resources within the national productive system in bolivia a view from the perspective of tradable and non-tradable goods |
| topic | Economía y Finanzas Inter-sector labor mobility Internal balance Tradable-Nontradable (TNT) model |
| url | http://www.redalyc.org/articulo.oa?id=32316104 http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/82881 |