Reallocation 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 foreig...

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Autor principal: Sergio G. Villarroel Böhrt
Formato: Artículo científico
Publicado: 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.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=mx/mx-010&d=32316104oai
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id I16-R122-32316104oai
record_format dspace
institution Consejo Latinoamericano de Ciencias Sociales
institution_str I-16
repository_str R-122
collection Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO)
topic Economía y Finanzas
Inter-sector labor mobility
Internal balance
Tradable-Nontradable (TNT) model
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
topic_facet Economía y Finanzas
Inter-sector labor mobility
Internal balance
Tradable-Nontradable (TNT) model
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
Artículo científico
author Sergio G. Villarroel Böhrt
author_facet Sergio G. Villarroel Böhrt
author_sort Sergio G. Villarroel Böhrt
title 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_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_sort reallocation of resources within the national productive system in bolivia a view from the perspective of tradable and non-tradable goods
publisher Centro de Investigación y Docencia Económicas, A.C.
publishDate 2007
url http://www.redalyc.org/articulo.oa?id=32316104
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=mx/mx-010&d=32316104oai
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