Institutional changes and cyclical transition in the fiscal stance for Bolivia (2003-2011)

In this paper the efficiency of fiscal role was evaluated in relation to institutional changes resulting from nationalization of hydrocarbons and cyclical transition changes in the fiscal stance for the Bolivian case, based on quarterly information: 2003-2011. The degree of sustainable fiscal stance...

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Bibliographic Details
Published inRevista Latinoamericana de Desarrollo Económico Vol. 23; pp. 67 - 95
Main Authors Rivero, Roger Alejandro Banegas, Vergara, Reyna Gonzalez
Format Journal Article
LanguageSpanish
Published 01.05.2015
Subjects
Bolivia
Fiscal theory
Institutionalization
Nationalization
Sustainability
Sustainable development
Time series
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Summary:In this paper the efficiency of fiscal role was evaluated in relation to institutional changes resulting from nationalization of hydrocarbons and cyclical transition changes in the fiscal stance for the Bolivian case, based on quarterly information: 2003-2011. The degree of sustainable fiscal stance (with and without oil) was a conclusive element to determine the efficiency of fiscal role, and in this case, a deficient result for the Bolivian case was founded by using filters for economic time series, cyclically adjusted fiscal balance (CAB) and the indicator of fiscal sustainability (IFS) developed by Croce and Hugo (2003). //ABSTRACT IN SPANISH: En este documento se evaluó la eficiencia del rol fiscal relacionado con cambios institucionales derivados de la nacionalización de los hidrocarburos y la transición de los cambios cíclicos en la posición fiscal de Bolivia, con base en información trimestral: 2003-2011. El grado de posición fiscal sostenible (con y sin petróleo) fue un elemento concluyente para determinar la eficiencia del rol fiscal, cuyo resultado fue deficiente para el caso de Bolivia. Se emplearon filtros para series económicas, la metodología de balance fiscal cíclicamente ajustado (BCA) y el indicador de posición fiscal sostenible (PFS) de Croce y Hugo (2003).
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ISSN:2074-4706