Research Network Working Paper, 488. The elasticity of substitution in demand for non-tradable goods in Bolivia / Gover Barja Daza 

Público ISBD Título de serie: Research Network Working Paper, 488 Título : The elasticity of substitution in demand for non-tradable goods in Bolivia Tipo de documento: texto impreso Autores: Gover Barja Daza ; Javier Monterrey Arce ; Sergio Villarroel Böhrt Editorial: Washington : Banco Interamericano de Desarrollo Fecha de publicación: 2005 Número de páginas: 38 p Idioma : Inglés Temas: BANCO INTERAMERICANO DE DESARROLLO BIENES BOLIVIA DEMANDA ELASTICIDAD PRODUCTOS Clasificación: 338.9 Resumen: This paper uses a CES function to estimate the constant elasticity of substitution in consumption for non-tradables relative to tradables in a dependent economy framework. The methodology for generating data on real consumption of tradable and non-tradable goods, real prices of tradable and non-tradable goods and real absorption is based on the Bolivian Input-Output Matrix, producing quarterly data for the period 1990.1 to 2002.4. The data identify Bolivia as a country highly open to trade, with an average ratio of 55 percent in the value of exports and imports relative to GDP, non-tradable production accounting for 52 percent of GDP, and differences in the behavior of the internal and external real exchange rates. The HEGY test is used to identify and separate out seasonal unit roots in the data. A cointegration relationship was found between real absorption, the non-tradable to tradable consumption ratio and the non-tradable to tradable price ratio, suggesting inelasticity of substitution. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=477024 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=72936 Research Network Working Paper, 488. The elasticity of substitution in demand for non-tradable goods in Bolivia [texto impreso] / Gover Barja Daza ; Javier Monterrey Arce ; Sergio Villarroel Böhrt . - Washington : Banco Interamericano de Desarrollo, 2005 . - 38 p. Idioma : Inglés Temas: BANCO INTERAMERICANO DE DESARROLLO BIENES BOLIVIA DEMANDA ELASTICIDAD PRODUCTOS Clasificación: 338.9 Resumen: This paper uses a CES function to estimate the constant elasticity of substitution in consumption for non-tradables relative to tradables in a dependent economy framework. The methodology for generating data on real consumption of tradable and non-tradable goods, real prices of tradable and non-tradable goods and real absorption is based on the Bolivian Input-Output Matrix, producing quarterly data for the period 1990.1 to 2002.4. The data identify Bolivia as a country highly open to trade, with an average ratio of 55 percent in the value of exports and imports relative to GDP, non-tradable production accounting for 52 percent of GDP, and differences in the behavior of the internal and external real exchange rates. The HEGY test is used to identify and separate out seasonal unit roots in the data. A cointegration relationship was found between real absorption, the non-tradable to tradable consumption ratio and the non-tradable to tradable price ratio, suggesting inelasticity of substitution. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=477024 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=72936

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Inventario	Ubicación en el estante	Tipo de medio	Sección	Ubicación	Estado
038360	338.9 RES v.488	Libro	Colección	Biblioteca Central	Disponible

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