Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/213505 
Year of Publication: 
2018
Series/Report no.: 
Development Research Working Paper Series No. 04/2018
Publisher: 
Institute for Advanced Development Studies (INESAD), La Paz
Abstract (Translated): 
Between 2006 and 2014, Bolivia experimented an economic boom period driven mainly by high international prices of commodities. Paradoxically, in the same period, social demands increased and concerns related to the high levels of corruption in public administration did not ease, thus suggesting an intensification of a socially undesired behaviour called rent-seeking. This research proposes a general equilibrium modelwhich incorporates a rent-seeking technology whose effects are magnified due to a high dependence on revenues generated from the natural resources sale, aiming to investigate the impact of increasing rent-seeking activities in the economy. The model finds evidence of important loses generated by rent-seeking in Bolivia, not only in terms of output growth but also in terms of welfare.
Subjects: 
rent-seeking
natural resources
general equilibrium
JEL: 
H0
O4
F0
Document Type: 
Working Paper

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