The Elasticity of Substitution in Demand for Non-Tradable Goods in Bolivia.

dc.contributor.authorBarja Daza, Gover
dc.contributor.authorMonterrey Arce, Javier
dc.contributor.authorVillarroel Böhrt, Sergio
dc.date.accessioned2020-04-04T22:40:51Z
dc.date.available2020-04-04T22:40:51Z
dc.date.issued2005-02
dc.description.abstractThis 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 nontradable to tradable consumption ratio and the non-tradable to tradable price ratio, suggesting inelasticity of substitution.es_ES
dc.identifier.urihttps://repositorio.ucb.edu.bo/handle/20.500.12771/219
dc.language.isoenes_ES
dc.publisherUniversidad Católica Boliviana "San Pablo"- VLIRUOS. Escuela de la Producción y Competitividad.es_ES
dc.subjectCommercial products.es_ES
dc.subjectSubstitutiones_ES
dc.subjectSubstitution products.es_ES
dc.subjectEconomics.es_ES
dc.titleThe Elasticity of Substitution in Demand for Non-Tradable Goods in Bolivia.es_ES
dc.typeWorking Paperes_ES

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