Financialization, Institutional Reform, and Structural Change in the Bolivian Boom (2006-2014)
Bibliographic Data
| ID | 4500976 |
|---|---|
| Authors | Alfredo Macías Vázquez (0000-0002-2684-2666), Jorge Garcia-Arias (0000-0001-9007-7324) |
| Year | 2019 |
| Volume | 46 |
| Issue | 2 |
| Pages | 47-64 |
| Publication date | 2019-03-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Latin American Perspectives (JOURNAL) |
| Journal identifiers | ISSN: 0094-582X • E-ISSN: 1552-678X |
| Publisher | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1177/0094582x18813566 |
| OpenAlex | W2901199686 |
| Language | EN |
| Citations received | 6 |
| References cited | 20 |
Since nationalizing its hydrocarbon industry, Bolivia has articulated an ambitious strategy to promote structural change in its economy. Despite positive trends in macroeconomic indicators, the increase in fiscal revenues derived from the export of raw materials has not translated into structural transformation. Although the Bolivian government has broken with classical extractivism, nationalization and state intervention have not been sufficient to produce changes. The institutional control imposed on hydrocarbon revenue by financialization inhibits structural change and threatens the long-term sustainability of recent improvements in social indicators. Después de nacionalizar su industria de hidrocarburos, Bolivia ha articulado una estrategia ambiciosa para promover el cambio estructural en su economía. A pesar de las tendencias positivas en los indicadores macroeconómicos, el aumento en los ingresos fiscales derivados de la exportación de materias primas no se ha traducido en una transformación estructural. Aunque el gobierno boliviano ha roto con el extractivismo clásico, la nacionalización y la intervención estatal no han sido suficientes para producir cambios. El control institucional impuesto a los ingresos de hidrocarburos por la financiarización inhibe el cambio estructural y amenaza la sostenibilidad a largo plazo de las mejoras recientes en los indicadores sociales
Boom · Economics · Economy · Financialization · Political science · Revenue · Welfare economics · Economic Theory and Policy · Finance · Housing, Finance, and Neoliberalism · Natural Resources and Economic Development
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| Unique citing works | 6 |
|---|---|
| Citations per year | 1 |
| Citation span | 2020 - 2024 (5) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 6 |