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Geographical
Constraints to Growth in Bolivia
Lykke E. Andersen & Osvaldo Nina
March
2007
This paper seeks to test to which extent
geographical constraints can be blamed for Bolivia’s poor growth
performance during the last three decades. Although geographical
characteristics are too stable to explain the dramatic
fluctuations in growth rates over time in Bolivia, there are at
least four factors that contribute to changing the importance of
those characteristics over time: 1) internal migration, 2)
infrastructure investments, 3) change in export partners, and 4)
change in export products. The results show that Bolivia is
indeed adjusting in all 4 dimensions in order to reduce the
importance of geographical constraints, but not nearly fast
enough.
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