Work in Progress

Sustainable Development, Fiscal Policy and Natural Resources Managment. Bolivia, Chile and Peru in the Nordic countries’ mirror . Financed by the Swedish Research Council (3 years).

I am the co-lead researcher of the project comprised by historians, economists and economic historians from Bolivia, Chile, Norway, Peru, Sweden and Spain. The aim of the project is to identify and compare the development and performance of natural resource policy in selected Latin American countries (Bolivia, Chile and Peru) that are particularly rich in similar endowments of mineral resources and have a history of comparable conflicts with the development in the Nordic countries (Finland, Norway and Sweden). The project addresses the historical development of the countries’ natural resources policy and seeks to identify lessons learned and success stories that are relevant to current policy in low and middle income countries with significant reserves of natural resources. The core of the project outlines three dimensions: i) Genuine savings; ii) economic links between natural resources and the rest of the economy, providing particular attention to the accumulation of knowledge; and iii) fiscal indicators measuring the dependence on natural resources.

More information on:

Knowledge, Learning and Technology. The Bolivian mining industry in a comprative perspective. Financed by Universidad Católica Boliviana “San Pablo” (1 year).

The term ”Natural Resource curse” is used frequently to explain the poor growth performance of resource rich countries during the second half of the 20th century. However, historical evidence shows that some countries escaped from Natural Resource curse and achieved success in Natural Resource management. Therefore, the unexpected negative economic effect of natural resources exploitation is basically determined by the countries’ ability to take off from NNRR-dependent activities. This ability must be seen as a collective learning process (Allen, 2009, Introduction) where the participation of governments, corporations and educational centers is critical (Wright, 2015). This project wants to take part of this debate by analyzing how the accumulation of knowledge took place in the Bolivian mining sector and how this knowledge has been transformed into technical learning and technical innovations. The project aims to exploit different primary sources in order to reconstruct those indicators that have been proposed by Ranstad (2016), who carried out the same analysis for the Chilean and Norwegian mining sectors. Thus, the project seeks to compare the Bolivian experience with other resource rich countries.

The Fiscal and Monetary History of Bolivia, 1960-2015. Financed by the Becker-Friedman Institute, University of Chicago.

This project takes part of a broader initiative which seeks to analyze the fiscal and monetary policies of eleven Latin American countries: Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Mexico, Paraguay, Peru, Uruguay and Venezuela. The Bolivian case was initially studied by Timothy Kehoe and Carlos Gustavo Machicado, whom invited me to join the project. The analysis identifies the causes and effects of fiscal instability in Bolivia (a country that suffered one of the worst hyperinflation processes in world economic history), and aims to evaluate the fiscal sustainability of present-day fiscal policies.

More information on: