02042cas a2200253 a 4500 AALejournalIMF005140 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451870121 1018-5941 BD-DhAAL BD-DhAAL Cerutti, Eugenio. Bolivia : The Hydrocarbons Boom and the Risk of Dutch Disease / Eugenio Cerutti, Mario Mansilla. Washington, D.C. : International Monetary Fund, 2008. 1 online resource (20 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The hydrocarbons sector has become one of the most dynamic economic activities in the Bolivian economy and the main driver of improved export performance and international reserve accumulation. The central role of the hydrocarbons sector in the economy is attributable to the high levels of investment made in the late 1990s, which permitted much higher production levels, particularly of natural gas. However those positive developments in the hydrocarbons sector have given rise to the possibility of a new case of "Dutch disease." While Bolivia's economy has already seen many benefits from its higher gas exports, especially in terms of lower external vulnerability and improved fiscal stance, the new resources could also limit the development of other economic sectors in terms of output and factor income. This paper explores the transmission channels of Dutch disease, as well as its main symptom, the appreciation of the real exchange rate. Mode of access: Internet Mansilla, Mario. IMF Working Papers; Working Paper ; No. 2008/154 Full text available on IMF http://elibrary.imf.org/view/journals/001/2008/154/001.2008.issue-154-en.xml IMF e-Library