La inversión extranjera directa en el sector hidrocarburífero boliviano: comparación entre marcos regulatorios (1996-2009)/Foreign Direct Investment in Bolivian Hydrocarbons Sector: Comparison between Regulatory Frameworks (1996-2009)

This paper lies within the discussion on which regulatory framework would be the best to guarantee a real positive contribution from the foreign direct investment (FDI). A comparison between the effects of the different regulatory frameworks applied in Bolivian hydrocarbons sector is presented. With...

Full description

Saved in:
Bibliographic Details
Published in:Revista de economía mundial 2012-01, Vol.30
Main Authors: Molero Simarro, Ricardo, José Paz Antolín, María, Manuel Ramírez Cendrero, Juan
Format: Article
Language:Spanish
Subjects:
Capitalization
Economic models
Economic statistics
Economic theory
Foreign investment
Hydrocarbons
Petroleum industry
Regulation
Studies
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:This paper lies within the discussion on which regulatory framework would be the best to guarantee a real positive contribution from the foreign direct investment (FDI). A comparison between the effects of the different regulatory frameworks applied in Bolivian hydrocarbons sector is presented. With this aim, after presenting the evolution of the regulatory framework during capitalization (1996-2005) and nationalization (2006-2009) periods, six indicators are analysed: FDI, exploration and production investment, production itself, exports, reserves, and tax revenues. The outcomes achieved question the validity of arguments in favour of a lower scal pressure as an incentive to raise investment and the scal collection itself. Moreover the work poses about some of the limitations and challenges that the present framework has to face with. [PUBLICATION ABSTRACT]
ISSN:1576-0162
2340-4264