Carlos Gustavo Machicado Salas July 2013 CONTACT INFORMATION: Institute for Advanced Development Studies (INESAD) Av. Héctor Ormachea # 6115, Obrajes La Paz Bolivia Telephone: 591-2-2146069 cmachicado@inesad.edu.bo PERSONAL INFORMATION: Av. Sanchez Lima # 2054, Edif. Orion, dept. 1901, Sopocachi La Paz Bolivia Telephone: 591-2-2424590, 591-77231809 guccio@hotmail.com Date of Birth: June 5 th 1973 Citizenship: Bolivian STUDIES: Ph.D., Economics 1, University of Chile Santiago (Chile), 2006. Thesis title: Essays on Partially Dollarized Economies Advisors: Rómulo Chumacero and Todd Keister M.Sc., Economics, Pontifical Catholic University - Rio de Janeiro (Brazil), 2000. B.A., Economics, Bolivian Catholic University - La Paz (Bolivia), 1997. B. Humanities, German School Mariscal Braun La Paz (Bolivia), 1991. PROFESSIONAL EXPERIENCE: - Senior researcher, Institute for Advanced Development Studies (INESAD), La Paz Bolivia, 2006-present. - Professor, Department of Economics, Bolivian Private University, La Paz Bolivia, 2006-present. - Invited professor, University of the Valley, La Paz Bolivia, 2012. - Invited professor, Department of Economics, Major University of San Andrés, La Paz Bolivia, 2010. - Professor, Andean University Simon Bolivar, La Paz Bolivia, 2008-2009. - Professor, Department of Economics, Bolivian Catholic University, La Paz Bolivia, 2007-2009. - Professor, Department of Economics, University of Chile, Santiago de Chile, 2005. - Analyst, Unit of Analysis of Social and Economic Policies (UDAPE - Ministry of Finance), La Paz Bolivia, 2000-2003. 1 Doctorado Latinoamericano Universidad de Chile (Chile), ITAM (México) and Universidad Torcuato di Tella (Argentina). 1
- Professor, Department of Economics, Bolivian Catholic University, La Paz Bolivia, 2000 2002. - Research Assistant, Institute of Social and Economic Research (IISEC), Bolivian Catholic University, La Paz Bolivia, 1996-1997. - Teaching Assistant, Department of Economics, Bolivian Catholic University, La Paz Bolivia, 1996 1997 OTHER POSITIONS AND AFFILIATIONS: - Member of the Dynamical Systems Group, Kernel of Scientific Researchers, Central University of Ecuador, 2012-present. - Member of the international editorial committee of the Journal Analítika, National Institute of Statistics, Ecuador, 2012-present. COURSES TAUGHT: Undergraduate: - Bolivian Private University (UPB): Development Economics (fall, 2012 and 2013); Economic Policy (fall, 2007, 2010 and 2011); Monetary Theory and Policy (spring, 2007); Econometrics I and II (spring, 2006). - Bolivian Catholic University (UCB): Macroeconomics II (fall, 2008 and 2009); Monetary Economics (spring 2000, 2001 and 2002). - Major University of San Andrés (UMSA): Economic Analysis II (spring, 2010). - University of Chile (U. Chile): Macroeconomics I (fall and spring, 2005). Graduate: - Bolivian Private University (UPB): Advanced Topics in Macroeconomics (fall, 2012). - University of the Valley (UNIVALLE): Macroeconomics (fall, 2012). - Andean University Simón Bolivar : Macroeconomic Analysis (spring, 2008 and 2009). - Bolivian Catholic University (UCB): Macroeconomics in Developing Countries (fall, 2007). Other courses: - Central Bank of Bolivia (BCB): Dynamic Stochastic General Equilibrium Models (DSGE) (2008 and 2011). - Bolivian Private University (UPB): Mathematical Economics (2007, 2008 and 2009), Diploma in Quantitative Methods for Economic Analysis. - Center AFIN : Fiscal and Monetary Economics (2009), Diploma for Investment Advisors. - Latin American Business Center (CEMLA): Economics (2007), Master in Preparation, Evaluation and Project Management. CHAPTERS IN BOOKS: Effect of the Global Financial and Economic Crisis on the Bolivian Economy: A CGE Approach, in Monitoring and Mitigating the Impact on Poverty of the Global Financial Crisis, PEP-CBMS Network Office and De La Salle University, Philippines, forthcoming 2013 (joint with Martín Cicowiez). 2
Determinantes del Crecimiento Económico Nacional en el Largo Plazo en Factores que Inciden en el Crecimiento y el Desarrollo en Bolivia, Carlos Gustavo Machicado (coordinador), Fundación PIEB y Plural Editores, 2012, La Paz Bolivia. Las Características y la Evolución de la Productividad en Bolivia en Debate sobre Desarrollo e Inserción Internacional, Alfredo Seoane and Elizabeth Jimenez (coordinadores), CIDES-UMSA and OXFAM, 2009, La Paz-Bolivia. Privatization and Firm Performance in Bolivia, in Privatization in Latin America: Myths and Realities, Chong, A. and F. Lopez-De-Silanes (eds.), Stanford University Press, 2005 (joint with Katherina Capra, Alberto Chong, Mauricio Garrón and Francisco López-de-Silanes). PUBLISHED PAPERS: Productivity, Structural Change and Latin American Development (joint with Antonio Saravia and Felix Rioja), Review of Development Economics, forthcoming 2013. Fiscal Policy and Economic Growth: a simulation analysis for Bolivia, (joint with Paul Estrada) Revista Anaíitika, Vol. 4, pp. 53-78. INEC-Ecuador, (2012). Misallocation and Manufacturing TFP in Bolivia during the Market Liberalization Period (joint with Juan Cristobal Birbuet), The B.E. Journal of Macroeconomics, Vol.12: Iss.1 (Topics), Article 18 (2012). Macroeconomic and Welfare Effects of Public Infrastructure in Five Latin American Countries, Revista Perspectivas, Vol. 6, No.1, pp. 9-30, (June 2008), CAF. Liquidity shocks and the dollarization of a banking system, Journal of Macroeconomics, Vol. 30(1), pp. 369-381 (March 2008). WORKING PAPERS: Employment and Labor Regulation: Evidence from Manufacturing Firms in Bolivia, 1988-2007" (joint with Beatriz Muriel), Development Research Working Paper Series No. 7, INESAD, La Paz Bolivia, 2012. "Bureaucratic Delay, Local-Level Monitoring, and Delivery of Small Infrastructure Projects: Evidence from a Field Experiment in Bolivia" (joint with Monica Yáñez) IZA Discussion Papers 6687, Institute for the Study of Labor (IZA), 2012. "Effects of the Global Financial and Economic Crisis on the Bolivian Economy: A CGE Approach" (joint with Martin Cicowiez), CEDLAS, Working Papers 0115, CEDLAS, Universidad Nacional de La Plata, 2011. "Is Fiscal Policy Alone Enough for Growth? A Simulation Analysis for Bolivia" (joint with Paul Estrada and Ximena Flores), Working Papers MPIA 2011-10, PEP-MPIA, 2011. Aporte de los Servicios Ecosistémicos Silvícolas a la Economía Boliviana (joint with Beatriz Muriel and Luis Carlos Jemio), Development Research Working Paper No. 12, INESAD, La Paz Bolivia, 2010. La Economía del Cambio Climático en Bolivia: Análisis del Sector de Energía Eléctrica, Development Research Working Paper No.12, INESAD, La Paz Bolivia, 2009. 3
Understanding Productivity Levels, Dispersion and Growth in the Leather Shoe Industry: Effects of Size and Informality (joint with Juan Cristobal Birbuet), Development Research Working Paper No.8, INESAD, La Paz Bolivia, 2009. Technological Progress and Productivity in the Quinoa Sector (joint with Juan Cristobal Birbuet), Development Research Working Paper No.7, INESAD, La Paz Bolivia, 2009. La Enseñanza de Economía en Bolivia y Chile (joint with Lourdes Espinoza and Katia Makhlouf), Research Department Working Paper 673, Inter-American Development Bank (IDB), Washington, D.C., 2009. Growth and Banking Structure in a Partially Dollarized Economy, Development Research Working Paper No.2, INESAD, La Paz Bolivia, 2007. Welfare Gains from Optimal Policies in a Partially Dollarized Economy, Development Research Working Paper No.10, INESAD, La Paz Bolivia, 2006 Essays on Partially Dollarized Economies Thesis submitted to the Doctorado Latinoamericano (Universidad de Chile) in fulfillment of the requirements for the degree of Doctor of Philosophy, Santiago de Chile, 2006. Estructura del Sector Turismo en Bolivia joint with C. Delgadillo, A. Lazo and G. Urcullo, UDAPE, La Paz Bolivia, 2003. Estructura del Sector Minero en Bolivia joint with L. Castro and M. Sanabria, UDAPE, La Paz Bolivia, 2003. Network Externalities como Determinantes de la Dolarización del Sistema Bancario en Bolivia Revista Controversias y Consensos, Cochabamba Bolivia, December 2002. Un Modelo Matemático de Crecimiento para el Sector Minero, UDAPE, La Paz Bolivia, 2001. Determinantes da Dolarização na Bolívia: Network Externalities Thesis submitted to the Department of Economics of the Pontifical Catholic University of Rio de Janeiro in fulfillment of the requirements for the degree of Master in Science, Rio de Janeiro Brazil, March 2000. La dolarización y el déficit fiscal en Bolivia Documento de Trabajo 04/97 IISEC, Bolivian Catholic University, La Paz Bolivia, 1997 El fenómeno de la dolarización en Bolivia Revista Controversias y Consensos, Cochabamba - Bolivia, December 1997. Señoriaje: Financiamiento Monetario del Déficit Fiscal Thesis submitted to the Department of Economics of the Bolivian Catholic University in fulfillment of the requirements for the degree of Bachelor in Economics, La Paz - Bolivia, October 1997. WORK IN PROGRESS: El Desarrollo de la Minería en Bolivia desde una Perspectiva Institucional (joint with Antonio Saravia) Productivity in Bolivia: A Development Accounting Approach between 1950-2010 Economic Crisis, Sectoral Reallocation and Real Exchange rate Dynamics in Bolivia (joint with Mauricio Vargas) The Bolivian Debt Build-up of the 1970 s (joint with Jean-Paul L Huillier) Trust and Social Capital under Informal Institutions: Experimental Evidence from El Alto (joint with Jörg Franke and Juan Cristobal Birbuet). 4
The Monetary and Fiscal History of Bolivia 1952-2008 (joint with Timothy Kehoe). Public service delivery and information technologies in Bolivia: Evidence from a natural experiment (joint with Monica Yáñez and Alberto Chong). INTERNATIONAL VISITS: April 2010: Visiting Federal Reserve Bank of Minneapolis, Research Department CONFERENCE AND SEMINAR PRESENTATIONS: 2013/04: 5 th Economic Symposium, April, 18, 2013, organized by the Institute for Advanced Development Studies and the Economic College of Cochabamba. 2013/03: Seminar, March, 7, 2013, organized by the Department of History of the Major University of San Andrés. 2012/11: 4 th Bolivian Conference on Development Economics (BCDE), La Paz Bolivia, November, 6-7, 2012, organized by the Bolivian Economic Society (SEBOL), the Institute for Advanced Development Studies (INESAD) and the Military Engineering School (EMI). 2012/07: 3 rd Economic Symposium, July, 12, 2012, organized by the Institute for Advanced Development Studies. 2012/04: Fourth Regional Meeting, Public Policy Analysis with Computable General Equilibrium Models, April, 19-20, 2012, organized by Espol, Cepal and IADB. 2012/04: Seminar, April 16, 2012 organized by the General Direction of Research and Post-graduate, Central University of Ecuador. 2011/11: 3 rd Bolivian Conference on Development Economics (BCDE), La Paz Bolivia, November, 14-15, 2011, organized by the Bolivian Economic Society (SEBOL), the Institute for Advanced Development Studies (INESAD) and the Bolivian Catholic University (UCB). 2011/11: Latin American Meetings LACEA-LAMES, Santiago de Chile - Chile, November 10-12, 2011, organized by Universidad Adolfo Ibañez. 2011/09: Annual Meeting of the Economic Society of Chile. Viña del Mar, September 8-2. 2011/02: 1 st Economic Symposium, February, 3, 2011, organized by the Institute for Advanced Development Studies. 2010/11: 2 nd Bolivian Conference on Development Economics (BCDE), La Paz Bolivia, October, 18-19, 2010, organized by the Bolivian Economic Society (SEBOL), the Institute for Advanced Development Studies (INESAD) and the Bolivian Private University (UPB). 2010/08: The Monetary and Fiscal History of Latin-America 1960-2008 Conference, Minneapolis United States, August, 30-31, 2010, organized by the Federal reserve Bank of Minneapolis. 2010/06: 8 th Poverty and Economic Policy (PEP) Research Network Conference, Dakar Senegal, June, 12-18, 2010, organized by the Poverty and Economic Policy Research Network. 2009/10: 1 st Bolivian Conference on Development Economics (BCDE), La Paz Bolivia, October 8-9, 2009, organized by the Bolivian Economic Society (SEBOL), the 5
Institute for Advanced Development Studies (INESAD) and the Bolivian Private University (UPB). 2008/12: 7 th Poverty and Economic Policy (PEP) Research Network Conference, Manila Philippines, December 9-12, 2008, organized by Poverty and Economic Policy Research Network. 2008/11: Latin American Meetings LACEA-LAMES, Rio de Janeiro - Brazil, November 20-22, 2008, organized by Fundação Getulio Vargas, Graduate School of Economics (FGV/EGPE) and Instituto Nacional de Matemática Pura e Aplicada (IMPA). 2007/10: Latin American Meetings LACEA-LAMES, Bogotá - Colombia, October 4-6, 2007, organized by Fedesarrollo and the Department of Economics, Universidad de los Andes. 2007/05: Bolivian Catholic University, Department of Economics Seminar, organized by Institute for Advanced Development Studies. 2006/11: Latin American Meetings LACEA-LAMES, Mexico City, November 2-4, 2006, organized by ITAM. 2006/04: Center for Applied Economics (CEA), Universidad de Chile. 2005/10: The Tenth Annual Meeting of the Latin American and Caribbean Economic Association (LACEA), Paris, France, October 27-29, 2005, organized by The American University of Paris. 2005/09: Annual Meeting of the Economic Society of Chile. Viña del Mar, September 28-29. 2005/04: Center for Applied Economics (CEA) Universidad de Chile. CONFERENCE ORGANIZATION: Co-organizer of the 4 th Bolivian Conference on Development Economics, 2012. Co-organizer of the 3 rd Bolivian Conference on Development Economics, 2011. Co-organizer of the 2 nd Bolivian Conference on Development Economics, 2010. Co-organizer of the 1 st Bolivian Conference on Development Economics, 2009. CONSULTING: La Minería en Bolivia desde una Perspectiva Institucional (FES), January 2013 March 2013. Impacto de las Microfinanzas en el Crecimiento Económico de Bolivia (ASOFIN), July 2012 December 2012. Análisis de Situación y Tendencias de los Principales Sectores Económicos y el Impacto en el Sistema Financiero (SBEF PROFIN), November 2008 November 2009. Modelo de Evaluación de Propuestas de Descentralización (CEPAL GTZ), November, 2006. Eficiencia y Equidad: El Reto de la Descentralización (CEPAL-GTZ), October 2006. Lineamientos de Política Macroeconómica (UDAPE PNUD), January 2006. AWARDS AND FELLOWSHIPS: 6
MECESUP (Chilean Government s Program for the Improving of Superior Education): PhD s Fellowship, Universidad de Chile, 2003 2006. CAPES (Brazilian Government s Agency for Graduate Studies): Master s Fellowship, 1998 2000. Award for the best undergraduate thesis - Asociación de Esposas de Diplomados en Altos Estudios Nacionales April 1999. LANGUAGES AND COMPUTER SKILLS: Spanish (native), English (fluent), German (fluent) and Portuguese (fluent). Matlab, Gauss, Stata, E-views, SWP, Tex. 7