Alvaro Ramiro Vasquez De la Vega
Email: avasquez@univalle.edu
Alvaro Ramiro Vasquez De la Vega is a distinguished professional with a robust background in business administration and law. He holds a Bachelor’s degree in Business Administration and is a graduate in Law. Further enhancing his expertise, Alvaro has earned a Master’s degree in Business Administration and is currently a doctoral candidate in Economic and Administrative Sciences. With over 15 years of experience in managerial roles, Alvaro has excelled as a Country Manager, Regional Manager, and Operations Manager. His career is marked by a strong focus on technological advancements, particularly in the development and management of applications for the food and transportation sectors. Alvaro’s extensive experience and specialized knowledge make him a valuable asset in any organization, driving innovation and operational excellence.
Papers Published in World Economics:
The Determinants to Finance the Fiscal Deficit
Bolivia faces a shortage of foreign currency, especially dollars, due to a decline in natural gas exports. This decline leads to reduced foreign exchange income and savings, impacting the productive community’s social economic model and causing macroeconomic imbalance. The research identifies independent variables affected by this shortage, all denominated in dollars: gas exports, international reserves, external debt, trade balance, foreign remittances, and the pension portfolio. These variables are essential for meeting obligations and expenses in the General State Budget, with the fiscal deficit being the dependent variable. The study covers the period from 2006 to 2023, during which the economic model was applied. Polynomial projections of each variable were made to identify cyclical patterns or trends. Multiple regression analysis showed a multiple correlation coefficient of 97%. The trade balance and the pension portfolio had negative and significant coefficients, while the other variables had positive and significant coefficients, except for gas exports.
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