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Latin American Economic Review
Fig. 3 | Latin American Economic Review

Fig. 3

From: Skills versus Luck: Bolivia and its recent Bonanza

Fig. 3

Placebo test for (log of) GDP per capita (at PPP). The bold line represents the difference between the (log of) observed GDP per capita in Bolivia and the synthetic control. The gray lines represent placebo tests deviations for the other countries in the data set. The graph excludes countries with pre-treatment RMSE 2.2 times higher than Bolivia. The vertical line corresponds to the year prior to the treatment (2005)

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