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Table 4 Scenarios considered

From: Skills versus Luck: Bolivia and its recent Bonanza

 

Good skills (GS)

Bad skills (BS)

Good luck (GL)

A

B

Bad luck (BL)

C

D

  1. GL (BS) considers the observed sequence of terms of trade (Labor Freedom Index). BL (GS) considers that the terms of trade (Labor Freedom Index) for the period of the treatment remain as in 2005