Empirical Evaluation of the Symptoms of Dutch Disease in Recent Ecuadorian History (2007-2017)

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The present research work develops a model of autoregressive vectors (VAR) to evaluate the hypothesis of Dutch disease in the Ecuadorian economy in the last decade based on the available historical data (2000-2017). The main symptoms of this economic phenomenon were analyzed empirically. The methodo...

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Autor principal: Desfrancois, Pierre Gilles Fernand
Formato: Artículo revista
Lenguaje:Español
Publicado: Facultad de Ciencias Económicas. Instituto de Economía y Finanzas 2019
Materias:
Macroeconomía
Enfermedad Holandesa
Evaluación empírica
Política Pública
Bonanza Petrolera
F4
O13
O14
O54
Macroeconomy
Dutch disease
Empirical evaluation
Public politics
Oil Boom
Acceso en línea:https://revistas.unc.edu.ar/index.php/acteconomica/article/view/24270
Aporte de:
Revistas de la UNC de Universidad Nacional de Córdoba
id I10-R10article-24270
record_format ojs
institution Universidad Nacional de Córdoba
institution_str I-10
repository_str R-10
container_title_str Revistas de la UNC
language Español
format Artículo revista
topic Macroeconomía
Enfermedad Holandesa
Evaluación empírica
Política Pública
Bonanza Petrolera
F4
O13
O14
O54
Macroeconomy
Dutch disease
Empirical evaluation
Public politics
Oil Boom
F4
O13
O14
O54
spellingShingle Macroeconomía
Enfermedad Holandesa
Evaluación empírica
Política Pública
Bonanza Petrolera
F4
O13
O14
O54
Macroeconomy
Dutch disease
Empirical evaluation
Public politics
Oil Boom
F4
O13
O14
O54
Desfrancois, Pierre Gilles Fernand
Empirical Evaluation of the Symptoms of Dutch Disease in Recent Ecuadorian History (2007-2017)
topic_facet Macroeconomía
Enfermedad Holandesa
Evaluación empírica
Política Pública
Bonanza Petrolera
F4
O13
O14
O54
Macroeconomy
Dutch disease
Empirical evaluation
Public politics
Oil Boom
F4
O13
O14
O54
author Desfrancois, Pierre Gilles Fernand
author_facet Desfrancois, Pierre Gilles Fernand
author_sort Desfrancois, Pierre Gilles Fernand
title Empirical Evaluation of the Symptoms of Dutch Disease in Recent Ecuadorian History (2007-2017)
title_short Empirical Evaluation of the Symptoms of Dutch Disease in Recent Ecuadorian History (2007-2017)
title_full Empirical Evaluation of the Symptoms of Dutch Disease in Recent Ecuadorian History (2007-2017)
title_fullStr Empirical Evaluation of the Symptoms of Dutch Disease in Recent Ecuadorian History (2007-2017)
title_full_unstemmed Empirical Evaluation of the Symptoms of Dutch Disease in Recent Ecuadorian History (2007-2017)
title_sort empirical evaluation of the symptoms of dutch disease in recent ecuadorian history (2007-2017)
description The present research work develops a model of autoregressive vectors (VAR) to evaluate the hypothesis of Dutch disease in the Ecuadorian economy in the last decade based on the available historical data (2000-2017). The main symptoms of this economic phenomenon were analyzed empirically. The methodology used was a VAR model that collects the interactions between the main economic variables. The impulse response functions were estimated to measure the symptoms of the Dutch disease in Ecuador. The methodology allows to quantify the impact of the oil boom on the dynamics of the Ecuadorian economy. The results reaffirm the vulnerability of the national economic dynamics with respect to the volatility of oil revenues. It is estimated that the oil boom causes an income effect, since the oil bonanza has been a determining factor in explaining the country's economic growth, and an expenditure effect that led to an appreciation of the real exchange rate that discourages the activity of the tradable sector of the country. In addition, there are tensions on public finances through increased public spending and the trade balance due to the increase in imports, concluding that the oil boom caused fiscal and commercial imbalances in the country.
publisher Facultad de Ciencias Económicas. Instituto de Economía y Finanzas
publishDate 2019
url https://revistas.unc.edu.ar/index.php/acteconomica/article/view/24270
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bdutipo_str Revistas
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