Empirical Evaluation of the Symptoms of Dutch Disease in Recent Ecuadorian History (2007-2017) ; Evaluación Empírica de los Síntomas de la Enfermedad Holandesa en la Historia Ecuatoriana Reciente (2007-2017)

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... Mehr ...