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 ...

Verfasser: Desfrancois, Pierre Gilles Fernand
Dokumenttyp: Artikel
Erscheinungsdatum: 2019
Verlag/Hrsg.: Facultad de Ciencias Económicas. Instituto de Economía y Finanzas
Schlagwörter: Macroeconomía / Enfermedad Holandesa / Evaluación empírica / Política Pública / Bonanza Petrolera / F4 / O13 / O14 / O54 / Macroeconomy / Dutch disease / Empirical evaluation / Public politics / Oil Boom
Sprache: Spanish
Permalink: https://search.fid-benelux.de/Record/base-27060092
Datenquelle: BASE; Originalkatalog
Powered By: BASE
Link(s) : https://revistas.unc.edu.ar/index.php/acteconomica/article/view/24270

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. ; El presente trabajo de investigación desarrolla un modelo de vectores autorregresivos (VAR) para evaluar la hipótesis de enfermedad holandesa en la economía ecuatoriana en la última década a partir de los datos históricos recientes (2000-2017). Se analizaron empíricamente los principales síntomas de este fenómeno económico conocido como la maldición de los recursos naturales. La metodología permite cuantificar el impacto de la bonanza petrolera sobre la dinámica de la economía ecuatoriana a partir de las funciones de impulso respuesta. Los resultados reafirman la vulnerabilidad de la dinámica económica nacional con respecto a la volatilidad de los ingresos petroleros. Se estima que la bonanza petrolera conduce a una apreciación del tipo de cambio real que desestimula la actividad ...