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Category : Ecuador
Languages : en
Pages : 36
Book Description
Quarterly Economic Review of Ecuador
Author: Quarterly Economic Review
Author: Quarterly Economic Review of Colombia, Ecuador
Author: Quarterly Economic Review
Author: Quarterly Economic Review of Ecuador
Author: Ecuador
Author: International Monetary Fund. Western Hemisphere Dept.Publisher: International Monetary Fund
ISBN: 1498303676
Category : Business & Economics
Languages : en
Pages : 69
Book Description
This Selected Issues paper estimates Ecuador’s potential growth in the range of 1 3/4 to 3 percent. The lower estimate corresponds to an extrapolation of recent trends while the higher estimate could be achievable through the implementation of a reform agenda that addresses fiscal and competitiveness challenges of Ecuador. The paper also develops models to nowcast and forecast GDP to improve the accuracy of growth projections. The oil sector remains an important driver of economic activity; however, it is not as important as it once was. A simple growth accounting exercise is used to decompose Ecuador’s growth between production factors accumulation; capital and labor, and total factor productivity. The study shows that low total factor productivity is the reason behind Ecuador’s recent economic decline and has been a negative contributor to long-term growth. The paper also explores different vector autoregression models to identify the best one to forecast real GDP in Ecuador.
Ecuador
Author: International Monetary FundPublisher: International Monetary Fund
ISBN: 1451811837
Category : Business & Economics
Languages : en
Pages : 83
Book Description
This Selected Issues paper analyzes economic performance of Ecuador under dollarization. The paper reviews the principal trade-offs normally associated with official dollarization, and their specific relevance to Ecuador. It discusses Ecuador’s performance under the dollarization regime, highlighting the country’s main achievements and challenges in the macroeconomic and structural areas. The paper draws some conclusions and discusses what dollarization implies for Ecuador’s reform agenda in the future. The paper also assesses sustainability of Ecuador’s fiscal policy and explores criteria that could guide the setting of fiscal policy in the future.
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