Restricciones al crecimiento de la productividad en el Ecuador: Brecha externa y fiscal (2002-2017)

Nicolás Acosta González; Erik Camelos

Authors

Nicolás Acosta González Pontifical Catholic University of Ecuador - Ecuador Autor
Erik Camelos Pontifical Catholic University of Ecuador - Ecuador Autor

Keywords:

External gap, fiscal gap, productivity, public debt, sustainability

Abstract

The following paper attempts to show the fundamental balances of an economy, it is found that, in Ecuador the dominant are the external and fiscal balances. So, external balance vulnerability in the face of exogenous shocks, ends affecting the fiscal balance and productive activity in a whole, given that Ecuador is presented as a 'State led economy’. The common solution has been the increment of public debt that channel the fiscal gap and generate adjustment with growth. Nevertheless, public investment does not oscillate positively as the debt stock increment does, this weakens the economy's productivity and consequently aggravates the debt sustainability.

DOI: https://doi.org/10.31164/bcoyu.18.2018.672

URL: http://revistas.uta.edu.ec/erevista/index.php/bcoyu/article/view/672

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