Structural Economic Model for Ecuador: a Dollar-ized and Oil-ized

Authors

  • Pedro Elosegui
  • Nicolás Grosman

Keywords:

valor agregado petrolero, nuevo modelo keynesiano, métodos bayesianos

Abstract

The paper develops a Structural Model with the main macroeconomic features of the Ecuadorian economy. It models the main transmission channels of a small open and dollarized economy, highly dependent on oil production and foreign remittances. It is estimated by Bayesian methodsfor the period 2001- 2010. The framework highlights the main risks affecting the macroeconomic performance, including the importance of international shocks. It also underscores the importance of the fiscal policies and the independent and significant role of the oil value added in the domestic economy.

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Published

2016-12-30

How to Cite

Elosegui, P., & Grosman, N. (2016). Structural Economic Model for Ecuador: a Dollar-ized and Oil-ized. Económica, 62, p. 23–53. Retrieved from https://revistas.unlp.edu.ar/Economica/article/view/5337

Issue

Vol. 62 (2016)

Section

Articles

License

The material published in the journal is distributed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) license. This license requires proper credit to be given, a link to the license to be provided, and changes to be indicated. It does not permit commercial use of the work, and if the work is remixed, transformed, or otherwise modified, distribution of such modification is not allowed.