Dollarization, economic growth, and employment

Raimundo Soto

Economics Letters, 2009, vol. 105, issue 1, pages 42-45

Abstract: Dollarization brought price stability and higher economic growth to Ecuador. Nevertheless, unemployment remained stubbornly high. Two opposing forces explain this result: sustained growth led to higher labor demand but price stabilization triggered substitution effects by cheaper intermediate goods and capital.

Keywords: Dollarization; Employment; Economic; growth (search for similar items in EconPapers)
Date: 2009

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Persistent link: http://EconPapers.repec.org/RePEc:eee:ecolet:v:105:y:2009:i:1:p:42-45

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