Déficit fiscal y dinámica económica del Ecuador. Salida del progresismo e implementación de un programa económico con el FMI

Fiscal deficit and economic dynamics in Ecuador. The shift away from progressivism and the implementation of an economic program with the IMF

Santiago García Álvarez

MPRA Paper from University Library of Munich, Germany

Abstract: The aim of this article is to analyze the main characteristics of Ecuador's fiscal deficit and the application of an International Monetary Fund program. This alternative would put an end to the distributive and redistributive growth model implemented for 10 years by the government of Rafael Correa. The main argument is that macroeconomic adjustment is inevitable, due to the strong conditions of fiscal unsustainability. The governmental proposal intends to launch a new model of transition growth, based on fiscal adjustment; private investment in replacement of public investment; promotion of non-oil exports; the low intervention of the Central Bank of Ecuador in the monetary-financial areas; and a strong process of labor market liberalization.

Keywords: Fiscal policy; economic growth; Ecuadorian economy (search for similar items in EconPapers)
JEL-codes: E62 O11 (search for similar items in EconPapers)
Date: 2019-02-27, Revised 2019-05-20
References: Add references at CitEc
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Published in Boletín de Coyuntura 21.2(2019): pp. 4-8

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:129463

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