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

Pedro Elosegui

Económica, 2016, vol. 62, 23-53

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.

Keywords: New Keynesian model; Bayesian methods; Oil Value Added; Fiscal Policy. (search for similar items in EconPapers)
JEL-codes: E02 O11 Q43 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://economica.econo.unlp.edu.ar/documentos/20161229033728PM_Elosegui_vf.pdf (application/pdf)

Related works:
Journal Article: Structural Economic Model for Ecuador: a Dollar-ized and Oil-ized Economy (2016)
Working Paper: Structural Economic Model for Ecuador: a Dollar-ized and Oil-ized Economy (2014)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:lap:journl:601

Access Statistics for this article

More articles in Económica from Departamento de Economía, Facultad de Ciencias Económicas, Universidad Nacional de La Plata Contact information at EDIRC.
Bibliographic data for series maintained by Milagros Cejas ().