Hechos Estilizados de la Economía Ecuatoriana: El Ciclo Económico 1965-2008
Stylized Facts of the Ecuadorian Economy: The Economic Chicle 1965-2008
Ivan Gachet,
Diego Maldonado,
Nicolas Oliva and
José Ramírez ()
MPRA Paper from University Library of Munich, Germany
Abstract:
This paper presents some short-term and long term stylized facts of the Ecuadorian economy, and gives a brief explanation of the circumstances under which these empirical regularities developed. To do so, we analyze macroeconomic aggregates from the real and fiscal sectors, and examine price variables in relation to the economic cycle. It is difficult have a high quality quarterly series in real terms for all variables so we use both quarterly and monthly time series. In the case of monthly data, we make use of the Index of Economic Activity (IDEAC, Spanish acronym) as a proxy for the GDP. The ultimate goal of this paper is to identify the interrelation of key macroeconomic variables and to lay down the empirical basis for the development of dynamic models consistent with the behavior of the Ecuadorian economy.
Keywords: Hechos Estilizados; Ciclos Económicos; Filtro Hodrick y Prescott; Ecuador (search for similar items in EconPapers)
JEL-codes: E3 E32 (search for similar items in EconPapers)
Date: 2011-03
New Economics Papers: this item is included in nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)
Downloads: (external link)
https://mpra.ub.uni-muenchen.de/30280/1/MPRA_paper_30280.pdf original version (application/pdf)
Related works:
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:pra:mprapa:30280
Access Statistics for this paper
More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().