Ecuador’s fiscal policy and the impact of exogenus shocks on economic growth (2012-2023)

This article analyzes the relationship between public spending on current payroll, consumer goods and services, investment in non-financial assets (IANF), value-added and income taxes, as instruments of fiscal policy, on Gross Domestic Product (GDP) for the period 2012-2023q1. The time series approa...

Disgrifiad llawn

Wedi'i Gadw mewn:
Manylion Llyfryddiaeth
Prif Awdur: Salvador, Juan Carlos (author)
Fformat: article
Iaith:spa
Cyhoeddwyd: 2023
Pynciau:
Mynediad Ar-lein:https://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/article/view/448
Tagiau: Ychwanegu Tag
Dim Tagiau, Byddwch y cyntaf i dagio'r cofnod hwn!
Disgrifiad
Crynodeb:This article analyzes the relationship between public spending on current payroll, consumer goods and services, investment in non-financial assets (IANF), value-added and income taxes, as instruments of fiscal policy, on Gross Domestic Product (GDP) for the period 2012-2023q1. The time series approach is used with the application of the SVAR Model following the proposals developed by Blanchard and Perotti (1999) and Perotti (2004) to calculate the fiscal multipliers expressed as Cumulative Impulse Response Function. The results provide evidence that expan­sionary fiscal shocks on the payroll have positive effects in the short term, however the fiscal multiplier is lower in relation to the IANF, while in the income tax it is higher in relation to the Value-added tax.