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...
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| Formatua: | article |
| Hizkuntza: | spa |
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2023
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| Sarrera elektronikoa: | https://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/article/view/448 |
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Etiketa erantsi
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Etiketa erantsi | _version_ | 1858113931414863872 |
|---|---|
| author | Salvador, Juan Carlos |
| author_facet | Salvador, Juan Carlos |
| author_role | author |
| collection | Revista Cuestiones Económicas |
| dc.creator.none.fl_str_mv | Salvador, Juan Carlos |
| dc.date.none.fl_str_mv | 2023-12-15 |
| dc.format.none.fl_str_mv | application/pdf |
| dc.identifier.none.fl_str_mv | https://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/article/view/448 10.47550/RCE/33.2.4 |
| dc.language.none.fl_str_mv | spa |
| dc.publisher.none.fl_str_mv | Banco Central del Ecuador |
| dc.relation.none.fl_str_mv | https://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/article/view/448/347 |
| dc.rights.none.fl_str_mv | Derechos de autor 2023 Cuestiones Económicas https://creativecommons.org/licenses/by-nc/4.0 info:eu-repo/semantics/openAccess |
| dc.source.none.fl_str_mv | Cuestiones Económicas; Vol. 33 Núm. 2 (2023): Revista Cuestiones Económicas; Autor: Juan Carlos Salvador 2697-3367 2697-3367 reponame:Revista Cuestiones Económicas instname:Banco Central del Ecuador instacron:BCE |
| dc.subject.none.fl_str_mv | economic growth, fiscal multiplier, fiscal policy, SVAR Economic growth Fiscal multiplier Crecimiento económico Multiplicador fiscal Política fiscal SVAR |
| dc.title.none.fl_str_mv | Ecuador’s fiscal policy and the impact of exogenus shocks on economic growth (2012-2023) La política fiscal en Ecuador y la incidencia de los shocks exógenos en el crecimiento económico (2012-2023) |
| dc.type.none.fl_str_mv | info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Artículos de Investigación |
| description | 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. |
| eu_rights_str_mv | openAccess |
| format | article |
| id | REVCUESTEC_459e8bfc40a80c0c0aff3a548690fefd |
| identifier_str_mv | 10.47550/RCE/33.2.4 |
| instacron_str | BCE |
| institution | BCE |
| instname_str | Banco Central del Ecuador |
| language | spa |
| network_acronym_str | REVCUESTEC |
| network_name_str | Revista Cuestiones Económicas |
| oai_identifier_str | oai:estudioseconomicos.bce.fin.ec:article/448 |
| publishDate | 2023 |
| publisher.none.fl_str_mv | Banco Central del Ecuador |
| reponame_str | Revista Cuestiones Económicas |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | Revista Cuestiones Económicas - Banco Central del Ecuador |
| repository_id_str | |
| rights_invalid_str_mv | Derechos de autor 2023 Cuestiones Económicas https://creativecommons.org/licenses/by-nc/4.0 |
| spelling | Ecuador’s fiscal policy and the impact of exogenus shocks on economic growth (2012-2023)La política fiscal en Ecuador y la incidencia de los shocks exógenos en el crecimiento económico (2012-2023)Salvador, Juan Carloseconomic growth, fiscal multiplier, fiscal policy, SVAREconomic growthFiscal multiplierCrecimiento económicoMultiplicador fiscalPolítica fiscalSVARThis 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.Este artículo analiza la relación entre el gasto público de nómina corriente, bienes y servicios de consumo, inversión en activos no financieros (IANF), los impuestos al valor agregado y a la renta, como instrumentos de política fiscal, sobre el producto interno bruto PIB para el periodo 2012-2023q1. Se emplea el enfoque de series de tiempo con la aplicación del modelo SVAR, siguiendo a las propuestas desarrolladas por Blanchard y Perotti (1999) y Perotti (2004) para calcular los multiplicadores fiscales expresados como función impulso-respuesta acumulada. Los resultados brindan evidencia que shocks fiscales de carácter expansivo en la nómina tiene efectos positivos a corto plazo; sin embargo, el multiplicador fiscal es menor en relación a la IANF, mientras que en el impuesto a la renta es mayor en relación al impuesto al valor agregado.Banco Central del Ecuador2023-12-15info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionArtículos de Investigaciónapplication/pdfhttps://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/article/view/44810.47550/RCE/33.2.4Cuestiones Económicas; Vol. 33 Núm. 2 (2023): Revista Cuestiones Económicas; Autor: Juan Carlos Salvador2697-33672697-3367reponame:Revista Cuestiones Económicasinstname:Banco Central del Ecuadorinstacron:BCEspahttps://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/article/view/448/347Derechos de autor 2023 Cuestiones Económicashttps://creativecommons.org/licenses/by-nc/4.0info:eu-repo/semantics/openAccess2025-09-03T17:30:51Zoai:estudioseconomicos.bce.fin.ec:article/448Portal de revistashttps://estudioseconomicos.bce.fin.ec/index.php/RevistaCEOrganismo de gobiernowww.bce.fin.echttps://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/oaiEcuadoropendoar:2025-09-03T17:30:51falsePortal de revistashttps://estudioseconomicos.bce.fin.ec/index.php/RevistaCEOrganismo de gobiernowww.bce.fin.echttps://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/oaiEcuadoropendoar:2025-09-03T17:30:51Revista Cuestiones Económicas - Banco Central del Ecuadorfalse |
| spellingShingle | Ecuador’s fiscal policy and the impact of exogenus shocks on economic growth (2012-2023) Salvador, Juan Carlos economic growth, fiscal multiplier, fiscal policy, SVAR Economic growth Fiscal multiplier Crecimiento económico Multiplicador fiscal Política fiscal SVAR |
| status_str | publishedVersion |
| title | Ecuador’s fiscal policy and the impact of exogenus shocks on economic growth (2012-2023) |
| title_full | Ecuador’s fiscal policy and the impact of exogenus shocks on economic growth (2012-2023) |
| title_fullStr | Ecuador’s fiscal policy and the impact of exogenus shocks on economic growth (2012-2023) |
| title_full_unstemmed | Ecuador’s fiscal policy and the impact of exogenus shocks on economic growth (2012-2023) |
| title_short | Ecuador’s fiscal policy and the impact of exogenus shocks on economic growth (2012-2023) |
| title_sort | Ecuador’s fiscal policy and the impact of exogenus shocks on economic growth (2012-2023) |
| topic | economic growth, fiscal multiplier, fiscal policy, SVAR Economic growth Fiscal multiplier Crecimiento económico Multiplicador fiscal Política fiscal SVAR |
| url | https://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/article/view/448 |