Effects caused by Covid-19 in the Ecuadorian productive network
Given the emergence of Covid-19, Ecuador suffered a supply shock that prevented it from producing due to the sudden stoppage of productive activities. Additionally, international trade was partially interrupted, since imports and exports decreased, causing an external demand shock. As a result of th...
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2021
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| author | Ramos, Josselyn |
| author2 | Gordón, Kevin Ramírez, José |
| author2_role | author author |
| author_facet | Ramos, Josselyn Gordón, Kevin Ramírez, José |
| author_role | author |
| collection | Revista Cuestiones Económicas |
| dc.creator.none.fl_str_mv | Ramos, Josselyn Gordón, Kevin Ramírez, José |
| dc.date.none.fl_str_mv | 2021-11-23 |
| dc.format.none.fl_str_mv | application/pdf |
| dc.identifier.none.fl_str_mv | https://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/article/view/363 |
| 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/363/264 |
| dc.rights.none.fl_str_mv | info:eu-repo/semantics/openAccess |
| dc.source.none.fl_str_mv | Cuestiones Económicas; Vol. 31 Núm. 3 (2021): Edición Especial: Memorias IV Encuentro Internacional de Economía EPN; Autores: Efectos provocados por el Covid-19 en la red productiva ecuatoriana 2697-3367 2697-3367 reponame:Revista Cuestiones Económicas instname:Banco Central del Ecuador instacron:BCE |
| dc.subject.none.fl_str_mv | Política pública Participación femenina liderazgo femenino Igualdad de género Covid-19 Desarrollo económico |
| dc.title.none.fl_str_mv | Effects caused by Covid-19 in the Ecuadorian productive network Efectos provocados por el Covid-19 en la red productiva ecuatoriana |
| dc.type.none.fl_str_mv | info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Artículos de Investigación |
| description | Given the emergence of Covid-19, Ecuador suffered a supply shock that prevented it from producing due to the sudden stoppage of productive activities. Additionally, international trade was partially interrupted, since imports and exports decreased, causing an external demand shock. As a result of the crisis, population uncertainty increased, generating a change in the behavior of agents, which translates into a reduction in spending on consumption of goods, services and capital. The spread of these effects in the economy results from a multiplicative behavior, attributed to the existence of productive chains and cascade effects that arise from the impact generated. Given the existence of interrelationships in the production network, the direct and indirect effects resulting from disturbances will be transmitted from one sector to another in different proportions, through input-output relationships, which allow determining their relative effect. These transmission mechanisms describe a circular trend, product of the interaction between the different economic sectors. In this context, it is relevant to analyze what is the incidence of the crisis caused by Covid-19 in the Ecuadorian economy, through the implementation of a Leontief model with foreign trade and gross added value, which will allow establishing the interrelationships of the activities productive activities and evaluate ex-ante economic shocks as a result of the pandemic. |
| eu_rights_str_mv | openAccess |
| format | article |
| id | REVCUESTEC_f635b78529bd0e9fbc6de482786e300a |
| 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/363 |
| publishDate | 2021 |
| 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 | |
| spelling | Effects caused by Covid-19 in the Ecuadorian productive networkEfectos provocados por el Covid-19 en la red productiva ecuatoriana Ramos, Josselyn Gordón, Kevin Ramírez, José Política públicaParticipación femeninaliderazgo femeninoIgualdad de géneroCovid-19Desarrollo económicoGiven the emergence of Covid-19, Ecuador suffered a supply shock that prevented it from producing due to the sudden stoppage of productive activities. Additionally, international trade was partially interrupted, since imports and exports decreased, causing an external demand shock. As a result of the crisis, population uncertainty increased, generating a change in the behavior of agents, which translates into a reduction in spending on consumption of goods, services and capital. The spread of these effects in the economy results from a multiplicative behavior, attributed to the existence of productive chains and cascade effects that arise from the impact generated. Given the existence of interrelationships in the production network, the direct and indirect effects resulting from disturbances will be transmitted from one sector to another in different proportions, through input-output relationships, which allow determining their relative effect. These transmission mechanisms describe a circular trend, product of the interaction between the different economic sectors. In this context, it is relevant to analyze what is the incidence of the crisis caused by Covid-19 in the Ecuadorian economy, through the implementation of a Leontief model with foreign trade and gross added value, which will allow establishing the interrelationships of the activities productive activities and evaluate ex-ante economic shocks as a result of the pandemic.Ante el surgimiento del Covid-19, el Ecuador sufrió un choque de oferta que le impidió producir debido a la paralización repentina de las actividades productivas. Adicionalmente el comercio internacional se vio parcialmente interrumpido, dado que las importaciones y exportaciones disminuyeron, provocándose un choque de demanda externa. Producto de la crisis, la incertidumbre poblacional aumentó, generando un cambio en el comportamiento de los agentes, que se traduce en una reducción del gasto en consumo de bienes, servicios y capitales. La propagación de dichos efectos en la economía resulta de un comportamiento multiplicativo, atribuido a la existencia de encadenamientos productivos y efectos cascada que se desprenden por el impacto generado. Dada la existencia de interrelaciones en la red productiva, los efectos directos e indirectos fruto de perturbaciones se transmitirán de un sector a otro en diferentes proporciones, mediante las relaciones insumo-producto, las cuales permiten determinar el efecto relativo de los mismos. Estos mecanismos de transmisión describen una tendencia circular, producto de la interacción entre los distintos sectores económicos. Bajo este contexto, resulta relevante analizar cuál es la incidencia de la crisis provocada por el Covid-19 en la economía ecuatoriana, mediante la implementación de un modelo de Leontief con comercio exterior y valor agregado bruto, el cual permitirá establecer las interrelaciones de las actividades productivas y evaluar choques económicos ex-ante producto de la pandemia.Banco Central del Ecuador2021-11-23info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionArtículos de Investigaciónapplication/pdfhttps://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/article/view/363Cuestiones Económicas; Vol. 31 Núm. 3 (2021): Edición Especial: Memorias IV Encuentro Internacional de Economía EPN; Autores: Efectos provocados por el Covid-19 en la red productiva ecuatoriana2697-33672697-3367reponame:Revista Cuestiones Económicasinstname:Banco Central del Ecuadorinstacron:BCEspahttps://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/article/view/363/264info:eu-repo/semantics/openAccess2021-11-25T23:35:45Zoai:estudioseconomicos.bce.fin.ec:article/363Portal de revistashttps://estudioseconomicos.bce.fin.ec/index.php/RevistaCEOrganismo de gobiernowww.bce.fin.echttps://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/oaiEcuadoropendoar:2021-11-25T23:35:45falsePortal de revistashttps://estudioseconomicos.bce.fin.ec/index.php/RevistaCEOrganismo de gobiernowww.bce.fin.echttps://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/oaiEcuadoropendoar:2021-11-25T23:35:45Revista Cuestiones Económicas - Banco Central del Ecuadorfalse |
| spellingShingle | Effects caused by Covid-19 in the Ecuadorian productive network Ramos, Josselyn Política pública Participación femenina liderazgo femenino Igualdad de género Covid-19 Desarrollo económico |
| status_str | publishedVersion |
| title | Effects caused by Covid-19 in the Ecuadorian productive network |
| title_full | Effects caused by Covid-19 in the Ecuadorian productive network |
| title_fullStr | Effects caused by Covid-19 in the Ecuadorian productive network |
| title_full_unstemmed | Effects caused by Covid-19 in the Ecuadorian productive network |
| title_short | Effects caused by Covid-19 in the Ecuadorian productive network |
| title_sort | Effects caused by Covid-19 in the Ecuadorian productive network |
| topic | Política pública Participación femenina liderazgo femenino Igualdad de género Covid-19 Desarrollo económico |
| url | https://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/article/view/363 |