The Effects of International Monetary Flows on the Ecuadorian Economy from 2002 to 2021
Ecuador’s economic expansion has been shaped by diverse external factors that have impacted its performance. This study investigated the correlation between external debt, foreign direct investment, and gross fixed capital formation in relation to Ecuador’s economic growth spanning from 2001 to 2021...
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| Formato: | article |
| Idioma: | eng |
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2024
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| Acceso en liña: | https://revistas.ute.edu.ec/index.php/economia-y-negocios/article/view/1266 |
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| author | Miranda-Peña, Álvaro Steve |
| author2 | Tonon-Ordóñez, Luis Bernardo |
| author2_role | author |
| author_facet | Miranda-Peña, Álvaro Steve Tonon-Ordóñez, Luis Bernardo |
| author_role | author |
| collection | Revistas Universidad Tecnológica Equinoccial |
| dc.creator.none.fl_str_mv | Miranda-Peña, Álvaro Steve Tonon-Ordóñez, Luis Bernardo |
| dc.date.none.fl_str_mv | 2024-01-01 |
| dc.format.none.fl_str_mv | application/pdf text/html |
| dc.identifier.none.fl_str_mv | https://revistas.ute.edu.ec/index.php/economia-y-negocios/article/view/1266 10.29019/eyn.v15i1.1266 |
| dc.language.none.fl_str_mv | eng |
| dc.publisher.none.fl_str_mv | Universidad UTE |
| dc.relation.none.fl_str_mv | https://revistas.ute.edu.ec/index.php/economia-y-negocios/article/view/1266/1104 https://revistas.ute.edu.ec/index.php/economia-y-negocios/article/view/1266/1105 |
| dc.rights.none.fl_str_mv | Derechos de autor 2023 Los Autores https://creativecommons.org/licenses/by/3.0/ec/ info:eu-repo/semantics/openAccess |
| dc.source.none.fl_str_mv | Economía y Negocios; Vol. 15 No. 1 (2024): Journal Economía y Negocios (January - June); 10-30 Economía y Negocios; Vol. 15 Núm. 1 (2024): Revista Economía y Negocios (Enero - Junio); 10-30 2602-8050 10.29019/eyn.v15i1 reponame:Revistas Universidad Tecnológica Equinoccial instname:Universidad Tecnológica Equinoccial instacron:UTE |
| dc.subject.none.fl_str_mv | Crecimiento Económico Deuda Externa Elasticidad Producto Interno Bruto Inversión Extranjera Economic Growth Elasticity External Debt Foreign Direct Investment Gross Domestic Production |
| dc.title.none.fl_str_mv | The Effects of International Monetary Flows on the Ecuadorian Economy from 2002 to 2021 Efectos de los Flujos Monetarios Internacionales sobre la Economía Ecuatoriana del 2001 al 2021 |
| dc.type.none.fl_str_mv | info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Evaluado por pares |
| description | Ecuador’s economic expansion has been shaped by diverse external factors that have impacted its performance. This study investigated the correlation between external debt, foreign direct investment, and gross fixed capital formation in relation to Ecuador’s economic growth spanning from 2001 to 2021. Employing a quantitative approach, the research sourced data from various macroeconomic indicators of Ecuador’s Central Bank, and an econometric model of logarithmic linear regression was devised, grounded in the principles of ordinary least squares. This model facilitated an examination of the interrelationships among the variables of interest. The results obtained from the analysis indicated that both external debt and foreign direct investment wielded significant influence on economic growth. Specifically, external debt demonstrated a favorable effect on the dependent variable, whereas foreign direct investment displayed an adverse relationship, painting a less promising scenario for Ecuador’s economy. |
| eu_rights_str_mv | openAccess |
| format | article |
| id | REVUTE_3abdbd2bbf12f87cacded28729d82fd6 |
| identifier_str_mv | 10.29019/eyn.v15i1.1266 |
| instacron_str | UTE |
| institution | UTE |
| instname_str | Universidad Tecnológica Equinoccial |
| language | eng |
| network_acronym_str | REVUTE |
| network_name_str | Revistas Universidad Tecnológica Equinoccial |
| oai_identifier_str | oai:ojs.ute.edu.ec:article/1266 |
| publishDate | 2024 |
| publisher.none.fl_str_mv | Universidad UTE |
| reponame_str | Revistas Universidad Tecnológica Equinoccial |
| repository.mail.fl_str_mv | . |
| repository.name.fl_str_mv | Revistas Universidad Tecnológica Equinoccial - Universidad Tecnológica Equinoccial |
| repository_id_str | 0 |
| rights_invalid_str_mv | Derechos de autor 2023 Los Autores https://creativecommons.org/licenses/by/3.0/ec/ |
| spelling | The Effects of International Monetary Flows on the Ecuadorian Economy from 2002 to 2021Efectos de los Flujos Monetarios Internacionales sobre la Economía Ecuatoriana del 2001 al 2021Miranda-Peña, Álvaro SteveTonon-Ordóñez, Luis BernardoCrecimiento EconómicoDeuda ExternaElasticidadProducto Interno BrutoInversión ExtranjeraEconomic GrowthElasticityExternal DebtForeign Direct InvestmentGross Domestic ProductionEcuador’s economic expansion has been shaped by diverse external factors that have impacted its performance. This study investigated the correlation between external debt, foreign direct investment, and gross fixed capital formation in relation to Ecuador’s economic growth spanning from 2001 to 2021. Employing a quantitative approach, the research sourced data from various macroeconomic indicators of Ecuador’s Central Bank, and an econometric model of logarithmic linear regression was devised, grounded in the principles of ordinary least squares. This model facilitated an examination of the interrelationships among the variables of interest. The results obtained from the analysis indicated that both external debt and foreign direct investment wielded significant influence on economic growth. Specifically, external debt demonstrated a favorable effect on the dependent variable, whereas foreign direct investment displayed an adverse relationship, painting a less promising scenario for Ecuador’s economy.La expansión económica en Ecuador ha sido influenciada por diversos factores externos que han afectado su desempeño. Esta investigación examinó la relación entre la deuda externa, la inversión extranjera directa y la formación bruta de capital fijo en relación al crecimiento económico de Ecuador entre 2001 y 2021. Se realizó un estudio cuantitativo que involucró la recolección de datos de distintos indicadores macroeconómicos del Banco Central de Ecuador. Se formuló un modelo econométrico utilizando regresión lineal logarítmica basado en el método de mínimos cuadrados ordinarios, lo que permitió analizar la relación entre las variables estudiadas. Los resultados obtenidos indicaron que tanto la deuda externa como la inversión extranjera directa tuvieron un impacto importante en el crecimiento económico. Específicamente, la deuda externa tuvo una influencia positiva en la variable dependiente, mientras que la inversión extranjera directa mostró una relación negativa, lo que sugiere un panorama desfavorable para la economía ecuatoriana.Universidad UTE2024-01-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionPeer-reviewedEvaluado por paresapplication/pdftext/htmlhttps://revistas.ute.edu.ec/index.php/economia-y-negocios/article/view/126610.29019/eyn.v15i1.1266Economía y Negocios; Vol. 15 No. 1 (2024): Journal Economía y Negocios (January - June); 10-30Economía y Negocios; Vol. 15 Núm. 1 (2024): Revista Economía y Negocios (Enero - Junio); 10-302602-805010.29019/eyn.v15i1reponame:Revistas Universidad Tecnológica Equinoccialinstname:Universidad Tecnológica Equinoccialinstacron:UTEenghttps://revistas.ute.edu.ec/index.php/economia-y-negocios/article/view/1266/1104https://revistas.ute.edu.ec/index.php/economia-y-negocios/article/view/1266/1105Derechos de autor 2023 Los Autoreshttps://creativecommons.org/licenses/by/3.0/ec/info:eu-repo/semantics/openAccess2024-01-10T21:47:00Zoai:ojs.ute.edu.ec:article/1266Institucionalhttps://www.ute.edu.ec/revistas-ute/Universidad privadahttps://www.ute.edu.ec/..Ecuador.1390-65421390-6542opendoar:02025-02-07T20:36:28.067406Revistas Universidad Tecnológica Equinoccial - Universidad Tecnológica Equinoccialtrue |
| spellingShingle | The Effects of International Monetary Flows on the Ecuadorian Economy from 2002 to 2021 Miranda-Peña, Álvaro Steve Crecimiento Económico Deuda Externa Elasticidad Producto Interno Bruto Inversión Extranjera Economic Growth Elasticity External Debt Foreign Direct Investment Gross Domestic Production |
| status_str | publishedVersion |
| title | The Effects of International Monetary Flows on the Ecuadorian Economy from 2002 to 2021 |
| title_full | The Effects of International Monetary Flows on the Ecuadorian Economy from 2002 to 2021 |
| title_fullStr | The Effects of International Monetary Flows on the Ecuadorian Economy from 2002 to 2021 |
| title_full_unstemmed | The Effects of International Monetary Flows on the Ecuadorian Economy from 2002 to 2021 |
| title_short | The Effects of International Monetary Flows on the Ecuadorian Economy from 2002 to 2021 |
| title_sort | The Effects of International Monetary Flows on the Ecuadorian Economy from 2002 to 2021 |
| topic | Crecimiento Económico Deuda Externa Elasticidad Producto Interno Bruto Inversión Extranjera Economic Growth Elasticity External Debt Foreign Direct Investment Gross Domestic Production |
| url | https://revistas.ute.edu.ec/index.php/economia-y-negocios/article/view/1266 |