Efectos de la Volatilidad Macroeconómica en la Inversión Privada del Ecuador periodo 1987-2020.

This research work analyzes the effects of macroeconomic volatility on private investment in Ecuador during the 1987 - 2020 period. A relationship is established between private investment measured through gross fixed capital formation and the volatility of some macroeconomic variables such as real GDP, real exchange rate, inflation, and non-oil primary deficit/surplus. An efficient econometric model is developed to analyze such a relationship, which confirms the existence of a statistically significant and negative relationship between macro volatility and private investment in Ecuador, corroborating with the theoretical postulates where the existence of such volatility generates a pernicious effect. On the investment, since it projects uncertainty of the macroeconomic context in which an investor intends to commit his resources since these agents will demand a high return at the lowest possible market risk. The research is divided into three chapters. Chapter I refers to the theoretical foundation on investment and the behavior of investors in the face of volatile macroeconomic scenarios. Chapter II indicates the research methodology, design, population and sample, techniques, and instruments for collecting and processing information. Chapter III deals with the results obtained by applying an ARCH econometric model for data with time series, which allowed determining the existence of a negative relationship between private investment and macroeconomic volatility for Ecuador.

• المؤلف الرئيسي: Guamán Placencia, Welington Omar (author)
• التنسيق: bachelorThesis
• اللغة: spa
• منشور في: 2022
• الموضوعات: Inversión privada; Volatilidad macroeconómica; Aversión al riesgo; Incertidumbre; Irreversibilidad
• الوصول للمادة أونلاين: http://dspace.unach.edu.ec/handle/51000/9138