La política Fiscal Procíclica y Volátil y el crecimiento económico de Ecuador, Periodo 2000 – 2015
In last two decades in the Latin American economies, there have been behaviors of procyclicality and volatility of fiscal policies, causing negative effects on economic growth. There are strong impacts on: decline the increasing of tax collection, increase of unemployment, lower acquisitive power, a...
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| Format: | bachelorThesis |
| Jezik: | spa |
| Izdano: |
2017
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| Online pristup: | http://dspace.unl.edu.ec/jspui/handle/123456789/18005 |
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Dodaj oznaku | Sažetak: | In last two decades in the Latin American economies, there have been behaviors of procyclicality and volatility of fiscal policies, causing negative effects on economic growth. There are strong impacts on: decline the increasing of tax collection, increase of unemployment, lower acquisitive power, among others. By provoking inefficiency in fiscal policy, which is fundamental for achieving economic-sustainable growth, which does not depend so much on external shocks or cycles. Selecting as a research topic to: "Procyclical and volatile fiscal policy and economic growth in Ecuador, period 2000 – 2015". Which general objective is to demonstrate the effect of procyclical and volatile fiscal policy on Ecuador's economic growth during the period 2000 – 2015. The study population is the country and its variables that make up fiscal policy and economic growth. Using an analytical methodology, treating data, and the equation of structural or cyclically adjusted equilibrium and econometric techniques. In addition, through the research results, it is concluded that: During the period 2000 – 2015, there has been a procyclical behavior reflected in a high elasticity coefficient of 3.48 points in the reaction of public expenditure against gross domestic product. And a volatility in fiscal policy, by lowering the economic growth rate from 4.4 (2007 – 2013) to 4.0 (2005 – 2015) by increasing the standard deviation from one period to another from 0.041 to 0.057 respectively, values within the range between 0.3 and 0.6 that establish studies on the subject. The calculation of the structural balance becomes a very useful tool, which serves to know the degree of uncertainty, the fiscal position and the economic situation of the country. Key words: Fiscal policy, Procyclicality, Volatility, Economic growth. |
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