LAS FLUCTUACIONES DEL PRECIO DEL PETRÓLEO Y SU IMPACTO EN EL CRECIMIENTO ECONÓMICO DEL ECUADOR, PERÍODO, 2000 – 2014

The growth of the Ecuadorian economy has been subject to changes in oil prices worldwide, because the General State Budget has relied heavily on oil over the past forty years. In this context, I proposed this research entitled "The fluctuations of oil prices and its impact on economic growth of Ecuador, period 2000-2014". The overall objective was to determine the fluctuations in oil prices, through a historicaldescriptive study, in order to establish their impact on economic growth in Ecuador. The analytical method used is descriptive. Besides the economic model of Stiglitz theory linking economic growth with non-renewable resources. Secondary information is required ec taken from the database of the Central Bank of Ecuador, Secretary of Hydrocarbons, World Bank and Petroecuador. It is concluded that the price of oil and the Gross Domestic Product (GDP) in currency values have a positive relationship, in addition to running the model of Stiglitz to the case of Ecuador, it is determined that consumption rates and oil prices have and it is statistically significant as factors that determine the rate of production growth ratios, while other control variables (rate of public expenditure growth rate of trade balance, growth rate of oil revenues) that were included in the model does not affect GDP Keywords: Stiglitz model, oil prices, Ecuador, growth rate.

• Main Author: Sarango Figueroa, María José (author)
• Format: bachelorThesis
• Language: spa
• Published: 2016
• Subjects: ECONOMIA; FLUCTUACIONES PRECIO PETRÓLEO IMPACTO; CRECIMIENTO ECONÓMICO; ECUADOR, PERÍODO 2000 - 2014
• Online Access: http://dspace.unl.edu.ec/jspui/handle/123456789/10959