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Hechos Estilizados de la Economía Ecuatoriana: El Ciclo Económico 1965-2008
[Stylized Facts of the Ecuadorian Economy: The Economic Chicle 1965-2008]

Author

Listed:
  • Gachet, Ivan
  • Maldonado, Diego
  • Oliva, Nicolas
  • Ramirez, Jose

Abstract

This paper presents some short-term and long term stylized facts of the Ecuadorian economy, and gives a brief explanation of the circumstances under which these empirical regularities developed. To do so, we analyze macroeconomic aggregates from the real and fiscal sectors, and examine price variables in relation to the economic cycle. It is difficult have a high quality quarterly series in real terms for all variables so we use both quarterly and monthly time series. In the case of monthly data, we make use of the Index of Economic Activity (IDEAC, Spanish acronym) as a proxy for the GDP. The ultimate goal of this paper is to identify the interrelation of key macroeconomic variables and to lay down the empirical basis for the development of dynamic models consistent with the behavior of the Ecuadorian economy.

Suggested Citation

  • Gachet, Ivan & Maldonado, Diego & Oliva, Nicolas & Ramirez, Jose, 2011. "Hechos Estilizados de la Economía Ecuatoriana: El Ciclo Económico 1965-2008 [Stylized Facts of the Ecuadorian Economy: The Economic Chicle 1965-2008]," MPRA Paper 30280, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:30280
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    References listed on IDEAS

    as
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    14. Gachet, Ivan & Maldonado, Diego & Pérez, Wilson, 2008. "Determinantes de la Inflación en una Economía Dolarizada: El Caso Ecuatoriano [Determinants of Inflation in a Dollarized Economy: The Case of Ecuador]," MPRA Paper 17101, University Library of Munich, Germany.
    15. Long, John B, Jr & Plosser, Charles I, 1983. "Real Business Cycles," Journal of Political Economy, University of Chicago Press, vol. 91(1), pages 39-69, February.
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    18. Gachet, Ivan & Girjalva, Diego & Rivadeneira, Ana & Uribe, Carlos, 2007. "Un Marco de Consistencia Macroeconómica para la Economía Ecuatoriana: Un Regreso a los Fundamentos [Macroeconomic Consistency Framework for the Ecuadorian Economy: Getting Back to Fundamentals]," MPRA Paper 16799, University Library of Munich, Germany.
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    Cited by:

    1. Ivan Gachet & Diego F. Grijalva & Paúl A. Ponce & Damián Rodríguez, 2019. "Vertical and Horizontal Inequality in Ecuador: The Lack of Sustainability," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 145(3), pages 861-900, October.
    2. Carrillo, Paul A., 2010. "“Modelo Dinámico para Análisis y Pronóstico del Producto Interno Bruto”: Un Enfoque Fiscal Aplicando un Modelo SVAR [Dynamic Model for Analysis and Forecast of Gross Domestic Product': A Fiscal App," MPRA Paper 32005, University Library of Munich, Germany.
    3. Ivan Gachet & Diego F. Grijalva & Paúl A. Ponce & Damián Rodríguez, 2019. "Vertical and Horizontal Inequality in Ecuador: The Lack of Sustainability," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 145(3), pages 861-900, October.
    4. Carrillo, Paul A., 2010. "Efectos Macroeconómicos de la Política Fiscal en Ecuador 1993-2009 [Macroeconomic Effects of Fiscal Policy in Ecuador 1993-2009]," MPRA Paper 34436, University Library of Munich, Germany, revised Oct 2011.

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    More about this item

    Keywords

    Hechos Estilizados; Ciclos Económicos; Filtro Hodrick y Prescott; Ecuador;
    All these keywords.

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles

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