Economics, Econometrics and Finance
4 years ago

Oil revenue shocks drive Ecuador's economy, impacting output and vulnerability.

RePEc: Research Papers in Economics
Good Luck or Good Policy? An Analysis of the Effects of Oil Revenue and Fiscal Policy Shocks: The Case of Ecuador
Freddy García-Albán, Manuel González‐Astudillo, Cristhian Vera-Albán

Paper Summary

The article analyzes how changes in government spending and oil revenue impact Ecuador's economy. Expansive fiscal policies like taxes and government investment boost output, while government consumption spending doesn't have a big effect. Oil revenue shocks play a significant role in affecting all economic variables, showing how vulnerable Ecuador is to fluctuations in oil revenues.

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