2017-05-11
governance, oil price, and economic growth: the case of ecuador
Publication
Publication
Ecuador is a developing country that faces an economic and financial crisis every time the price of oil falls. Therefore, determining the variables that have an impact on economic growth is of a high importance. Prior studies show that governance and inequality influence economic growth. By using a vector autoregressive model, the main goal of this research is to analyze the effect of the price of oil and governance on economic growth. The findings show governance has a positive effect on GDP but it is not of a huge magnitude. On the other hand, in the case of oil exporting countries, a positive shock in the oil price leads a negative and significant effect on GDP.
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Swank, J. | |
hdl.handle.net/2105/37893 | |
Business Economics | |
Organisation | Erasmus School of Economics |
Guerrero Martínez, Karina. (2017, May 11). governance, oil price, and economic growth: the case of ecuador. Business Economics. Retrieved from http://hdl.handle.net/2105/37893
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