Who pays the debt? On the sustainability of the Ecuadorian economy for future generations

Authors

Bob Traa
DOI: https://doi.org/10.18272/USFQPRESS.m60

Keywords:

economic challenge, Ecuador, oil, economy

Synopsis

Ecuador faces challenges in its economy time and time again. But it does not have to be this way. Ecuador is a rich country, yet oil resources are not managed for the long-term stability and well-being of its citizens. Economic policy is pro-cyclical, which means that when oil revenues come in, they are quickly spent.

Chapters

  • Economy and population: past, present and future
  • The economically active population, employment and unemployment
  • Productivity
  • Ecuador's real potential GDP
  • Prospects for inflation and nominal GDP
  • Structural economic policy
  • Cyclical economic policy
  • Thoughts on public debt
  • Simulation of tax operations
  • Oil reserves, oil production and oil revenues and oil revenues
  • Non-oil fiscal operations
  • Public sector investment expenditures and public sector capital stock
  • Old age and the Social Security System
  • A passive projection of the long-term fiscal position
  • Oil resource flows are NOT budget revenues but sources of financing for fiscal deficits
  • Public sector balance sheet

Downloads

Fragment

Published

October 20, 2020

Series

Elementos de Economía

Categories

Copyright (c) 2020 USFQ PRESS

Details about this monograph

ISBN-13 (15)

978-9978-68-168-8