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Intersectoral Dynamics and Economic Growth in Ecuador

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dc.contributor.author Fiess, Norbert M.
dc.contributor.author Verner, Dorte
dc.date.accessioned 2014-08-26T20:06:45Z
dc.date.available 2014-08-26T20:06:45Z
dc.date.issued 2001-01
dc.identifier.uri http://hdl.handle.net/10986/19715
dc.description.abstract The authors analyze sectoral growth in Ecuador, using multivariate co-integration analysis. They find significant long-run relationships between the agricultural, industrial, and service sectors. Moreover, they are able to derive dynamic sector models that combine the short-run links between the three sectors with long-run dynamics. When disaggregate the three sectors into their intra-sectoral components, they discover many interesting relationships that contribute to a better understanding of inter- and intra-sectoral dynamics in the context of Ecuadorian economic growth. Their findings suggest that more attention should be paid to inter-dependencies in sectoral growth, since an improved understanding of inter-sectoral dynamics may facilitate the implementation of policy aimed at increasing economic growth in Ecuador. There appears to be no direct link between the oil sector, and the non-oil industrial sectors. But strong evidence supports co-integration between the oil industry, and financial services, as well as between the oil industry, and public services. This means, among other things, that the oil industry is likely to affect other sectors through the financial sector, the public sector, or both. en
dc.language English
dc.language.iso en_US
dc.publisher World Bank, Washington, DC
dc.relation.ispartofseries Policy Research Working Paper;No. 2514
dc.rights CC BY 3.0 IGO
dc.rights.uri http://creativecommons.org/licenses/by/3.0/igo/
dc.subject GROWTH PROCESS
dc.subject OIL RESERVES
dc.subject ECONOMIC POLICY
dc.subject KURTOSIS
dc.subject HYPOTHESES
dc.subject WEALTH
dc.subject TIME SERIES
dc.subject FISHING
dc.subject DATA ANALYSIS
dc.subject PRODUCTIVITY
dc.subject MANUFACTURING SECTOR
dc.subject MATRICES
dc.subject SERVICE SECTOR
dc.subject MODEL SPECIFICATIONS
dc.subject RELATIVE IMPORTANCE
dc.subject DEBT
dc.subject MULTIVARIATE ANALYSIS
dc.subject OUTLIERS
dc.subject DUAL ECONOMY
dc.subject CALCULATION
dc.subject AUTOCORRELATION
dc.subject POLICY MAKERS
dc.subject EMPIRICAL EVIDENCE
dc.subject DATA SET
dc.subject PUBLIC SERVICE
dc.subject DEVELOPING COUNTRIES
dc.subject EQUILIBRIUM
dc.subject POLICY RESEARCH
dc.subject FOOD PROCESSING
dc.subject LONG RUN
dc.subject REAL GDP
dc.subject FINANCIAL SECTOR
dc.subject ECONOMIC GROWTH
dc.subject GROWTH EFFECT
dc.subject OIL
dc.subject EMPIRICAL ANALYSIS
dc.subject EQUATIONS
dc.subject 0 HYPOTHESIS
dc.subject ECONOMIC SECTORS
dc.subject COINTEGRATION
dc.subject AGRICULTURE
dc.subject GRANGER CAUSALITY
dc.subject NATURAL RESOURCES
dc.subject SHORT-RUN GROWTH
dc.subject CAPITAL FLOWS
dc.subject DEVELOPMENT STRATEGIES
dc.subject ECONOMIC ANALYSES
dc.subject GDP
dc.subject EMPIRICAL GROWTH LITERATURE
dc.subject INCOME
dc.subject EMPIRICAL WORK
dc.subject RANDOM ERRORS
dc.subject GROWTH MODEL
dc.subject MACROECONOMIC INSTABILITY
dc.subject CAPITAL GOODS
dc.subject ENDOGENOUS VARIABLES
dc.subject OIL SECTOR
dc.subject INTEREST RATES
dc.subject MATRIX
dc.subject GROWTH EQUATION
dc.subject INTERMEDIATE GOODS
dc.subject AGRICULTURAL SECTOR
dc.subject VALUE ADDED
dc.subject FINANCIAL SERVICES
dc.subject INDUSTRIAL SECTOR
dc.subject SKEWNESS
dc.subject AGRICULTURAL INTENSIFICATION
dc.subject EXPORTS
dc.subject ECONOMIC INTEGRATION
dc.subject PUBLIC SERVICES
dc.subject ECONOMIC ANALYSIS
dc.subject FUTURE RESEARCH
dc.subject PUBLIC SECTOR
dc.subject DIRECT IMPACT
dc.subject INCREASED DEMAND
dc.subject EXPORT DIVERSIFICATION
dc.subject ECONOMIC DEVELOPMENT
dc.subject GROWTH THEORY
dc.title Intersectoral Dynamics and Economic Growth in Ecuador en


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