Intersectoral Dynamics And Economic Growth In Ecuador

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Intersectoral Dynamics And Economic Growth In Ecuador

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Author : Norbert M. Fiess
language : en
Publisher: World Bank Publications
Release Date :

Intersectoral Dynamics And Economic Growth In Ecuador written by Norbert M. Fiess and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.

The authors analyze sectoral growth in Ecuador using multivariate cointegration 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. Their findings suggest that more attention should be paid to interdependencies in sectoral growth, since an improved understanding of intersectoral dynamics may facilitate the implementation of policy aimed at increasing economic growth in Ecuador--Summary.

Intersectoral Dynamics And Economic Growth In Ecuador

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Author : Norbert M. Fiess
language : en
Publisher: World Bank Publications
Release Date : 2001

Intersectoral Dynamics And Economic Growth In Ecuador written by Norbert M. Fiess and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Agriculture categories.

The authors analyze sectoral growth in Ecuador using multivariate cointegration 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. Their findings suggest that more attention should be paid to interdependencies in sectoral growth, since an improved understanding of intersectoral dynamics may facilitate the implementation of policy aimed at increasing economic growth in Ecuador--Summary.

Intersectoral Dynamics And Economic Growth In Ecuador

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Author : Dorte Verner
language : en
Publisher:
Release Date : 1999

Intersectoral Dynamics And Economic Growth In Ecuador written by Dorte Verner and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with categories.

January 2001 The frequent recommen--dation to exclude the oil sector from economic analysis may be short-sighted, as adverse shocks to the oil industry are likely to affect other sectors through the financial and public sectors, with which the oil sector has many links. There are also significant long-run relationships between the agricultural, industrial, and service sectors. Fiess and Verner analyze sectoral growth in Ecuador using multivariate cointegration 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 they disaggregate the three sectors into their intrasectoral components, they discover many interesting relationships that contribute to a better understanding of inter- and intrasectoral dynamics in the context of Ecuadorian economic growth. Their findings suggest that more attention should be paid to interdependencies in sectoral growth, since an improved understanding of intersectoral 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 cointegration 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 sector cannot be excluded from intersectoral growth analysis, because an adverse shock to the oil industry is likely to affect other sectors through the financial sector, the public sector, or both. This paper--a product of the Economic Policy Sector Unit, Latin America and the Caribbean Region--is part of a larger effort in the region to investigate intersec-toral growth dynamics. The authors may be contacted at [email protected] or [email protected].

Intersectoral Dynamics And Economic Growth In Ecuador

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Author : Norbert M. Fiess
language : en
Publisher:
Release Date : 2016

Intersectoral Dynamics And Economic Growth In Ecuador written by Norbert M. Fiess and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.

The frequent recommendation to exclude the oil sector from economic analysis may be short-sighted, as adverse shocks to the oil industry are likely to affect other sectors through the financial and public sectors, with which the oil sector has many links. There are also significant long-run relationships between the agricultural, industrial, and service sectors.Fiess and Verner analyze sectoral growth in Ecuador using multivariate cointegration 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 they disaggregate the three sectors into their intrasectoral components, they discover many interesting relationships that contribute to a better understanding of inter- and intrasectoral dynamics in the context of Ecuadorian economic growth.Their findings suggest that more attention should be paid to interdependencies in sectoral growth, since an improved understanding of intersectoral 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 cointegration 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 sector cannot be excluded from intersectoral growth analysis, because an adverse shock to the oil industry is likely to affect other sectors through the financial sector, the public sector, or both.This paper - a product of the Economic Policy Sector Unit, Latin America and the Caribbean Region - is part of a larger effort in the region to investigate intersec-toral growth dynamics. The authors may be contacted at [email protected] or [email protected].

Oil Agriculture And The Public Sector

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Author : Norbert M. Fiess
language : en
Publisher:
Release Date : 2016

Oil Agriculture And The Public Sector written by Norbert M. Fiess and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.

In a recent paper, Fiess and Verner (2000) analyze sectoral growth in Ecuador and find significant long-run and short-run relationships between the agricultural, industrial, and service sectors. They take this as evidence against the dual economy model which rules out a long-run relationship between agricultural and industrial output and show further that a more detailed picture of the growth process can be discovered, once the agricultural, industrial, and service sectors are disaggregated further into intrasector components. Fiess and Verner extend their initial results and provide insight from a multivariate cointegration analysis of intrasector components. They are able to identify three cointegrating relationships, each of which has its own meaningful economic interpretation - two cointegration relationships capture the direct and indirect effects of the quot;petrolizationquot; of the Ecuadorian economy. A third relationship clearly indicates a link between agriculture and industrial activity. Since this third cointegrating relationship seems to coincide in time with the trade liberalization at the end of the 1980s, promoting agriculture appears to be an important way to promote sustainable economic growth in Ecuador.This paper - a product of the Office of the Chief Economist and the Economic Policy Sector Unit, Latin America and the Caribbean Region - is part of a larger effort in the region to better understand intersectoral growth dynamics.

Oil Agriculture And The Public Sector

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Author : Dorte Verner
language : en
Publisher: World Bank Publications
Release Date : 2003

Oil Agriculture And The Public Sector written by Dorte Verner and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Agriculture categories.

In a recent paper, Fiess and Verner (2000) analyze sectoral growth in Ecuador and find significant long-run and short-run relationships between the agricultural, industrial, and service sectors. They take this as evidence against the dual economy model which rules out a long-run relationship between agricultural and industrial output and show further that a more detailed picture of the growth process can be discovered, once the agricultural, industrial, and service sectors are disaggregated further into intrasector components. Fiess and Verner extend their initial results and provide insight from a multivariate cointegration analysis of intrasector components. They are able to identify three cointegrating relationships, each of which has its own meaningful economic interpretation--two cointegration relationships capture the direct and indirect effects of the "petrolization" of the Ecuadorian economy. A third relationship clearly indicates a link between agriculture and industrial activity. Since this third cointegrating relationship seems to coincide in time with the trade liberalization at the end of the 1980s, promoting agriculture appears to be an important way to promote sustainable economic growth in Ecuador. This paper--a product of the Office of the Chief Economist and the Economic Policy Sector Unit, Latin America and the Caribbean Region--is part of a larger effort in the region to better understand intersectoral growth dynamics.

Development What Now Past Present And Future Challenges In International Development

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Author : Cristian Talesco
language : en
Publisher: Department of Applied Social Sciences - The Hong Kong Polytechnic University
Release Date : 2016-06-15

Development What Now Past Present And Future Challenges In International Development written by Cristian Talesco and has been published by Department of Applied Social Sciences - The Hong Kong Polytechnic University this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-06-15 with Business & Economics categories.

This edited volume on international development is a collection of papers presented at the international postgraduate conference “Development: What Now?” in Hong Kong from the 9th to 11th October 2014. With the support of the Postgraduate Students Conference Grant of the Research Grants Council of Hong Kong, this conference was organised by the Department of Applied Social Science of the Hong Kong Polytechnic University. The conference aimed to contribute in answering the vital question for the future of development studies: “What Now?” The conference explored some of the past, present and future challenges in international development. It was a grand success attracting over 60 participants from Germany, Indonesia, Canada, Italy, India, Poland, China, Malaysia, Vietnam, Australia, Nigeria, Singapore, Thailand, Brazil, the UK and Hong Kong. The participants presented their research papers on ten major themes. These included (1) Empowering People, Climate Change and Education; (2) Poverty Reduction; (3) Gender Studies; (4) Human Rights, Environment and Wellbeing; (5) Foreign Aid and Development Cooperation; (6) Security and Transnationality; (7) Economic Development; (8) Urban and Rural Development; (9) Governance, Diplomacy and Health in Development; (10) Sociology and Diversity in Psychology, Literature and Advertising. The highlights of the conference were the two defining speeches delivered by Emeritus Professor Robert J. Holton of Trinity College Dublin and The University of South Australia, and Professor Damien Kingsbury of Deakin University, Australia. These two keynote speeches, together with other outstanding conference papers, have been selected and published in this volume.

Can Reforming Global Institutions Help Developing Countries Share More In The Benefits From Globalization

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Author : Andres Solimano
language : en
Publisher: World Bank Publications
Release Date : 1997

Can Reforming Global Institutions Help Developing Countries Share More In The Benefits From Globalization written by Andres Solimano and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Globalizacion categories.

The Effect Of International Monetary Fund And World Bank Programs On Poverty

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Author : William Easterly
language : en
Publisher: World Bank Publications
Release Date : 2001

The Effect Of International Monetary Fund And World Bank Programs On Poverty written by William Easterly and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Banco Mundial categories.

There is some evidence that IMF and World Bank adjustment lending smooths consumption for the poor, reducing the rise in poverty for any given contraction of the economy but also reducing the fall in poverty for any given expansion. Adjustment lending plays a similar role as inequality, reducing poverty's sensitivity to the economy's aggregate growth rate.

Racing To The Bottom

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Author : David Wheeler
language : en
Publisher: World Bank Publications
Release Date : 2001

Racing To The Bottom written by David Wheeler and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Air categories.

Critics of free trade have raised the specter of a "race to the bottom" in which environmental standards collapse because polluters threaten to relocate to "pollution havens" in the developing world. The flaw in the race-to-the-bottom model is that its basic assumptions misrepresent the political economy of pollution control in developing countries