Author: Norbert M. Fiess
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 34
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Book Description
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.
Author: Norbert M. Fiess
Publisher: World Bank Publications
ISBN:
Category : Agriculture
Languages : en
Pages : 36
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Book Description
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.
Author: Dorte Verner
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
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].
Author: Norbert M. Fiess
Publisher:
ISBN:
Category :
Languages : en
Pages : 29
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Book Description
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].
Author: Norbert M. Fiess
Publisher:
ISBN:
Category :
Languages : en
Pages : 18
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Book Description
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.
Author: Dorte Verner
Publisher: World Bank Publications
ISBN:
Category : Agriculture
Languages : en
Pages : 18
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Book Description
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.
Author: Vicente Fretes Cibils
Publisher: World Bank Publications
ISBN: 0821371452
Category : Business & Economics
Languages : en
Pages : 484
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Book Description
Ecuadorian society has overcome adversity with great determination over the past few years. Periodic economic crises, external shocks, and even natural disasters tested the country's ability to cope with difficulties. Despite these challenges, the country has maintained a forward looking perspective and has achieved some important goals. Economic stability in the last few years has ushered in a period of sustained economic growth. During this period several development indicators have improved, and several sectors of the economy have demonstrated the dynamism and entrepreneurship that is present in the Ecuadorian culture. Revisiting Ecuador's Economic and Social Agenda in an Evolving Landscape aims to provoke a lively discussion between the World Bank, the new Correa administration, and the entire country, in addressing the unresolved issues that require a thoughtful approach.
Author: Cristian Talesco
Publisher: Department of Applied Social Sciences - The Hong Kong Polytechnic University
ISBN: 9881641101
Category : Business & Economics
Languages : en
Pages : 412
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Book Description
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.
Author: Andres Solimano
Publisher: World Bank Publications
ISBN:
Category : Globalizacion
Languages : en
Pages : 36
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Book Description
Author: David Wheeler
Publisher: World Bank Publications
ISBN:
Category : Air
Languages : en
Pages : 30
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Book Description
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
