Current Search: Ecuador (x) » Salcedo-Saltos, Rosanna L. (x)
-
-
Title
-
Economic growth in Ecuador provided by dollarization.
-
Creator
-
Salcedo-Saltos, Rosanna L., Harriet L. Wilkes Honors College
-
Abstract/Description
-
In an attempt to reduce runaway inflation, the Ecuadorian government froze citizens' checking and savings accounts for a year in March 1999. Nevertheless, Ecuador still experienced hyperinflation later that year. On January 9, 2000, Ecuador established dollarization as a desperate attempt to restore confidence in the economy. In order to test for dollarization's impact on economic growth, I employ an econometrics model with total factor productivity as the dependent variable. I then use...
Show moreIn an attempt to reduce runaway inflation, the Ecuadorian government froze citizens' checking and savings accounts for a year in March 1999. Nevertheless, Ecuador still experienced hyperinflation later that year. On January 9, 2000, Ecuador established dollarization as a desperate attempt to restore confidence in the economy. In order to test for dollarization's impact on economic growth, I employ an econometrics model with total factor productivity as the dependent variable. I then use dollarization as the independent variable of interest, and other control variables such as oil, and trade. The results reported in this paper suggest that dollarization has a significant positive impact on Ecuador's economic growth.
Show less
-
Date Issued
-
2010
-
PURL
-
http://purl.flvc.org/FAU/3335454
-
Subject Headings
-
Monetary policy, Currency question, Dollar, American, Economic conditions, Economic conditions
-
Format
-
Document (PDF)
