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Economic growth in Ecuador provided by dollarization
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.
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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)
Free markets and free governments in Latin America
Title
Free markets and free governments in Latin America.
Creator
Rossknecht, Timothy L., Harriet L. Wilkes Honors College
Abstract/Description
Latin America has undergone a "third wave" of democratization and free market economic reforms, known as "neoliberalism." Neoliberalism radically altered what had been statist or corporatist economic systems, under austere programs that mandated deregulation, privatization, currency devaluation, and the elimination of protective tariffs and subsidies. Seventeen Latin American nations were examined in the aggregate, comparing levels of economic reform with measures of political and civil...
Show moreLatin America has undergone a "third wave" of democratization and free market economic reforms, known as "neoliberalism." Neoliberalism radically altered what had been statist or corporatist economic systems, under austere programs that mandated deregulation, privatization, currency devaluation, and the elimination of protective tariffs and subsidies. Seventeen Latin American nations were examined in the aggregate, comparing levels of economic reform with measures of political and civil rights and freedoms, poverty, inequality, and popular support for democratic institutions and practices. The tests were repeated within two in-depth case studies, Argentina and Mexico. In all three cases, neoliberalism was statistically linked with increased political rights and freedom, but failed to improve levels of poverty and inequality, and was shown to be partially responsible for downturns in popular support for democratic institutions (i.e. Parliament) and practices (i.e. labor unions, legal protests).
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Date Issued
2006
PURL
http://purl.flvc.org/FAU/11582
Subject Headings
Neoliberalism, Latin America, Economic conditions, Economic stabilization, Social aspects, Democratization, History
Format
Document (PDF)
impact of the informal economic GDP growth in Latin America and the Caribbean
Title
The impact of the informal economic GDP growth in Latin America and the Caribbean.
Creator
Wedderburn, Chantal., College of Business, Department of Economics
Abstract/Description
The informal, underground or shadow economy is a significant, growing force throughout Latin America and the Caribbean, contributing to overall output, yet diminishing productivity, congesting public services, and depriving developing nations of potential fiscal revenues. This paper discusses the various definitions and methods of measurement of the informal sector, with the aim of showing the importance of collecting taxes in informal economies. Informal economy participants engage in tax...
Show moreThe informal, underground or shadow economy is a significant, growing force throughout Latin America and the Caribbean, contributing to overall output, yet diminishing productivity, congesting public services, and depriving developing nations of potential fiscal revenues. This paper discusses the various definitions and methods of measurement of the informal sector, with the aim of showing the importance of collecting taxes in informal economies. Informal economy participants engage in tax evasion and avoidance of governmental regulations, therefore the implications of excessive tax burdens and onerous bureaucracy are studied, with a focus on their impact on GDP growth. Informal sector enterprises can greatly contribute to the official, recorded GDP measures if they have significant incentives to joining the formal sector. These incentives are presented and must be considered seriously by policymakers concerned with capturing additional tax revenues and improving economic growth in their nations.
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Date Issued
2009
PURL
http://purl.flvc.org/FAU/186773
Subject Headings
Gross domestic product, Gross domestic product, International economic relations, Economic conditions, Economic conditions
Format
Document (PDF)