Is Ecuador Real Gross Domestic Product per Capita and Other Macroeconomic Variables Cointegrated? An Autoregressive Distribution Lag Bound Test Approach

Jesser Roberto Paladines Amaiquema

EN

Is Ecuador Real Gross Domestic Product per Capita and Other Macroeconomic Variables Cointegrated? An Autoregressive Distribution Lag Bound Test Approach

Abstract

Ecuador is an oil exporter country but it is also an importer of oil derivatives products. In this research the relationship between its real gross domestic product (GDP) per capita and the oil price, gas price, inflation and total expenditure is studied, taking annual data of all from 1980 to 2015 by using the methodology of autoregressive distribution lag bound test. It is concluded it exists a long run relationship between variables and the speed of adjustment to any disequilibrium in the short run is corrected at an approximately rate of 85%. The model showed itself stable. In addition it was demonstrated that there is a causal relationship from all regressors selected except total expenditure to real GDP per capita according to the Toda-Yamamoto technique.

Keywords

Autoregressive Distribution Lag, Toda-Yamamoto, Ecuador

Details

Primary Language

English

Subjects

-

Journal Section

-

Authors

Jesser Roberto Paladines Amaiquema This is me

Publication Date

September 1, 2017

Submission Date

September 1, 2017

Acceptance Date

-

Published in Issue

Year 2017 Volume: 7 Number: 3

IZ

https://izlik.org/JA36FJ32DB

Cite

RIS / Bibtex

APA

Amaiquema, J. R. P. (2017). Is Ecuador Real Gross Domestic Product per Capita and Other Macroeconomic Variables Cointegrated? An Autoregressive Distribution Lag Bound Test Approach. International Journal of Economics and Financial Issues, 7(3), 9-13. https://izlik.org/JA36FJ32DB

AMA

1.Amaiquema JRP. Is Ecuador Real Gross Domestic Product per Capita and Other Macroeconomic Variables Cointegrated? An Autoregressive Distribution Lag Bound Test Approach. IJEFI. 2017;7(3):9-13. https://izlik.org/JA36FJ32DB

Chicago

Amaiquema, Jesser Roberto Paladines. 2017. “Is Ecuador Real Gross Domestic Product Per Capita and Other Macroeconomic Variables Cointegrated? An Autoregressive Distribution Lag Bound Test Approach”. International Journal of Economics and Financial Issues 7 (3): 9-13. https://izlik.org/JA36FJ32DB.

EndNote

Amaiquema JRP (September 1, 2017) Is Ecuador Real Gross Domestic Product per Capita and Other Macroeconomic Variables Cointegrated? An Autoregressive Distribution Lag Bound Test Approach. International Journal of Economics and Financial Issues 7 3 9–13.

IEEE

[1]J. R. P. Amaiquema, “Is Ecuador Real Gross Domestic Product per Capita and Other Macroeconomic Variables Cointegrated? An Autoregressive Distribution Lag Bound Test Approach”, IJEFI, vol. 7, no. 3, pp. 9–13, Sept. 2017, [Online]. Available: https://izlik.org/JA36FJ32DB

ISNAD

Amaiquema, Jesser Roberto Paladines. “Is Ecuador Real Gross Domestic Product Per Capita and Other Macroeconomic Variables Cointegrated? An Autoregressive Distribution Lag Bound Test Approach”. International Journal of Economics and Financial Issues 7/3 (September 1, 2017): 9-13. https://izlik.org/JA36FJ32DB.

JAMA

1.Amaiquema JRP. Is Ecuador Real Gross Domestic Product per Capita and Other Macroeconomic Variables Cointegrated? An Autoregressive Distribution Lag Bound Test Approach. IJEFI. 2017;7:9–13.

MLA

Amaiquema, Jesser Roberto Paladines. “Is Ecuador Real Gross Domestic Product Per Capita and Other Macroeconomic Variables Cointegrated? An Autoregressive Distribution Lag Bound Test Approach”. International Journal of Economics and Financial Issues, vol. 7, no. 3, Sept. 2017, pp. 9-13, https://izlik.org/JA36FJ32DB.

Vancouver

1.Jesser Roberto Paladines Amaiquema. Is Ecuador Real Gross Domestic Product per Capita and Other Macroeconomic Variables Cointegrated? An Autoregressive Distribution Lag Bound Test Approach. IJEFI [Internet]. 2017 Sep. 1;7(3):9-13. Available from: https://izlik.org/JA36FJ32DB