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

Year 2017, Volume: 7 Issue: 3, 9 - 13, 01.09.2017

Jesser Roberto Paladines Amaiquema

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

Year 2017, Volume: 7 Issue: 3, 9 - 13, 01.09.2017

Jesser Roberto Paladines Amaiquema

Abstract

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Details

Other ID JA88RK77FU
Journal Section Research Article
Authors

Jesser Roberto Paladines Amaiquema This is me

Publication Date September 1, 2017
Published in Issue Year 2017 Volume: 7 Issue: 3

Cite

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.
AMA Amaiquema JRP. Is Ecuador Real Gross Domestic Product per Capita and Other Macroeconomic Variables Cointegrated? An Autoregressive Distribution Lag Bound Test Approach. IJEFI. September 2017;7(3):9-13.
Chicago 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, no. 3 (September 2017): 9-13.
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 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, 2017.
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 2017), 9-13.
JAMA 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, 2017, pp. 9-13.
Vancouver 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.