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- Title
LA VOLATIDAD DEL PRECIO DEL PETRÓLEO: SUS EFECTOS EN LA ECONOMÍA ECUATORIANA EN LA ÚLTIMA DÉCADA.
- Authors
Jurado Parra, Claudia Beatriz; Bejarano Copo, Holger Fabrizzio; Salcedo Muñoz, Virgilio Eduardo; Maldonado, Marco Sánchez
- Abstract
The energy market worldwide has presented sudden changes in the international price of a barrel of oil, generating unexpectedly severe economic and social consequences. This event has affected the Ecuadorian economy turning the country into one of the key issues of 2016 due the direct impact of this crisis on tax revenue, for this reason, this research paper concisely describes the effects of the international price of a barrel of oil in the main macroeconomic variables for the period 2000-2015. To reach this objective the functional relationship of oil price with the trade balance, GDP and the General State Budget is studied. The simple linear regression methodology in conjunction with the STATA12.0 econometric program was used. The results indicate that the oil price has a close relationship with the variables under study.
- Publication
3C Empresa, 2017, Vol 6, Issue 2, p33
- ISSN
2254-3376
- Publication type
Article
- DOI
10.17993/3cemp.2017.060230.33-45