Fiscal deficit and economic dynamics of Ecuador. Departure of progressivism and implementation of an economic program with the IMF

Abstract:

http://revistas.uta.edu.ec/erevista/index.php/bcoyu/article/view/841 The aim of this article is to analyze the main characteristics of Ecuador's fiscal deficit and the application of an International Monetary Fund program. This alternative would put an end to the distributive and bkp_redistributive growth model implemented for 10 years by the government of Rafael Correa. The main argument is that macroeconomic adjustment is inevitable, due to the strong conditions of fiscal unsustainability. The governmental proposal intends to launch a new model of transition growth, based on fiscal adjustment; private investment in replacement of public investment; promotion of non-oil exports; the low intervention of the Central Bank of Ecuador in the monetary-financial areas; and a strong process of labor market liberalization. Keywords: Fiscal policy; economic growth; Ecuadorian economy. URL: http://revistas.uta.edu.ec/erevista/index.php/bcoyu/article/view/841

Año de publicación:

2020

Keywords:

Fuente:

rraae