Reducción del gasto público y su efecto en el producto interno bruto, Ecuador (2000-2017).

Abstract

The present research study studies public spending from its classical theories of Wagner's law and the Keynesian theory to economic growth and reduction measures, whose purpose is to analyze the economic evolution of Ecuador based on the Gross Domestic Product during the period 2000-2017 in relation to public expenditure, considering its components; Subsequently, it is intended to examine the measures that will be implemented to reduce public spending. The data obtained for the study were collected from the Central Bank of Ecuador and the design of the methodology used is quantitative, whose econometric model is multiple linear regression and correlation using the StataIC 14 program. The dependent variable is GDP and the independent variables are consumption, investment, public spending, exports and imports. The results achieved indicate that there is a positive relationship between GDP and public spending, and it is logical, since it is a macroeconomic variable that makes up the GDP. The measures that will be implemented to reduce public spending are analyzed according to the needs of the population and it is intended to know the positive or negative repercussions that it will have on the State.