Impacto de exportaciones primarias en el crecimiento económico del Ecuador: análisis econométrico desde Cobb Douglas, periodo 2000-2017.

Abstract

The exports of a country represent countless benefits, such as the entry of foreign exchange, creation of employment sources, cost reduction, international participation, among others. For Ecuador, primary exports are the basis of the economy, so we thought it important to carry out an analysis of the 2000-2017 period based on the Cobb Douglas econometric model. The elasticities of the three main export products of Ecuador indicate that the greatest contribution in elastic expressions in the period taken for the analysis was the banana (second most important item in total exports), which generated approximately one percentage point for each percentage point. wealth increase towards GDP of 0.16%. It was also known that when measuring the returns of scales of the three primary export products taken in this article (crude oil, bananas and shrimp) for the economic growth of Ecuador from the perspective of GDP, this resulted according to the properties of the Cobb Douglas production function, in a declining economy of scales, due to low productivity and innovation, a scenario that is repeated in most Latin American economies, whose export focus is based on commodities.