Crecimiento economico e inversion extranjera directa en Ecuador, periodo 2000-2020.

Abstract

The relationship between foreign direct investment and economic growth, as well as private investment, are indicators of interest to economic analysts because these variables are considered an important source of financing for countries that are in the process of development, with the purpose of reactivating the economy through the acquisition of technology, in order to improve production processes and at the same time increase the training of human talent. The objective of this descriptive study is to analyze the incidence of foreign direct investment and gross fixed capital formation variables as a function of Ecuador's gross domestic product, through an equilibrium analysis in the long and short term during the period 2000-2020. For this purpose, an econometric model of cointegration and error correction mechanism was developed through an autocorrelation analysis in time series using STATA 15 statistical software. The results showed cointegration in the short and long term between the variable gross fixed capital formation and gross domestic product, in addition, foreign direct investment presented an equilibrium relationship in the long term as a function of economic growth, concluding that foreign direct investment has a moderate contribution but is not so influential to the country's economic growth.