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Déficit fiscal y dinámica económica del Ecuador. Salida del progresismo e implementación de un programa económico con el FMI
[Fiscal deficit and economic dynamics in Ecuador. The shift away from progressivism and the implementation of an economic program with the IMF]

Author

Listed:
  • García Álvarez, Santiago

Abstract

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 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.

Suggested Citation

  • García Álvarez, Santiago, 2019. "Déficit fiscal y dinámica económica del Ecuador. Salida del progresismo e implementación de un programa económico con el FMI [Fiscal deficit and economic dynamics in Ecuador. The shift away from progressivism and the implementation of an economic ," MPRA Paper 129463, University Library of Munich, Germany, revised 20 May 2019.
    • Handle: RePEc:pra:mprapa:129463
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    File URL: https://mpra.ub.uni-muenchen.de/129463/1/MPRA_paper_129463.pdf
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    References listed on IDEAS

    as
    1. Marc Lavoie, 2009. "Introduction to Post-Keynesian Economics," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-23548-9, April.
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    Cited by:

    1. Enríquez Pérez, Isaac & García Álvarez, Santiago, 2023. "Sociedad, Estado y mercado en la era post-pandémica: imaginando un nuevo pacto social para Ecuador y México [Society, State and market in the post-pandemic: a new social pact for Ecuador and Mexico]," MPRA Paper 129462, University Library of Munich, Germany, revised 19 Dec 2023.

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    More about this item

    Keywords

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    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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