Fiscal sustainability and dollarization: the case of Ecuador

Cristo, María Lorena Marí del; Gómez‐Puig, Marta

doi:10.1080/00036846.2015.1114580

Cited by 7 publications

(3 citation statements)

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“…Very specific problems of economic policy, such as dollarization, are seen as a problem of "fiscal sustainability" [7]. With reference to the foreign sector of the economy, external sustainability is also required [8]. In the same way pension sustainability seeks to allow pensions to be maintained in the long run, just as the welfare state has to be sustainable in the long run, which in turn will require its own more general and complex rules [9].…”

Section: Introductionmentioning

confidence: 99%

The Concept of Sustainability on Social Media: A Social Listening Approach

2020

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The concept of sustainability has gone far beyond the issues of the sustainable management of natural and environmental resources. Nowadays, sustainability is part of the social sciences in a different way. The aim of this research was dual. Firstly, we analyzed the different contexts and areas of knowledge where this concept is used in society by using social listening on Twitter, one of the most popular social networks today. The sentiments of these conversations were rated to assess whether the feelings and perceptions of these conversations on the social network were positive or negative regarding the use of the concept. Also, we tested if these perceptions about the topic were attuned to other more formal fields, such as scientific research, or strategies followed nationally or internationally by agencies and organizations related to sustainability. The method used on this first part of the research consisted of an analysis of 15,000 tweets collected from Twitter using natural language processing (NLP) for clustering the main areas of knowledge of topics where the concept of sustainability was used, and the sentiment of these conversations on the social network. Secondly, we mapped the social network of users who generated or spread content regarding sustainability on Twitter within the period of observation. Social network analysis (SNA) focuses on the taxonomy of the network and its dynamics and identifies the most relevant players in terms of generation of conversation and also their referrers who spread their messages worldwide. For this purpose, we used Gephi, an open source software used for network analysis and visualization, that allows for the exploration and visualization of large networks of any kind, in depth. The findings of this research are new, not only because of the mix of technology and methods used for extracting data from Twitter and analyzing them from different perspectives, but also because they show that social listening is a powerful method for analyzing relevant social phenomena. Listening on social networks can be used more effectively than other more traditional processes to gather data that are more costly and time consuming and lack the momentum and spontaneity of digital conversations.

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Section: Introductionmentioning

confidence: 99%

The Concept of Sustainability on Social Media: A Social Listening Approach

2020

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“…Collecting the reflection of Mari del Cristo a different hypothesis emerges, this is that contrary to what Mari del Cristo (16) points out that the adjustment variable is tax or permanent income, We maintain that the adjustment variable is non-permanent expenditure or investment expenditure instead of tax revenue, if we consider the fiscal rule in force in Ecuador until 2020. It may be noted that the time at which permanent expenses (salaries, subsidies, services, etc.)…”

Section: Discussionmentioning

confidence: 90%

“…For their part, Marí del Cristo and Gomez Puig (16) unravel the dynamic relationship between fiscal variables and economic activity in Ecuador, finding that fiscal policy appears to be sustainable; such sustainability is explained by its policy of debt payments through oil revenues, rather than by a fiscal discipline that dollarization is supposedly feeding. So the variable tax revenue is only an adjustment variable.…”

Section: Introductionmentioning

confidence: 99%

Fiscal policy and economic performance in dollarized countries: El Salvador, Panama and Ecuador between 2000-2022

Xavier Dávalos-Gonzales

2023

World J. Adv. Res. Rev.

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This article seeks to determine the behaviour of fiscal policy indicators in dollarized countries during the period 2000-2022 and the impact of these indicators on economic growth in: Panama, El Salvador and Ecuador. It is considered that, although all three countries are governed by dollarization, however, the results in terms of economic performance are dissimilar. In the period analysed, two major crises were experienced, the one of the world "crack" of 2008 and the one of covid-19, which strongly impacted in 2009 and 2020, respectively. By means of the fixed effects panel data model and the elasticity calculation, having as a variable dependent on economic growth, the theoretical relevance and statistical significance in fiscal variables is evidenced, such as: total government expenditure and tax revenues; also in other macroeconomic sectors such as exports, imports, gross fixed capital formation, as well as the interest rate as a control variable. The results validate the theoretical background; the objective of fiscal sustainability in the dollarized countries studied must go hand in hand with the participation of the State, both in aggregate demand and in regulating the interest rate.

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