Constatación de la ley de Thirlwall en el Ecuador” periodo 1980 -2016

Abstract

The present objective of this work is to demonstrate compliance of Thirlwall law in the Ecuadorian Economy, between 1980 – 2016 with Bach information collected every three months. Whit this to demonstrate that the economy wouldn't have any growth on long term higher to the imposed growth by the balance of the external accounts, analyzed for this the effect that has in the balance of payment in the economic growth, and for this is used econometric techniques , that gives us the opportunity to prove a hypothesis is constant in time, cointegration; and by this way, analyze long term the balance rate of equilibrium that is consistent with the balance of payment, by the use of a calculation of income elasticity of import and export, gathering this way Ecuador present restricted rate with the balance of payments major to the effective growth rate long term., showing deficit in the current accounts.