Deuda externa y su influencia en la formación bruta de capital fijo pública y crecimiento del Ecuador. 2009 - 2015.

Abstract

The objective of this research is to analyze the influence of foreign debt in gross of fixed capital formation publish and growth of the Ecuador in 2009 to 2015. The approach that has been used for this research is descriptive and analytical, showing how through the years the Ecuador has gone through different administrations, where each one of them, has failed to exit completely the debt or at least to maintain a balance in the levels of debt. The instruments used were; system of simultaneous equations, where the debt variable has a linear and quadratic effect. Two specifications are established one having as endogenous variable to the growth of the economy and another with gross fixed capital formation, also examined compressive reading by several authors in different years. As a result of this research, the total external debt has a significant contribution in national production, however their relationship with growth is reverse, additionally found that this relationship becomes positive when it is subjected to maximize up to certain level; with reference to the Chinese credits managed to demonstrate their support in the creation of flow and a more participatory level in relation to the average of the bilateral debt; Finally the ratio of public external debt to gross fixed capital formation publish does not present greater significance statistics in the same periods of comparison.