Análisis de la relación entre el precio del petróleo y el gasto de inversiones del gobierno en el periodo del 2007 al 2016.

Abstract

This investigation paper is a proposal analysis of the correlation between government spending used for investments and oil price to see if the raise in spending is due to an efficient administration of resources or just a consequence of higher revenue in oil sale. For this, a summary of Rafael Correa´s actions in government was done, from the first to his third term in office. The main economic and development indexes of Ecuador were also be covered. These include poverty reduction, employment and economic growth during the ten years Correa was in charge as well as his spending policies towards health, education and infrastructure. There´s also a brief analysis on the history of oil in Ecuador, the way the state´s general budget has been affected by the variations of its price, and the possible reasons for this decrease in the last years. As a result of this investigation, it’s possible to determine a coefficient of correlation between both variables and analyze possible ways to leave the oil dependence and achieve new ways to generate economic growth and development in the country.