El sector inmobiliario del Ecuador. Análisis de su concentración económica en el periodo 2010-2018.

Abstract

The main objective of this investigation is to measure the concentration of the Ecuadorian real estate market in the fiscal period 2010-2018. Based on the theoretical framework, it was determined that the variables that affect market concentration are the income obtained by the companies. In the same sense, the calculation of the Herfindahl-Hirschman Concentration Index (IHH) and concentration ratios (CR) was carried out to know how concentrated this sector is. In this way, the HHI was situated between 66 and 128 points during the analyzed period. With respect to CR4, it was between 11% to 17.7% and CR8 was between 20% and 27%. Thus, based on the results obtained, it was determined that the real estate sector is very competitive, and it had a low level of concentration. However, the result could be different if one takes into consideration that large economic groups have or control more than one company in this sector. On the other hand, according to the results obtained from employment in the sector; The most important thing was that the real estate sector had a staff increase of 19.8% during the studied period. In addition, micro-enterprises in the sector hired 52% of the total employees in the sector. Apart from that, the real estate sector obtained a decrease of 2.12% in terms of the income obtained during the analyzed period. In conclusion, based on the results, recommendations were established to control the increase in the concentration of the Ecuadorian real estate market.