Innovation for Productivity Growth in Ecuador: Unlocking Constraints through Horizontal and Cluster Development Policies
Over the last decade, Ecuador experienced inclusive growth fueled by a favorable external environment that financed a vast expansion of the public sector. The country is now facing severe external and fiscal challenges due to the significant extended fall in oil prices and the appreciation of the U....
Gespeichert in:
| Beteilige Person: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | Englisch |
| Veröffentlicht: |
Washington, D.C
The World Bank
2017
|
| Schriftenreihe: | General Economy, Macroeconomics, and Growth Study
|
| Links: | https://doi.org/10.1596/28295 |
| Zusammenfassung: | Over the last decade, Ecuador experienced inclusive growth fueled by a favorable external environment that financed a vast expansion of the public sector. The country is now facing severe external and fiscal challenges due to the significant extended fall in oil prices and the appreciation of the U.S. dollar. Since mid-2014, Ecuador has lost almost half of its merchandise export income due to the decline in oil prices. Oil revenues averaged 13.2 percent of GDP between 2011 and 2014 and one-third of total fiscal revenues. The fall in oil and other commodity prices on global markets has opened broad macroeconomic imbalances and exposed Ecuador's pre-existing vulnerabilities. As a fully dollarized economy with limited savings from the boom years, Ecuador cannot soften adjustment via a nominal depreciation or a drawdown of macroeconomic buffers. The strengthening of the U.S. dollar and the major currency depreciations in neighboring trading partners also place pressures on external competitiveness. Furthermore, access to foreign borrowing has become more limited. Consequently, the burden of the adjustment falls on fiscal and income policies |
| Umfang: | 1 Online-Ressource |
| DOI: | 10.1596/28295 |
Internformat
MARC
| LEADER | 00000nam a2200000zc 4500 | ||
|---|---|---|---|
| 001 | BV048268634 | ||
| 003 | DE-604 | ||
| 005 | 00000000000000.0 | ||
| 007 | cr|uuu---uuuuu | ||
| 008 | 220609s2017 xx o|||| 00||| eng d | ||
| 024 | 7 | |a 10.1596/28295 |2 doi | |
| 035 | |a (ZDB-1-WBA)NLM010458662 | ||
| 035 | |a (OCoLC)1334030548 | ||
| 035 | |a (DE-599)GBVNLM010458662 | ||
| 040 | |a DE-604 |b ger |e rda | ||
| 041 | 0 | |a eng | |
| 049 | |a DE-12 |a DE-521 |a DE-573 |a DE-523 |a DE-Re13 |a DE-19 |a DE-355 |a DE-703 |a DE-91 |a DE-706 |a DE-29 |a DE-M347 |a DE-473 |a DE-824 |a DE-20 |a DE-739 |a DE-1043 |a DE-863 |a DE-862 | ||
| 100 | 1 | |a Rubalcaba Bermejo, Luis |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Innovation for Productivity Growth in Ecuador |b Unlocking Constraints through Horizontal and Cluster Development Policies |c Luis Rubalcaba Bermejo |
| 264 | 1 | |a Washington, D.C |b The World Bank |c 2017 | |
| 300 | |a 1 Online-Ressource | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b c |2 rdamedia | ||
| 338 | |b cr |2 rdacarrier | ||
| 490 | 0 | |a General Economy, Macroeconomics, and Growth Study | |
| 520 | |a Over the last decade, Ecuador experienced inclusive growth fueled by a favorable external environment that financed a vast expansion of the public sector. The country is now facing severe external and fiscal challenges due to the significant extended fall in oil prices and the appreciation of the U.S. dollar. Since mid-2014, Ecuador has lost almost half of its merchandise export income due to the decline in oil prices. Oil revenues averaged 13.2 percent of GDP between 2011 and 2014 and one-third of total fiscal revenues. The fall in oil and other commodity prices on global markets has opened broad macroeconomic imbalances and exposed Ecuador's pre-existing vulnerabilities. As a fully dollarized economy with limited savings from the boom years, Ecuador cannot soften adjustment via a nominal depreciation or a drawdown of macroeconomic buffers. The strengthening of the U.S. dollar and the major currency depreciations in neighboring trading partners also place pressures on external competitiveness. Furthermore, access to foreign borrowing has become more limited. Consequently, the burden of the adjustment falls on fiscal and income policies | ||
| 700 | 1 | |a Merino De Lucas, Fernando |4 oth | |
| 700 | 1 | |a Franco-Temple, Ernesto |4 oth | |
| 700 | 1 | |a Victor, Jessica Michelle |4 oth | |
| 700 | 1 | |a Rubalcaba Bermejo, Luis |4 oth | |
| 700 | 1 | |a Kim, Maria Deborah |4 oth | |
| 700 | 1 | |a Slavova, Stefka |4 oth | |
| 856 | 4 | 0 | |u https://doi.org/10.1596/28295 |x Verlag |z kostenfrei |3 Volltext |
| 912 | |a ZDB-1-WBA | ||
| 943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-033648829 | |
Datensatz im Suchindex
| DE-BY-TUM_katkey | 2819807 |
|---|---|
| _version_ | 1821937185770700800 |
| any_adam_object | |
| author | Rubalcaba Bermejo, Luis |
| author_facet | Rubalcaba Bermejo, Luis |
| author_role | aut |
| author_sort | Rubalcaba Bermejo, Luis |
| author_variant | b l r bl blr |
| building | Verbundindex |
| bvnumber | BV048268634 |
| collection | ZDB-1-WBA |
| ctrlnum | (ZDB-1-WBA)NLM010458662 (OCoLC)1334030548 (DE-599)GBVNLM010458662 |
| discipline | Wirtschaftswissenschaften |
| doi_str_mv | 10.1596/28295 |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>02593nam a2200385zc 4500</leader><controlfield tag="001">BV048268634</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">00000000000000.0</controlfield><controlfield tag="007">cr|uuu---uuuuu</controlfield><controlfield tag="008">220609s2017 xx o|||| 00||| eng d</controlfield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.1596/28295</subfield><subfield code="2">doi</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(ZDB-1-WBA)NLM010458662</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)1334030548</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)GBVNLM010458662</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">rda</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-12</subfield><subfield code="a">DE-521</subfield><subfield code="a">DE-573</subfield><subfield code="a">DE-523</subfield><subfield code="a">DE-Re13</subfield><subfield code="a">DE-19</subfield><subfield code="a">DE-355</subfield><subfield code="a">DE-703</subfield><subfield code="a">DE-91</subfield><subfield code="a">DE-706</subfield><subfield code="a">DE-29</subfield><subfield code="a">DE-M347</subfield><subfield code="a">DE-473</subfield><subfield code="a">DE-824</subfield><subfield code="a">DE-20</subfield><subfield code="a">DE-739</subfield><subfield code="a">DE-1043</subfield><subfield code="a">DE-863</subfield><subfield code="a">DE-862</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Rubalcaba Bermejo, Luis</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Innovation for Productivity Growth in Ecuador</subfield><subfield code="b">Unlocking Constraints through Horizontal and Cluster Development Policies</subfield><subfield code="c">Luis Rubalcaba Bermejo</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Washington, D.C</subfield><subfield code="b">The World Bank</subfield><subfield code="c">2017</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="0" ind2=" "><subfield code="a">General Economy, Macroeconomics, and Growth Study</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">Over the last decade, Ecuador experienced inclusive growth fueled by a favorable external environment that financed a vast expansion of the public sector. The country is now facing severe external and fiscal challenges due to the significant extended fall in oil prices and the appreciation of the U.S. dollar. Since mid-2014, Ecuador has lost almost half of its merchandise export income due to the decline in oil prices. Oil revenues averaged 13.2 percent of GDP between 2011 and 2014 and one-third of total fiscal revenues. The fall in oil and other commodity prices on global markets has opened broad macroeconomic imbalances and exposed Ecuador's pre-existing vulnerabilities. As a fully dollarized economy with limited savings from the boom years, Ecuador cannot soften adjustment via a nominal depreciation or a drawdown of macroeconomic buffers. The strengthening of the U.S. dollar and the major currency depreciations in neighboring trading partners also place pressures on external competitiveness. Furthermore, access to foreign borrowing has become more limited. Consequently, the burden of the adjustment falls on fiscal and income policies</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Merino De Lucas, Fernando</subfield><subfield code="4">oth</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Franco-Temple, Ernesto</subfield><subfield code="4">oth</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Victor, Jessica Michelle</subfield><subfield code="4">oth</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Rubalcaba Bermejo, Luis</subfield><subfield code="4">oth</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Kim, Maria Deborah</subfield><subfield code="4">oth</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Slavova, Stefka</subfield><subfield code="4">oth</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">https://doi.org/10.1596/28295</subfield><subfield code="x">Verlag</subfield><subfield code="z">kostenfrei</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-1-WBA</subfield></datafield><datafield tag="943" ind1="1" ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-033648829</subfield></datafield></record></collection> |
| id | DE-604.BV048268634 |
| illustrated | Not Illustrated |
| indexdate | 2024-12-20T19:40:14Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-033648829 |
| oclc_num | 1334030548 |
| open_access_boolean | 1 |
| owner | DE-12 DE-521 DE-573 DE-523 DE-Re13 DE-BY-UBR DE-19 DE-BY-UBM DE-355 DE-BY-UBR DE-703 DE-91 DE-BY-TUM DE-706 DE-29 DE-M347 DE-473 DE-BY-UBG DE-824 DE-20 DE-739 DE-1043 DE-863 DE-BY-FWS DE-862 DE-BY-FWS |
| owner_facet | DE-12 DE-521 DE-573 DE-523 DE-Re13 DE-BY-UBR DE-19 DE-BY-UBM DE-355 DE-BY-UBR DE-703 DE-91 DE-BY-TUM DE-706 DE-29 DE-M347 DE-473 DE-BY-UBG DE-824 DE-20 DE-739 DE-1043 DE-863 DE-BY-FWS DE-862 DE-BY-FWS |
| physical | 1 Online-Ressource |
| psigel | ZDB-1-WBA |
| publishDate | 2017 |
| publishDateSearch | 2017 |
| publishDateSort | 2017 |
| publisher | The World Bank |
| record_format | marc |
| series2 | General Economy, Macroeconomics, and Growth Study |
| spellingShingle | Rubalcaba Bermejo, Luis Innovation for Productivity Growth in Ecuador Unlocking Constraints through Horizontal and Cluster Development Policies |
| title | Innovation for Productivity Growth in Ecuador Unlocking Constraints through Horizontal and Cluster Development Policies |
| title_auth | Innovation for Productivity Growth in Ecuador Unlocking Constraints through Horizontal and Cluster Development Policies |
| title_exact_search | Innovation for Productivity Growth in Ecuador Unlocking Constraints through Horizontal and Cluster Development Policies |
| title_full | Innovation for Productivity Growth in Ecuador Unlocking Constraints through Horizontal and Cluster Development Policies Luis Rubalcaba Bermejo |
| title_fullStr | Innovation for Productivity Growth in Ecuador Unlocking Constraints through Horizontal and Cluster Development Policies Luis Rubalcaba Bermejo |
| title_full_unstemmed | Innovation for Productivity Growth in Ecuador Unlocking Constraints through Horizontal and Cluster Development Policies Luis Rubalcaba Bermejo |
| title_short | Innovation for Productivity Growth in Ecuador |
| title_sort | innovation for productivity growth in ecuador unlocking constraints through horizontal and cluster development policies |
| title_sub | Unlocking Constraints through Horizontal and Cluster Development Policies |
| url | https://doi.org/10.1596/28295 |
| work_keys_str_mv | AT rubalcababermejoluis innovationforproductivitygrowthinecuadorunlockingconstraintsthroughhorizontalandclusterdevelopmentpolicies AT merinodelucasfernando innovationforproductivitygrowthinecuadorunlockingconstraintsthroughhorizontalandclusterdevelopmentpolicies AT francotempleernesto innovationforproductivitygrowthinecuadorunlockingconstraintsthroughhorizontalandclusterdevelopmentpolicies AT victorjessicamichelle innovationforproductivitygrowthinecuadorunlockingconstraintsthroughhorizontalandclusterdevelopmentpolicies AT kimmariadeborah innovationforproductivitygrowthinecuadorunlockingconstraintsthroughhorizontalandclusterdevelopmentpolicies AT slavovastefka innovationforproductivitygrowthinecuadorunlockingconstraintsthroughhorizontalandclusterdevelopmentpolicies |