2026-04-13T01:09:53Zhttps://recercat.cat/oai/request

oai:recercat.cat:2445/1065642025-12-05T04:21:44Zcom_2072_1057col_2072_478809col_2072_478917

urn:hdl:2445/106564 Fiscal sustainability and dollarization: the case of Ecuador Marí del Cristo, María Lorena Gómez-Puig, Marta Política fiscal Harmonització fiscal Indústria petroliera Producte interior brut Equador Fiscal policy Tax harmonization Petroleum industry and trade Gross domestic product Ecuador This article tries to disentangle the dynamic relationships between fiscal variables and economic activity in a small emerging economy characterized by full dollarization, namely, Ecuador. We find that fiscal policy in Ecuador seems to be sustainable, explained by its policy of debt payment through oil revenues, rather than by a fiscal discipline that dollarization is supposed to encourage. The non-oil tax revenues variable is a purely adjusting variable. This result suggests that in a dollarized country that cannot benefit from the 'seignorage' revenues, the reliance on volatile oil revenues and on smoothing tax revenues leaves the economy's fiscal sustainability vulnerable. 2017-02-07T08:10:54Z 2018-07-01T22:01:29Z 2016 2017-02-07T08:10:54Z info:eu-repo/semantics/article info:eu-repo/semantics/acceptedVersion Versió postprint del document publicat a: https://doi.org/10.1080/00036846.2015.1114580 Applied Economics, 2016, vol. 48, num. 23, p. 2139-2155 https://doi.org/10.1080/00036846.2015.1114580 (c) Taylor and Francis, 2016 info:eu-repo/semantics/openAccess Taylor and Francis Articles publicats en revistes (Economia)