Restricción externa al crecimiento del Ecuador 1970-2015. El modelo de Prebisch

Abstract

The present research examines the external restriction of Ecuador growth during the period 1970-2015, using the model center-periphery of Prebisch (1949) in order to determine whether the countries of the center exports manufactured products with an income elasticity greater than unity, unlike Ecuador, as a peripheral country that guides their exports primary products with an income elasticity less than unity. Therefore econometric results show that Ecuador grows to a lesser extent in comparison of the central countries with those who maintains commercial relations (United States, European Union, Southeast Asia and China), because of the constraints on its primary-export productive structure that chained international trade adversely affects its balance of payments. This type of productive specialization generates a dependence with the external market being vulnerable to its price fluctuations, for that reason the importance of a structural change that allows us to export products with a greater added value