Índice de bienestar económico sostenible en Ecuador para el período 2001 - 2015

Abstract

In this research is calculated the Index of Sustainable Econonomic Welfare (ISEW) in Ecuador for the period 2001-2015. The relevance of the use of 7 economic, social and environmental variables that compose the ISEW is determined to later make an individual analysis of each one, also the ISEW is compared with the GDP as progress indicators emphasizing the difference between welfare and economic growth; finally, a Monte Carlo simulation analysis is carried out to know the behavior in 5 years of the ISEW and the GDP. The results show that of the positive components, personal consumption is the one that contributes the most to the increase of ISEW, while the degradation of natural capital affects negatively in a greater proportion the welfare of ecuadorians. The existence of the gap between the ISEW and the GDP is confirmed, institutional reform. From the Monte Carlo simulation, the difference between the two indicators is maintained over the next 5 years.