Determinantes de la inversión extranjera directa del Ecuador en el sector minero durante el periodo 2013-2023

Abstract

This study analyses the determinants of foreign direct investment (FDI) in the mining sector in Ecuador during the period 2013-2023. Ecuador, a country endowed with abundant natural resources, has based its development model on the exploitation of these resources, with FDI being crucial for their increase through the introduction of advanced technologies and job creation. By estimating an econometric model, gross domestic product, economic openness and money supply were found to be moderately correlated, while the consumer price index was not correlated with FDI. A multiple linear regression analysis confirmed the influence of the mining sector on the country's economic growth. Applying the ordinary least squares method, an inverse relationship between mining exports and economic growth was identified; on the other hand, fiscal revenues from the mining sector show a positive and significant relationship. It is concluded that it is essential that the government implements effective tax collection policies to promote national development and implements incentives to encourage investment in this strategic sector; in addition, regulatory measures should be applied to minimize environmental impact, as the interests of the communities within the area of influence should be considered to ensure an optimal balance.