El impacto de las remesas norteamericanas en el crecimiento económico del Ecuador desde el año 2005 - 2022

Abstract

This research analyzes the impact of remittances on economic growth in Ecuador, using the Cobb-Douglas model. The justification for this study lies in the relevance of U.S. remittances as a significant source of income in the Ecuadorian economy and the need to understand their influence on economic growth. To achieve this objective, a quantitative methodology of longitudinal type and correlational scope is used, compiling information from various sources such as the Central Bank of Ecuador, World Bank, Statista, etc., covering a period of 17 years from 2005 to 2022. The main results show a significant correlation between U.S. remittances and economic growth. The main results revealed a considerable influence of remittances, gross fixed capital formation and adequate employment on Ecuador's economic growth, while public debt had no significant impact. Surprisingly, however, adequate employment had a negative effect. The research shows that remittances and gross fixed capital formation have a positive effect on economic growth, contrary to expectations, a negative effect on an adequate employment rate, indicating the need for public policies focused on improving the quality of employment. The study provides valuable knowledge on economic growth and could guide future economic public policies.