Análisis del impacto de las remesas sobre el crecimiento económico ecuatoriano aplicando un modelo VAR para el período 2001-2012

Abstract

This research work aims to contribute to the analysis of relationships that keeps remittances to consumption, investment and especially with the economic growth of Ecuador. To reach this goal was made use of econometric methodology, conducting three VAR (Vector Auto-Regressive) models. As a result it was found that remittances have a positive effect on economic growth in Ecuador, where it was found that this effect is exerted through both consumption and investment through the same. Similarly, it was found that Ecuadorian migrants maintain an altruistic feeling with his family, which encourages them to submit in order to assist the family income.