Abstract

ARELLANO ESTRADA, Paola  and  AYAVIRI NINA, Dante. The determinants of unemployment in Ecuador. Perspectivas [online]. 2021, n.48, pp.9-36.  Epub Nov 01, 2021. ISSN 1994-3733.

Ecuador has an unemployment rate lower than the average for Latin America; however, there are some periods where the unemployment rate increases significantly, in addition to the problems of informality and underemployment, which is reflected in an increase in economic and social vulnerability. In this context, the research aims to identify the main determinants of unemployment in Ecuador. For this, a review of the main theoretical and empirical studies is carried out that shows the factors that explain the performance of unemployment. Through the estimates of the granger causality, impulse - response function and variance decomposition of the multivariate econometric application, Error Correction Vector, it is empirically verified that the unemployment level in Ecuador is determined by the participation of the manufacturing sector in GDP, the terms of trade index, capital accumulation and economic growth.

JEL CLASSIFICATION: J2, J21, J29.

Keywords : Unemployment; growth; capital accumulation; terms of trade; salary..

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