Ecuador : Diversification and Sustainable Growth in an Oil - Dependent Country
Diversification is important to sustainable economic growth and economic development in an oil-dependent country like Ecuador because it allows the country to be less vulnerable to external shocks. An analysis of diversification in the Ecuadorian e...
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| Format: | Policy Note |
| Language: | English en_US |
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Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2010/03/16288377/ecuador-diversification-sustainable-growth-oil-dependent-country http://hdl.handle.net/10986/18503 |
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okr-10986-18503 |
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oai_dc |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCESS ROADS ADVERSE EFFECTS AGRICULTURE APPROACH AVAILABILITY BALANCE BANK LOANS BANKRUPTCY BARRELS PER DAY BUSINESS CLIMATE BUSINESS REGULATION CARTEL CDF CENTRAL BANK CIVIL WARS COMMODITIES COMMODITY COMMODITY EXPORTS COMMODITY PRICE COMMODITY PRICES COMMUNICATIONS INFRASTRUCTURE COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPETITIVENESS CONSUMER PRICE INDEX CRISES IN EMERGING MARKET CRUDE OIL CRUDE OIL PRODUCTION CURRENCY DEBT DEBT CRISIS DEBT SERVICE DEPOSIT DEVALUATION DEVELOPING COUNTRIES DIESEL DIESEL CONSUMPTION DOLLAR VALUE ECONOMETRIC ANALYSIS ECONOMETRIC RESULTS ECONOMIC CRISIS ECONOMIC DEVELOPMENT ECONOMIC DOWNTURNS ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMIC POLICIES ECONOMIC SECTORS ECONOMIC STUDIES ECONOMIC VOLATILITY ELECTRIC GENERATION ELECTRICITY ELECTRICITY GENERATION EMERGING MARKET ECONOMIES EMPLOYMENT ENERGY RESOURCES ENVIRONMENTAL ENVIRONMENTAL IMPACT ENVIRONMENTAL STANDARDS EQUILIBRIUM EXCHANGE RATE EXPORT GROWTH EXPORT MARKETS EXPORT SECTORS EXPORTS EXPOSURE FARMS FINANCIAL CONSTRAINTS FINANCIAL CRISIS FINANCIAL SECTOR FINANCIAL SECTORS FINANCIAL SERVICES FINANCIAL SYSTEM FISCAL POLICIES FISCAL POLICY FISH FISHING FOOD PRICES FOREIGN COMPANIES FOREIGN DEBT FOREIGN DIRECT INVESTMENT FOREIGN FIRMS FOREIGN INVESTMENT FORESTRY FREE TRADE FREE TRADE AGREEMENT FREE TRADE AGREEMENTS FUEL FUEL PRICE FUEL PRICES FUTURE GROWTH GASOLINE GDP GDP PER CAPITA GENERATION OF ELECTRICITY GROSS DOMESTIC PRODUCT GROWTH POTENTIAL GROWTH RATE HEAVY OIL HIGHER OIL PRICES INCOME INCOME GROUPS INCREASING RETURNS INDUSTRIAL SECTOR INFLATION INFRASTRUCTURE PROJECTS INPUT USE INSURANCE INTERMEDIATE GOODS INTERNATIONAL MARKET INTERNATIONAL MARKETS INTERNATIONAL OIL PRICES INTERNATIONAL TRADE INVESTMENT POLICIES JOB CREATION JOINT VENTURE LIQUIDITY LUBRICANTS MACROECONOMIC MANAGEMENT MACROECONOMIC POLICIES MACROECONOMIC POLICY MARKET CONDITIONS MARKET ECONOMIES MARKET PRICES MILLION BARRELS MINERAL MINERAL RESERVES MINES MONETARY POLICY NATIONAL CURRENCY NATURAL DISASTERS NATURAL GAS NATURAL RESOURCE NATURAL RESOURCES NET OIL OIL OIL COMPANIES OIL COMPANY OIL EXPLORATION OIL EXPORT REVENUES OIL EXPORTER OIL EXPORTS OIL EXTRACTION OIL FIELDS OIL FUELS OIL INDUSTRY OIL MARKET OIL OUTPUT OIL PIPELINE OIL PIPELINES OIL PRICE OIL PRICE FLUCTUATIONS OIL PRICES OIL PRODUCTION OIL RECOVERY OIL REFINERY OIL REFINING OIL RESERVES OIL RESOURCES OIL REVENUES OIL SECTOR OIL WELLS OIL-PRODUCING COUNTRIES OILS OPEC OPEC COUNTRIES OPEN ECONOMY OUTPUTS PETROLEUM PETROLEUM PRODUCTS PETROLEUM SECTOR PIPELINE PIPES POLITICAL ECONOMY POLITICAL STABILITY POWER PRICE FLUCTUATIONS PRICE RISK PRICE SUBSIDIES PRIVATE CONSUMPTION PRIVATE CONTRACTORS PRIVATE INVESTMENT PRIVATE SECTOR PRIVATIZATION PRODUCTION COSTS PROFIT MARGIN PUBLIC DEBT PUBLIC EXPENDITURES PUBLIC POLICY PUBLIC UTILITIES RAPID GROWTH REAL ESTATE REAL GDP REAL GROWTH RATE REAL GROWTH RATES REFINERIES REFINERY OPERATIONS REGULATORY ENVIRONMENT REGULATORY REGIME RENT SEEKING RENT SEEKING BEHAVIOR SAVINGS SOCIAL DEVELOPMENT SUSTAINABLE ECONOMIC GROWTH SUSTAINABLE GROWTH TAX TAX EXEMPTIONS TERMS OF TRADE TRADE DIVERSION TRADE LIBERALIZATION TRADE NEGOTIATIONS TRADE POLICY TRANSPARENCY TURNOVERS TYPES OF CONTRACTS VALUE ADDED VOLATILITY WAGES WEAK CORPORATE GOVERNANCE WEALTH WORLD DEVELOPMENT INDICATORS WORLD OIL PRICES |
| spellingShingle |
ACCESS ROADS ADVERSE EFFECTS AGRICULTURE APPROACH AVAILABILITY BALANCE BANK LOANS BANKRUPTCY BARRELS PER DAY BUSINESS CLIMATE BUSINESS REGULATION CARTEL CDF CENTRAL BANK CIVIL WARS COMMODITIES COMMODITY COMMODITY EXPORTS COMMODITY PRICE COMMODITY PRICES COMMUNICATIONS INFRASTRUCTURE COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPETITIVENESS CONSUMER PRICE INDEX CRISES IN EMERGING MARKET CRUDE OIL CRUDE OIL PRODUCTION CURRENCY DEBT DEBT CRISIS DEBT SERVICE DEPOSIT DEVALUATION DEVELOPING COUNTRIES DIESEL DIESEL CONSUMPTION DOLLAR VALUE ECONOMETRIC ANALYSIS ECONOMETRIC RESULTS ECONOMIC CRISIS ECONOMIC DEVELOPMENT ECONOMIC DOWNTURNS ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMIC POLICIES ECONOMIC SECTORS ECONOMIC STUDIES ECONOMIC VOLATILITY ELECTRIC GENERATION ELECTRICITY ELECTRICITY GENERATION EMERGING MARKET ECONOMIES EMPLOYMENT ENERGY RESOURCES ENVIRONMENTAL ENVIRONMENTAL IMPACT ENVIRONMENTAL STANDARDS EQUILIBRIUM EXCHANGE RATE EXPORT GROWTH EXPORT MARKETS EXPORT SECTORS EXPORTS EXPOSURE FARMS FINANCIAL CONSTRAINTS FINANCIAL CRISIS FINANCIAL SECTOR FINANCIAL SECTORS FINANCIAL SERVICES FINANCIAL SYSTEM FISCAL POLICIES FISCAL POLICY FISH FISHING FOOD PRICES FOREIGN COMPANIES FOREIGN DEBT FOREIGN DIRECT INVESTMENT FOREIGN FIRMS FOREIGN INVESTMENT FORESTRY FREE TRADE FREE TRADE AGREEMENT FREE TRADE AGREEMENTS FUEL FUEL PRICE FUEL PRICES FUTURE GROWTH GASOLINE GDP GDP PER CAPITA GENERATION OF ELECTRICITY GROSS DOMESTIC PRODUCT GROWTH POTENTIAL GROWTH RATE HEAVY OIL HIGHER OIL PRICES INCOME INCOME GROUPS INCREASING RETURNS INDUSTRIAL SECTOR INFLATION INFRASTRUCTURE PROJECTS INPUT USE INSURANCE INTERMEDIATE GOODS INTERNATIONAL MARKET INTERNATIONAL MARKETS INTERNATIONAL OIL PRICES INTERNATIONAL TRADE INVESTMENT POLICIES JOB CREATION JOINT VENTURE LIQUIDITY LUBRICANTS MACROECONOMIC MANAGEMENT MACROECONOMIC POLICIES MACROECONOMIC POLICY MARKET CONDITIONS MARKET ECONOMIES MARKET PRICES MILLION BARRELS MINERAL MINERAL RESERVES MINES MONETARY POLICY NATIONAL CURRENCY NATURAL DISASTERS NATURAL GAS NATURAL RESOURCE NATURAL RESOURCES NET OIL OIL OIL COMPANIES OIL COMPANY OIL EXPLORATION OIL EXPORT REVENUES OIL EXPORTER OIL EXPORTS OIL EXTRACTION OIL FIELDS OIL FUELS OIL INDUSTRY OIL MARKET OIL OUTPUT OIL PIPELINE OIL PIPELINES OIL PRICE OIL PRICE FLUCTUATIONS OIL PRICES OIL PRODUCTION OIL RECOVERY OIL REFINERY OIL REFINING OIL RESERVES OIL RESOURCES OIL REVENUES OIL SECTOR OIL WELLS OIL-PRODUCING COUNTRIES OILS OPEC OPEC COUNTRIES OPEN ECONOMY OUTPUTS PETROLEUM PETROLEUM PRODUCTS PETROLEUM SECTOR PIPELINE PIPES POLITICAL ECONOMY POLITICAL STABILITY POWER PRICE FLUCTUATIONS PRICE RISK PRICE SUBSIDIES PRIVATE CONSUMPTION PRIVATE CONTRACTORS PRIVATE INVESTMENT PRIVATE SECTOR PRIVATIZATION PRODUCTION COSTS PROFIT MARGIN PUBLIC DEBT PUBLIC EXPENDITURES PUBLIC POLICY PUBLIC UTILITIES RAPID GROWTH REAL ESTATE REAL GDP REAL GROWTH RATE REAL GROWTH RATES REFINERIES REFINERY OPERATIONS REGULATORY ENVIRONMENT REGULATORY REGIME RENT SEEKING RENT SEEKING BEHAVIOR SAVINGS SOCIAL DEVELOPMENT SUSTAINABLE ECONOMIC GROWTH SUSTAINABLE GROWTH TAX TAX EXEMPTIONS TERMS OF TRADE TRADE DIVERSION TRADE LIBERALIZATION TRADE NEGOTIATIONS TRADE POLICY TRANSPARENCY TURNOVERS TYPES OF CONTRACTS VALUE ADDED VOLATILITY WAGES WEAK CORPORATE GOVERNANCE WEALTH WORLD DEVELOPMENT INDICATORS WORLD OIL PRICES World Bank Ecuador : Diversification and Sustainable Growth in an Oil - Dependent Country |
| geographic_facet |
Latin America & Caribbean Ecuador |
| description |
Diversification is important to
sustainable economic growth and economic development in an
oil-dependent country like Ecuador because it allows the
country to be less vulnerable to external shocks. An
analysis of diversification in the Ecuadorian economy is
needed at this time because (a) the growth has been sluggish
despite favorable terms of trade in recent years, and (b)
external and fiscal balances are highly vulnerable to shocks
in oil prices. This study focuses on the general concept of
diversification, including diversification of public
revenues, trading partners, and production. It seeks to
understand the linkages between the oil and non-oil sectors
and offer recommendations on how Ecuador could frame public
policy to achieve diversification. |
| format |
Economic & Sector Work :: Policy Note |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Ecuador : Diversification and Sustainable Growth in an Oil - Dependent Country |
| title_short |
Ecuador : Diversification and Sustainable Growth in an Oil - Dependent Country |
| title_full |
Ecuador : Diversification and Sustainable Growth in an Oil - Dependent Country |
| title_fullStr |
Ecuador : Diversification and Sustainable Growth in an Oil - Dependent Country |
| title_full_unstemmed |
Ecuador : Diversification and Sustainable Growth in an Oil - Dependent Country |
| title_sort |
ecuador : diversification and sustainable growth in an oil - dependent country |
| publisher |
Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2010/03/16288377/ecuador-diversification-sustainable-growth-oil-dependent-country http://hdl.handle.net/10986/18503 |
| _version_ |
1764440811459575808 |
| spelling |
okr-10986-185032021-04-23T14:03:45Z Ecuador : Diversification and Sustainable Growth in an Oil - Dependent Country World Bank ACCESS ROADS ADVERSE EFFECTS AGRICULTURE APPROACH AVAILABILITY BALANCE BANK LOANS BANKRUPTCY BARRELS PER DAY BUSINESS CLIMATE BUSINESS REGULATION CARTEL CDF CENTRAL BANK CIVIL WARS COMMODITIES COMMODITY COMMODITY EXPORTS COMMODITY PRICE COMMODITY PRICES COMMUNICATIONS INFRASTRUCTURE COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPETITIVENESS CONSUMER PRICE INDEX CRISES IN EMERGING MARKET CRUDE OIL CRUDE OIL PRODUCTION CURRENCY DEBT DEBT CRISIS DEBT SERVICE DEPOSIT DEVALUATION DEVELOPING COUNTRIES DIESEL DIESEL CONSUMPTION DOLLAR VALUE ECONOMETRIC ANALYSIS ECONOMETRIC RESULTS ECONOMIC CRISIS ECONOMIC DEVELOPMENT ECONOMIC DOWNTURNS ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMIC POLICIES ECONOMIC SECTORS ECONOMIC STUDIES ECONOMIC VOLATILITY ELECTRIC GENERATION ELECTRICITY ELECTRICITY GENERATION EMERGING MARKET ECONOMIES EMPLOYMENT ENERGY RESOURCES ENVIRONMENTAL ENVIRONMENTAL IMPACT ENVIRONMENTAL STANDARDS EQUILIBRIUM EXCHANGE RATE EXPORT GROWTH EXPORT MARKETS EXPORT SECTORS EXPORTS EXPOSURE FARMS FINANCIAL CONSTRAINTS FINANCIAL CRISIS FINANCIAL SECTOR FINANCIAL SECTORS FINANCIAL SERVICES FINANCIAL SYSTEM FISCAL POLICIES FISCAL POLICY FISH FISHING FOOD PRICES FOREIGN COMPANIES FOREIGN DEBT FOREIGN DIRECT INVESTMENT FOREIGN FIRMS FOREIGN INVESTMENT FORESTRY FREE TRADE FREE TRADE AGREEMENT FREE TRADE AGREEMENTS FUEL FUEL PRICE FUEL PRICES FUTURE GROWTH GASOLINE GDP GDP PER CAPITA GENERATION OF ELECTRICITY GROSS DOMESTIC PRODUCT GROWTH POTENTIAL GROWTH RATE HEAVY OIL HIGHER OIL PRICES INCOME INCOME GROUPS INCREASING RETURNS INDUSTRIAL SECTOR INFLATION INFRASTRUCTURE PROJECTS INPUT USE INSURANCE INTERMEDIATE GOODS INTERNATIONAL MARKET INTERNATIONAL MARKETS INTERNATIONAL OIL PRICES INTERNATIONAL TRADE INVESTMENT POLICIES JOB CREATION JOINT VENTURE LIQUIDITY LUBRICANTS MACROECONOMIC MANAGEMENT MACROECONOMIC POLICIES MACROECONOMIC POLICY MARKET CONDITIONS MARKET ECONOMIES MARKET PRICES MILLION BARRELS MINERAL MINERAL RESERVES MINES MONETARY POLICY NATIONAL CURRENCY NATURAL DISASTERS NATURAL GAS NATURAL RESOURCE NATURAL RESOURCES NET OIL OIL OIL COMPANIES OIL COMPANY OIL EXPLORATION OIL EXPORT REVENUES OIL EXPORTER OIL EXPORTS OIL EXTRACTION OIL FIELDS OIL FUELS OIL INDUSTRY OIL MARKET OIL OUTPUT OIL PIPELINE OIL PIPELINES OIL PRICE OIL PRICE FLUCTUATIONS OIL PRICES OIL PRODUCTION OIL RECOVERY OIL REFINERY OIL REFINING OIL RESERVES OIL RESOURCES OIL REVENUES OIL SECTOR OIL WELLS OIL-PRODUCING COUNTRIES OILS OPEC OPEC COUNTRIES OPEN ECONOMY OUTPUTS PETROLEUM PETROLEUM PRODUCTS PETROLEUM SECTOR PIPELINE PIPES POLITICAL ECONOMY POLITICAL STABILITY POWER PRICE FLUCTUATIONS PRICE RISK PRICE SUBSIDIES PRIVATE CONSUMPTION PRIVATE CONTRACTORS PRIVATE INVESTMENT PRIVATE SECTOR PRIVATIZATION PRODUCTION COSTS PROFIT MARGIN PUBLIC DEBT PUBLIC EXPENDITURES PUBLIC POLICY PUBLIC UTILITIES RAPID GROWTH REAL ESTATE REAL GDP REAL GROWTH RATE REAL GROWTH RATES REFINERIES REFINERY OPERATIONS REGULATORY ENVIRONMENT REGULATORY REGIME RENT SEEKING RENT SEEKING BEHAVIOR SAVINGS SOCIAL DEVELOPMENT SUSTAINABLE ECONOMIC GROWTH SUSTAINABLE GROWTH TAX TAX EXEMPTIONS TERMS OF TRADE TRADE DIVERSION TRADE LIBERALIZATION TRADE NEGOTIATIONS TRADE POLICY TRANSPARENCY TURNOVERS TYPES OF CONTRACTS VALUE ADDED VOLATILITY WAGES WEAK CORPORATE GOVERNANCE WEALTH WORLD DEVELOPMENT INDICATORS WORLD OIL PRICES Diversification is important to sustainable economic growth and economic development in an oil-dependent country like Ecuador because it allows the country to be less vulnerable to external shocks. An analysis of diversification in the Ecuadorian economy is needed at this time because (a) the growth has been sluggish despite favorable terms of trade in recent years, and (b) external and fiscal balances are highly vulnerable to shocks in oil prices. This study focuses on the general concept of diversification, including diversification of public revenues, trading partners, and production. It seeks to understand the linkages between the oil and non-oil sectors and offer recommendations on how Ecuador could frame public policy to achieve diversification. 2014-06-05T17:06:48Z 2014-06-05T17:06:48Z 2010-03-31 http://documents.worldbank.org/curated/en/2010/03/16288377/ecuador-diversification-sustainable-growth-oil-dependent-country http://hdl.handle.net/10986/18503 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ Washington, DC Economic & Sector Work :: Policy Note Economic & Sector Work Latin America & Caribbean Ecuador |