Freddy Ronalde Camacho-Villagomez, Yanina Shegia Bajaña-Villagomez, Andrea Johanna Rodríguez-Bustos
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Abstract
This paper provides empirical evidence about the impact of oil price volatility on government spending, tax revenues, and economic growth for Ecuador. The effects are estimated via a MIDAS regression using quarterly and monthly data for the period 2004 to 2019. The results show that oil price volatility has a positive impact on government spending and tax revenues which is an indicative of a non-prudence behavior in fiscal policy. The impact of GDP is non-significant, contrary to economic intuition and previous studies. These findings have several policy implications that are consistent with the literature of fiscal policy in oil-exporting countries.
期刊介绍：
International Journal of Energy Economics and Policy (IJEEP) is the international academic journal, and is a double-blind, peer-reviewed academic journal publishing high quality conceptual and measure development articles in the areas of energy economics, energy policy and related disciplines. The journal has a worldwide audience. The journal''s goal is to stimulate the development of energy economics, energy policy and related disciplines theory worldwide by publishing interesting articles in a highly readable format. The journal is published bimonthly (6 issues per year) and covers a wide variety of topics including (but not limited to): Energy Consumption, Electricity Consumption, Economic Growth - Energy, Energy Policy, Energy Planning, Energy Forecasting, Energy Pricing, Energy Politics, Energy Financing, Energy Efficiency, Energy Modelling, Energy Use, Energy - Environment, Energy Systems, Renewable Energy, Energy Sources, Environmental Economics, Oil & Gas .
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