Working Paper: Synthetic Control Analysis of Ecuador's Dollarization
Ultimo paper con
sobre la dolarización en Ecuador. En esta ocasión, en lugar de hacer un anílsisi antes y después de la dolarización, comparamos Ecuador dolarizado con una hipotético Ecuador no-dolarizado.Our analysis suggests the following tentative conclusions: we observe statistically and economically significant positive outcomes of dollarization in Ecuador. Moreover, we find economics significant but not-statistically significant results. Importantly, we cannot identify any adverse economic consequences of dollarizatios. The statistical evidence suggests a likelihood of a positive effect of dollarization in Ecuador when measured in terms of GDP per capita adjusted for purchasing power parity (PPP).
