{"id":9250,"date":"2024-01-04T12:21:06","date_gmt":"2024-01-04T17:21:06","guid":{"rendered":"https:\/\/sitios.udla.edu.ec\/econometria\/?p=9250"},"modified":"2024-11-18T16:39:25","modified_gmt":"2024-11-18T21:39:25","slug":"asymmetric-effect-of-the-oil-price-in-the-ecuadorian-economy","status":"publish","type":"post","link":"https:\/\/sitios.udla.edu.ec\/econometria\/asymmetric-effect-of-the-oil-price-in-the-ecuadorian-economy\/","title":{"rendered":"Asymmetric effect of the oil price in the ecuadorian economy"},"content":{"rendered":"\n<p>This paper aims to identify if there is an asymmetric response of the output to positive and negative changes in the price of oil. We take the case of Ecuador, an oil exporter but also an importer of derivates of the same commodity. We apply the local projections methodology to estimate this asymmetric response through state-dependence impulse response function. The results put in evidence that between the positive and negative variations of oil prices, those which affect the most to the Ecuadorian GDP are the negative ones. We also show that the persistence of the effect is higher when the oil price fall, rather than when there are positive variations.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"This paper aims to identify if there is an asymmetric response of the output to positive and negative changes in&#8230;","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[85],"tags":[],"class_list":["post-9250","post","type-post","status-publish","format-standard","hentry","category-articulo"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Asymmetric effect of the oil price in the ecuadorian economy - Econometr\u00eda<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sitios.udla.edu.ec\/econometria\/asymmetric-effect-of-the-oil-price-in-the-ecuadorian-economy\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Asymmetric effect of the oil price in the ecuadorian economy - 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