Las exportaciones petroleras del Ecuador y su incidencia en el crecimiento económico bajo un enfoque de la teoría de crecimiento

The present study analyzes the relationship between oil exports and economic growth in Ecuador, associating it with Solow's economic growth theory, which argues that production in an economy is achieved by the combination of labor (L) and capital (K), under constant returns. For this, the performance of the oil sector was examined through production, export and commercialization figures to show its contribution to the country's economy, as well as economic growth with indicators related to GDP, and following Solow's postulates, it was included Gross Fixed Capital Formation (FBKF) and the Economically Active Population. Finally, an econometric model was developed to relate the study variables under Solow's theory. The results indicate that, the performance of the sector has been characterized by maintaining a production between 177,414 and 203,142 million barrels in the period 2007-2018; while, oil export figures were $ 9,135,343 million on average per year. Meanwhile, the country's economic growth denotes an increase of $ 51,007,777 billion in 2007 to 71,932,841 billion in 2018. Finally, it remained found that oil exports do affect Ecuadorian economic growth, since the model used has a square R of 97%.