Dollarization, Economic Growth and Employment

Posted: 26 Dec 2009

See all articles by Raimundo Soto

Raimundo Soto

Pontificia Universidad Católica de Chile - Institute of Economics

Date Written: December, 21 2009

Abstract

Dollarization brought price stability and higher economic growth to Ecuador. Nevertheless, unemployment remained stubbornly high. Two opposing forces explain this result: Sustained growth led to higher labor demand but price stabilization triggered substitution effects by cheaper intermediate goods and capital.

Keywords: dollarization, employment, economic growth

JEL Classification: E24, E27, E65, C5

Suggested Citation

Soto, Raimundo, Dollarization, Economic Growth and Employment (December, 21 2009). Economics Letters, Vol. 105, No. 1, 2009, Available at SSRN: https://ssrn.com/abstract=1526571

Raimundo Soto (Contact Author)

Pontificia Universidad Católica de Chile - Institute of Economics ( email )

Casilla 76
Correo 17
Santiago
Chile

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