Open AccessInfluencia De La Tasa De Interés Real En La Inversión Privada En El Ecuador (2000-2014)
Author(s) -
Romel Jimbiquiti Puenchera,
Eduardo Zurita Moreano,
Dante Ayaviri Nina,
Gabriela González Bautista,
Ma Eugenia Borja Lombeida
Publication year - 2017
Publication title -
european scientific journal
Language(s) - English
Resource type - Journals
eISSN - 1857-7881
pISSN - 1857-7431
DOI - 10.19044/esj.2017.v13n28p201
Subject(s) - economics , investment (military) , interest rate , context (archaeology) , maximization , capital (architecture) , real interest rate , welfare economics , economy , monetary economics , microeconomics , geography , political science , archaeology , politics , law
Since the dollarization in Ecuador, the interest rate and investment rate has picked up as the economy grows. The present research explains the behavior of the investment as a function of the interest rates, through the neoclassical theory of Jorgenson. This model argues that to maximize corporate profits, it is necessary to define a production function consistent with the maximization principle. The research looks for a positive relationship between the product (Y) and the private investment (IP). In this context, the real interest rate (ir), which represents the cost of the use of capital, has a negative relation according to the empirical evidence in favor of Jorgenson's neoclassical theory.