02060cas a2200241 a 4500 AALejournalIMF019151 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498303675 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Western Hemisphere Dept. Ecuador : Selected Issues Paper and Analytical Notes. Washington, D.C. : International Monetary Fund, 2019. 1 online resource (69 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Selected Issues paper estimates Ecuador's potential growth in the range of 1 3/4 to 3 percent. The lower estimate corresponds to an extrapolation of recent trends while the higher estimate could be achievable through the implementation of a reform agenda that addresses fiscal and competitiveness challenges of Ecuador. The paper also develops models to nowcast and forecast GDP to improve the accuracy of growth projections. The oil sector remains an important driver of economic activity; however, it is not as important as it once was. A simple growth accounting exercise is used to decompose Ecuador's growth between production factors accumulation; capital and labor, and total factor productivity. The study shows that low total factor productivity is the reason behind Ecuador's recent economic decline and has been a negative contributor to long-term growth. The paper also explores different vector autoregression models to identify the best one to forecast real GDP in Ecuador. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2019/080 Full text available on IMF http://elibrary.imf.org/view/journals/002/2019/080/002.2019.issue-080-en.xml IMF e-Library