CORRELATIONAL ANALYSIS BETWEEN GDP AND EXTERNAL DEBT: CAUSES OF BUSINESS DEVELOPMENT

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Keywords :

Analysis, External Debt, State, GDP

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Abstract

This research analyzes the reciprocal relationship of the variables, gross domestic product, and external debt of Ecuador during the last five years, throughout the Pearson correlation coefficient. It serves to measure these quantitative variables. According to the results, there is a high positive correlation between the variables. Also, both seem to be directly related to the external debt and being depends on the gross domestic product. the strong relationship between the variables indicates that the economy of the country that produces markets goods and services is not enough to cover its debts and therefore, alleviate external indebtedness.

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Published

2019-12-27
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How to Cite

CORRELATIONAL ANALYSIS BETWEEN GDP AND EXTERNAL DEBT: CAUSES OF BUSINESS DEVELOPMENT. (2019). Journal of Science and Research: Revista Ciencia E Investigación, 4(CIEIS2019), 369-381. https://revistas.utb.edu.ec/index.php/sr/article/view/788