Over the last decade, Ecuador experienced inclusive growth fueled by a favorable external environment that financed a … extended fall in oil prices and the appreciation of the U.S. dollar. Since mid-2014, Ecuador has lost almost half of its … macroeconomic imbalances and exposed Ecuador's pre-existing vulnerabilities. As a fully dollarized economy with limited savings from …

in Ecuador. The measure of productivity used is labour productivity. We conclude that urbanization economies have a …