Commodity Price Shocks and the Quantity and Quality of Employment in a Fully Dollarised Economy: Evidence from Ecuador, 2010–2025
Between 2022 and 2025, Ecuador’s non-oil exports reached record levels while formal employment stayed near its historical low. Using quarterly data, we estimate the dynamic effect of oil and non-oil export shocks on the quantity and quality of employment with local-projection instrumental-variable methods, instrumentin...