Efectos del gasto público sobre la producción de los estados de México, 2004-2019: Un análisis de panel de datos espacial

Efects of public expenditure on the gross domestic product of the states of Mexico, 2004-209: a spatial data panel analysis

Pablo Mejía Reyes (), Liliana Rendón Rojas (), Marlen Rocío Reyes Hernández () and Roberto Ramírez Rodríguez ()

Estudios Economicos, 2022, vol. 039 (Nueva Serie), issue 78, 97-125

Abstract: This paper analyses the effects of public current and investment expenditure on the gross domestic product (GDP) growth in the states of Mexico over the period 2004-2018. To do this, econometric spatial panel data models are estimated, controlling for the impact of other determinants. The results suggest the existence of spatial interactions between GDP growth rates, as well as positive effects of growth of the tradable goods producing sector and the specialization of the production structure, but negative of the remittance to GDP ratio (smoothing hypothesis). Interestingly, there is no evidence of significant effects of any kind of public spending, implying serious limitations of state governments in boosting production

Keywords: gasto público; producto interno bruto; modelos econométricos espaciales para datos de panel; estados de México; modelo de panel; modelo econométrico; crecimiento de la producción; public expenditure; gross domestic product; econometric spatial panel data models; Mexican states (search for similar items in EconPapers)
JEL-codes: C33 E62 H53 H54 O47 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:uns:esteco:v:39:y:2022:i:78:p:97-125

DOI: 10.52292/j.estudecon.2022.2568

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