Efecto del gasto público sobre el gasto privado en México

Ramón A. Castillo Ponce and Jorge Herrera Hernández
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Ramón A. Castillo Ponce: California State University, Los Angeles
Jorge Herrera Hernández: Banco de México

Estudios Económicos, 2005, vol. 20, issue 2, 173-196

Abstract: Traditionally, the analysis of the impact of public expenditure on private expenditure has been performed via graphical evaluations and simple econometric exercises. In this document we present a detailed econometric analysis of the relationship between said variables. In particular, we evaluate the existence of a crowding out effect of public consumption and investment on private consumption and investment for the period 1980:I - 2002:II. The econometric results indicate that public investment crowds out private investment in the short-run but complements it in the long-run. In the case of private consumption we find statistically significant evidence of crowding out during the period of analysis.

Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:emx:esteco:v:20:y:2005:i:2:p:173-196

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