El impacto de la inversión pública sobre la inversión privada en México, 1980-2007

Felipe Fonseca ()

Estudios Económicos, 2009, vol. 24, issue 2, 187-224

Abstract: Even though there is a growing consensus in the existing literature on the positive effect that public investment generates for economic growth, its impact on private investment is by no means a settled issue. This study seeks to determine empirically the relation between these two variables for the Mexican economy during the 1980-2007 period. The results of dynamic estimations yield a partial crowding out of public investment in the short run, while, in the long run, it exerts a weak and marginal complementarity effect on private investment.

Keywords: public investment; private investment; crowding in effect; crowding out effect. (search for similar items in EconPapers)
JEL-codes: C32 E22 (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:emx:esteco:v:24:y:2009:i:2:p:187-224

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