El ciclo económico de la productividad y su relación con el ciclo político en México, 1993.1 - 2014.4

Vicente Germán-Soto and Cesáreo Gámez Garza
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Vicente Germán-Soto: Universidad Autónoma de Coahuila
Cesáreo Gámez Garza: Universidad Autónoma de Nuevo León
Authors registered in the RePEc Author Service: Vicente German-Soto ()

Estudios Económicos, 2017, vol. 32, issue 1, 65-94

Abstract: The political-business cycle (PBC) theory sustains that economies are positively influenced in the last year of each government administration and also they tend to slowdown in the first year. To investigate this hypothesis, we analyze the cycle of productivity of the manufacturing industry in Mexico along 1993.1-–2014.4. Results from dynamic models indicate that strength of productivity is relatively minor for the quarters 1 and 4, a finding that is related to the political cycle because elasticity also falls in the quarters of the first year of government and increases in the last.

Keywords: political-business cycle; productivity; unit roots (search for similar items in EconPapers)
JEL-codes: C22 E32 J24 O47 (search for similar items in EconPapers)
Date: 2017
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