El impacto de las inversiones públicas sobre la inversión privada en México, 1925-2006

Felipe de Jesús Fonseca Hernández ()
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Felipe de Jesús Fonseca Hernández: Universidad de Guadalajara

Finanzas Públicas, 2009, vol. 1, issue 1, 49-78

Abstract: Traditionally, the impact of public investment on private investment has been analyzed in an aggregated way, neglecting the impact of specific areas of public investment. In order to test the complementarity hypothesis for the Mexican economy during the 1925-2006 period, this study investigates the impact of different sectors of public investment on private investment. The results of dynamic autorregresive distributed lag relations (ADL), indicate a partial crowding out of public investments in communications and transports, and industrial promotion (through public enterprises) on private investment. On the other hand, public investment in agricultural, public administration, and social sector, result in a complementary effect over private investment.

Keywords: Públicas; Inversión Privada; Efectos Complementario y Desplazamiento (search for similar items in EconPapers)
JEL-codes: C32 E22 (search for similar items in EconPapers)
Date: 2009
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