Post-COVID-19 economic growth scenarios for Mexico City
Luis Quintana Romero,
Miguel à ngel Mendoza González,
Carlos Salas Páez and
Marcos Valdivia
Authors registered in the RePEc Author Service: Miguel Ángel Mendoza González
International Journal of Economic Policy in Emerging Economies, 2023, vol. 17, issue 2, 162-182
Abstract:
The objective of this work is to identify post-pandemic recovery scenarios for Mexico City based on different trajectories of labour productivity. Based on the concepts of economic contagion, spatial effects and spatial productivity, the contribution of this work lies in the estimation of a spatial panel model that allows simulating post-COVID economic recovery scenarios. Results show the benefits of implementing an investment policy for certain strategic sectors in the different municipalities of Mexico City, namely higher value added sectors, knowledge-intensive services, green industries, and sectors of high employment generation. These investment decisions could favour Mexico City for decades to come, locking it into a path of economic development that is both environmentally and socially sustainable.
Keywords: economic impacts of COVID-19; Mexico City economy; spatial panel models; sustainable growth; post-pandemic recovery; economic growth; labour productivity; economic contagion; spatial productivity; crisis and COVID-19; economic policy; simulation analysis. (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijepee:v:17:y:2023:i:2:p:162-182
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