Is there any evidence of political-business cycle in the sectorial employment of Mexico, 1998-2013?

Marlen R. Reyes Hernández (), Pablo Mejía Reyes and Liliana Rendón Rojas
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Marlen R. Reyes Hernández: Universidad Autónoma del Estado de México, México
Pablo Mejía Reyes: Universidad Autónoma del Estado de México, México
Liliana Rendón Rojas: Universidad Autónoma del Estado de México, México

Contaduría y Administración, 2017, vol. 62, issue 1, 25–43

Abstract: This paper looks for evidence of political-business cycles associated to the presidential elections in the Mexican sectorial employment over the period 1998-2013. By estimating panel data models, and controlling for the effects of the major determinants of employment, no evidence consistent with the predictions of the theoretical opportunistic model is found, i.e. whereas employment shows an expansion before and during the elections periods, the estimates are neither statistically significant nor robust. Furthermore, employment does not experience contractions after the elections or the office taking periods. Notwithstanding, the evidence suggests that employment is positively and negatively affected by output and real wages, respectively.

Keywords: Political business cycle; Employment; Wages; Production (search for similar items in EconPapers)
JEL-codes: D72 E24 E32 E61 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:nax:conyad:v:62:y:2017:i:1:p:25-43

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