Determinantes del crecimiento económico en México 1929-2003: Una perspectiva postkeynesiana

Carlos Guerrero-de-Lizardi

No 2004-06, EGAP Working Papers from Tecnológico de Monterrey, Campus Ciudad de México

Abstract: Using a post-Keynesian approach, the paper analyzes the economic growth in the Mexican economy during the period 1929-2003. Our first model emphasizes the role of the ratio of exports/imports income elasticities and the performance of the rest of the world economy, and the second one the relevance of price elasticities, terms of trade, and capital flows. The paper focuses on econometric estimates of involved parameters. During the analyzed period, and selected subperiods, actual growth rates were repeatedly lower than those consistent with a balanced current account. Furthermore, the Mexican economy validates the Marshall-Lerner condition. Finally, starting in 1996 we found a reduced, but positive, impact of capital inflows on the Mexican economy

JEL-codes: C50 E12 (search for similar items in EconPapers)
Date: 2004-06
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Persistent link: https://EconPapers.repec.org/RePEc:ega:docume:200406

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