The economic cycle of productivity and its relation with the political cycle in Mexico, 1993.1 - 2014.4
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 Mexic...
| Autores: | , |
|---|---|
| Tipo de recurso: | artículo |
| Estado: | Versión publicada |
| Fecha de publicación: | 2017 |
| País: | México |
| Institución: | EL COLEGIO DE MÉXICO |
| Repositorio: | Estudios Económicos de El Colegio de México |
| Idioma: | español |
| OAI Identifier: | oai:oai.estudioseconomicos.colmex.mx:article/3 |
| Acceso en línea: | https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/3 |
| Access Level: | acceso abierto |
| Palabra clave: | political-business cycle productivity unit roots C22 E32 J24 O47 ciclo político-económico productividad raíces unitarias |
| Sumario: | 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. |
|---|