Economic growth in Mexico: restriction due to the balance of payments: Crecimiento económico en México: restricción por la balanza de pagos
The paper analyzes the Thirlwall’s Law for Mexico during 1993-2014. It includes unit roots and cointegration tests that incorporate endogenous structural breaks. The cointegration vector in the theoretical context suggests growth is constrained by the balance of payments in Mexico. The economic grow...
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| Tipo de recurso: | artículo |
| Estado: | Versión publicada |
| Fecha de publicación: | 2016 |
| País: | México |
| Institución: | UNIVERSIDAD AUTÓNOMA DE NUEVO LEÓN |
| Repositorio: | Ensayos Revista de Economía |
| Idioma: | español |
| OAI Identifier: | oai:ensayos.uanl.mx:article/13 |
| Acceso en línea: | https://ensayos.uanl.mx/index.php/ensayos/article/view/39-58 |
| Access Level: | acceso abierto |
| Palabra clave: | Economic growth Exports Thirwall’s Law Mexico Cointegation E12 F14 F43 O47 Crecimiento Económico Exportaciones Ley de Thirlwall México Cointegración |
| Sumario: | The paper analyzes the Thirlwall’s Law for Mexico during 1993-2014. It includes unit roots and cointegration tests that incorporate endogenous structural breaks. The cointegration vector in the theoretical context suggests growth is constrained by the balance of payments in Mexico. The economic growth rate for the period is greater than the balance of payments equilibrium growth rate, what implied trade deficit. The results suggest a structural change to discourage imports and add value to exports. |
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