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Life Is Not Easy: Mexico's Quest for Stability and Growth

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Author Info
Nora Lustig

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Abstract

In the wake of the debt crisis in 1982, Mexico adopted far reaching reforms but growth and stability remained elusive for many years. At present, the reforms and NAFTA seem to be finally paying off: inflation for 2000 is close to 10 percent and output per capita grew at an average of 5.4 percent during the last five years. However, altogether output per capita was only 9 percent higher in 1999 than in 1980, a great disappointment for particularly the 20 million Mexicans that live on less than $2 a day.

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Publisher Info
Article provided by American Economic Association in its journal Journal of Economic Perspectives.

Volume (Year): 15 (2001)
Issue (Month): 1 (Winter)
Pages: 85-106
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Handle: RePEc:aea:jecper:v:15:y:2001:i:1:p:85-106

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  1. Konstantinos Angelopoulos & George Economides & Vangelis Vassilatos, 2008. "Do institutions matter for economic fluctuations? Weak property rights in a business cycle model for Mexico," Working Papers 2008_38, Department of Economics, University of Glasgow. [Downloadable!]
    Other versions:
  2. Clinton Lively, 2001. "Merrill Lynch & Co.: process risk management program," Conference Series ; [Proceedings], Federal Reserve Bank of Boston. [Downloadable!]
  3. Gurleen Popli, 2008. "Gender wage discrimination in Mexico: A distributional approach," Working Papers 2008006, The University of Sheffield, Department of Economics, revised Apr 2008. [Downloadable!]
  4. Miguel Ramirez, 2007. "A Panel Unit Root and Panel Cointegration Test of the Complementarity Hypothesis in the Mexican Case: 1960–2001," Atlantic Economic Journal, International Atlantic Economic Society, vol. 35(3), pages 343-356, September. [Downloadable!] (restricted)
    Other versions:
  5. Aaron Tornell & Frank Westermann & Lorenzo Martinez, 2004. "Nafta and Mexico Less-than-Steller Performance," UCLA Economics Working Papers 833, UCLA Department of Economics. [Downloadable!]
    Other versions:
  6. Martinez-Vazquez, Jorge & Chen, Duanjie, 2001. "The impact of NAFTA and options for tax reform in Mexico," Policy Research Working Paper Series 2669, The World Bank. [Downloadable!]
  7. Fidel Gonzalez & Troy Quast, . "Macroeconomic Changes and Mortality in Mexico," Working Papers 0807, Sam Houston State University, Department of Economics and International Business. [Downloadable!]
  8. Chomo, Grace V., 2002. "Free Trade Agreements Between Developing and Industrialized Countries: Comparing the U.S.-Jordan FTA with Mexico's Experience Under NAFTA," Working Papers 15868, United States International Trade Commission, Office of Economics. [Downloadable!]
  9. Ramirez, Miguel D., 2008. "Are Foreign and Public Capital Productive in the Mexican Case? A Panel Unit Root and Panel Cointegration Analysis," Working Papers 49, Yale University, Department of Economics. [Downloadable!]
  10. Gurleen Popli, 2005. "Rising Wage Inequality in Mexico: Structural Reforms or Changing Labor Market Institutions?," Working Papers 2005016, The University of Sheffield, Department of Economics, revised Nov 2005. [Downloadable!]
  11. Christoph Ernst, 2005. "Trade liberalization, export orientation and employment in Argentina, Brazil and Mexico," Employment strategy papers 2005-15, International Labour Office. [Downloadable!]
  12. Kyoji Fukao & Toshihiro Okubo & Robert M. Stern, 2002. "An Econometric Analysis of Trade Diversion under NAFTA," Discussion papers 02011, Research Institute of Economy, Trade and Industry (RIETI). [Downloadable!]
    Other versions:
  13. Jane Sneddon Little & Robert K. Triest, 2001. "The impact of demographic change on U. S. labor markets," Conference Series ; [Proceedings], Federal Reserve Bank of Boston. [Downloadable!]
    Other versions:
  14. Aaron Tornell & Frank Westermann & Lorenza Martinez, 2004. "NAFTA and Mexico's Economic Performance," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
  15. Popli, Gurleen, 2006. "The rising wage inequality in Mexico, 1984-2000: A distributional analysis," MPRA Paper 399, University Library of Munich, Germany, revised 2006. [Downloadable!]
  16. Aaron Tornell, 2003. "Liberalization, Growth and Financial Crises (October 2003)," UCLA Economics Online Papers 276, UCLA Department of Economics. [Downloadable!]
  17. Gary L. Shelley & Frederick H. Wallace, 2004. "Testing for Long Run Neutrality of Money in Mexico," Macroeconomics 0402003, EconWPA. [Downloadable!]
  18. Robert A. Blecker, 2006. "Macroeconomic and Structural Constraints on Export-Led Growth in Mexico," Working Papers 2006-05, American University, Department of Economics. [Downloadable!]
  19. Jorge Martinez-Vazquez & Duanje Chen, 2001. "NAFTA and Mexico's Tax Policy Reform," International Studies Program Working Paper Series, at AYSPS, GSU paper0102, International Studies Program, Andrew Young School of Policy Studies, Georgia State University. [Downloadable!]
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