IDEAS home Printed from https://ideas.repec.org/a/elt/journl/v87y2020i345p133-169.html
   My bibliography  Save this article

Determinantes, tamaño y evolución del mercado interno en México y sus implicaciones macroeconómicas para el crecimiento económico, 1970-2017

Author

Listed:
  • Martínez Hernández, Francisco A.

    (Universidad Anáhuac)

  • Contreras Cleofas, Omar

    (Universidad Nacional Autónoma de México)

Abstract

This document investigates determinants, size and evolution of the domestic market (DM) in Mexico from 1970 to 2017. We use the System of National Accounts of INEGI to propose a new methodology for the estimation of the DM. Subsequently, we analyze the macroeconomic implications associated with the evolution of the DM’s components from a demand side approach. Firstly, we find that the high import coefficients have tended to reduce the main components of the DM. Secondly, from the perspective of income generation, we find econometric evidence that suggests that the total wage bill (TWB) Granger-causes productivity at the macroeconomic level, therefore, an excessive growth of the gross operating surplus (GOS) has tended to shrink the potential of the DM through the reduction of the TWB in the national income. Finally, we find econometric evidence that there was a crowding-in effect of public spending and investment towards private investment in the Mexican economy during the studied period.

Suggested Citation

  • Martínez Hernández, Francisco A. & Contreras Cleofas, Omar, 2020. "Determinantes, tamaño y evolución del mercado interno en México y sus implicaciones macroeconómicas para el crecimiento económico, 1970-2017," El Trimestre Económico, Fondo de Cultura Económica, vol. 87(345), pages 133-169, enero-mar.
    • Handle: RePEc:elt:journl:v:87:y:2020:i:345:p:133-169
    DOI: http://dx.doi.org/10.20430/ete.v87i345.940
    as

    Download full text from publisher

    File URL: http://www.eltrimestreeconomico.com.mx/index.php/te/article/view/940
    Download Restriction: no
    File URL: https://libkey.io/http://dx.doi.org/10.20430/ete.v87i345.940?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    Determinants and evolution of the domestic market; excessive growth of the GOS; contraction of the domestic market; crowding-in effect; error correction models.;
    All these keywords.

    JEL classification:

    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E25 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Aggregate Factor Income Distribution
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:elt:journl:v:87:y:2020:i:345:p:133-169. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Nuria Pliego Vinageras (email available below). General contact details of provider: http://www.fondodeculturaeconomica.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.