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El impacto de la inversión pública sobre la inversión privada en México, 1980-2007

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  • Felipe de Jesús Fonseca Hernández

    (Universidad de Guadalajara)

Abstract

Even though there is a growing consensus in the existing literature on the positive effect that public investment generates for economic growth, its impact on private investment is by no means a settled issue. This study seeks to determine empirically the relation between these two variables for the Mexican economy during the 1980-2007 period. The results of dynamic estimations yield a partial crowding out of public investment in the short run, while, in the long run, it exerts a weak and marginal complementarity effect on private investment.

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File URL: http://codex.colmex.mx:8991/exlibris/aleph/a18_1/apache_media/T19GJR86JV6YAJYYPA8TK1S2DA1SQY.pdf
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Bibliographic Info

Article provided by El Colegio de México, Centro de Estudios Económicos in its journal Estudios Económicos.

Volume (Year): 24 (2009)
Issue (Month): 2 ()
Pages: 187-224

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Handle: RePEc:emx:esteco:v:24:y:2009:i:2:p:187-224

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Web page: http://www.colmex.mx/centros/cee/
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Related research

Keywords: public investment; private investment; crowding in effect; crowding out effect.;

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