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Mexico's Economic Growth Quandary: Time for a Classical Development Theory Approach?

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  • Anuar Sucar Díaz Ceballos

    (Universidad de massachusetts amherst, Estados Unidos.)

Abstract

This paper addresses the problem of mexico's slow economic growth. Based on the lessons of the classical Development Theory, it advances a hypothesis on the reasons why second-generation structural reforms, embodied in the pacto por méxico, do not address the principal binding constraints to economic growth.

Suggested Citation

  • Anuar Sucar Díaz Ceballos, 2022. "Mexico's Economic Growth Quandary: Time for a Classical Development Theory Approach?," Economía: teoría y práctica, Universidad Autónoma Metropolitana, México, vol. 57(2), pages 17-44, Julio-Dic.
    • Handle: RePEc:ety:journl:v:57:y:2022:i:2:p:17-44
    DOI: 10.24275/ETYPUAM/NE/572022/Diaz
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    References listed on IDEAS

    as
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    4. Codrina Rada, 2007. "Stagnation or transformation of a dual economy through endogenous productivity growth," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 31(5), pages 711-740, September.
    5. Mart�n Rapetti & Peter Skott & Arslan Razmi, 2012. "The real exchange rate and economic growth: are developing countries different?," International Review of Applied Economics, Taylor & Francis Journals, vol. 26(6), pages 735-753, April.
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    7. Timothy J. Kehoe & Kim J. Ruhl, 2010. "Why Have Economic Reforms in Mexico Not Generated Growth?," Journal of Economic Literature, American Economic Association, vol. 48(4), pages 1005-1027, December.
    8. Juan Carlos Moreno-Brid, 1999. "Mexico's Economic Growth and the Balance of Payments Constraint: A cointegration analysis," International Review of Applied Economics, Taylor & Francis Journals, vol. 13(2), pages 149-159.
    9. Peter Skott & Jaime Ros, 1997. "The “Big Push” in an Open Economy with Nontradable Inputs," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 20(1), pages 149-162, September.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Economic growth; structural reforms; pacto por méxico; structural change; economic development;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O20 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - General
    • Y - Miscellaneous Categories
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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