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Identification of Key Productive Sectors in the Mexican Economy

Author

Listed:
  • David REVILLA

    (Instituto Nacional de Estad stica y Geograf a, Oaxaca, M xico)

  • Adelaido GARCIA-ANDRES

    (Universidad Aut noma de Nuevo Le n, Monterrey, M xico)

  • Isaac SANCHEZ-JUAREZ

    (Universidad Aut noma de Ciudad Ju rez, Chihuahua, M xico)

Abstract

The aim of this research is to analyze macroeconomic performance and discuss transition indicators in Azerbaijan economy for 1991-2012. After regaining independence in 1991, Azerbaijan implemented economic transition process toward market economy. In the first years of independence, serious economic recession was observed. However, after 1995, the restructuring of the economy started. In this sense, signing the "Contract of the Century" was a turning point toward oil based high speed economic growth or oil boom period. Thus, by opening "Baku-Tbilisi-Ceyhan" pipeline in 2005, Azerbaijan's macroeconomic indicators experienced considerable growth for the following years. On the other hand, Azerbaijan officially declared the end of economic transition process in its economy in 2009. In this paper, the authors discuss the political-economic and economic process in the whole period as well as analyze the macroeconomic performance with and without oil & gas contribution. In addition, the authors question what would happen if economic transition period ended in Azerbaijan's economy. It is concluded that oil & gas production has a serious impact over macroeconomic indicators and transition indicators, and for Azerbaijan it implies only a partly end of economic transition, though not completely.

Suggested Citation

  • David REVILLA & Adelaido GARCIA-ANDRES & Isaac SANCHEZ-JUAREZ, 2015. "Identification of Key Productive Sectors in the Mexican Economy," Expert Journal of Economics, Sprint Investify, vol. 3(1), pages 22-39.
    • Handle: RePEc:exp:econcs:v:3:y:2015:i:1:p:22-39
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    References listed on IDEAS

    as
    1. Hazari, Bharat R, 1970. "Empirical Identification of Key Sectors in the Indian Economy," The Review of Economics and Statistics, MIT Press, vol. 52(3), pages 301-305, August.
    2. Meller, Patricio & Marfan, Manuel, 1981. "Small and Large Industry: Employment Generation, Linkages, and Key Sectors," Economic Development and Cultural Change, University of Chicago Press, vol. 29(2), pages 263-274, January.
    3. Ana Salome Garcia Muniz & Antonio Morillas Raya & Carmen Ramos Carvajal, 2008. "Key Sectors: A New Proposal from Network Theory," Regional Studies, Taylor & Francis Journals, vol. 42(7), pages 1013-1030.
    4. Ana Salomé García & Antonio Morillas & Carmen Rueda, 2005. "Relaciones interindustriales y difusión de la innovación: una aproximación desde la Teoría de Redes," Urban/Regional 0512005, University Library of Munich, Germany.
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    Cited by:

    1. Martin Flegl & Carlos Alberto Jiménez-Bandala & Isaac Sánchez-Juárez & Edgar Matus, 2022. "Analysis of production and investment efficiency in the Mexican food industry: Application of two-stage DEA," Czech Journal of Food Sciences, Czech Academy of Agricultural Sciences, vol. 40(2), pages 109-117.

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    More about this item

    Keywords

    input-output analysis; social network theory; inter-sectorial relations; key sectors; Mexico; development; economic growth;
    All these keywords.

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O21 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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