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El impacto de las inversiones públicas sobre la inversión privada en México, 1925-2006

Author

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  • Fonseca Hernández, Felipe de Jesús

    (Universidad de Guadalajara)

Abstract

Traditionally, the impact of public investment on private investment has been analyzed in an aggregated way, neglecting the impact of specific areas of public investment. In order to test the complementarity hypothesis for the Mexican economy during the 1925-2006 period, this study investigates the impact of different sectors of public investment on private investment. The results of dynamic autorregresive distributed lag relations (ADL), indicate a partial crowding out of public investments in communications and transports, and industrial promotion (through public enterprises) on private investment. On the other hand, public investment in agricultural, public administration, and social sector, result in a complementary effect over private investment.

Suggested Citation

  • Fonseca Hernández, Felipe de Jesús, 2009. "El impacto de las inversiones públicas sobre la inversión privada en México, 1925-2006," Finanzas Públicas, Centro de Estudios de las Finanzas Públicas, H. Cámara de Diputados, vol. 1(1), pages 49-78.
    • Handle: RePEc:fpu:articu:200902
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    More about this item

    Keywords

    Públicas; Inversión Privada; Efectos Complementario y Desplazamiento;
    All these keywords.

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity

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