Balanza de pagos, estabilidad y crecimiento en México 1979-2005
AbstractThis paper presents an extended model that includes Thirlwall’s simple rule. Growth in Mexico fell from an annual average of 6,76% in 1961-1981 to 2,95% in the 1982-2004 period. Net flows of capital, rents and transfers promote and stabilize the economy, while devaluation does not improve growth. Income growth rates and income elasticities between Mexico and the United States have matched, which prevents convergence of per capita income. Mexico must design and implement an industrial policy if it wants to increase rate of growth and face the fall of oil reserves and the changes in the US migratory policies.
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Bibliographic InfoArticle provided by Universidad Externado de Colombia - Facultad de Economía in its journal Revista de Economía Institucional.
Volume (Year): 11 (2009)
Issue (Month): 21 (July-December)
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México; Keynesian models; international trade; Thirlwall law;
Find related papers by JEL classification:
- F11 - International Economics - - Trade - - - Neoclassical Models of Trade
- F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
- F31 - International Economics - - International Finance - - - Foreign Exchange
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