Crecimiento, empleo y productividad en la industria manufacturera mexicana
AbstractIn this article, we examine whether the Mexican manufacturing industry 'findings' of Kaldor and Verdoorn regarding the relationship between economic growth, changes in labor productivity and employment growth are verified over the 2007:01-2013:08 period. To this, after review the Verdoorn and Kaldor's theoretical and formal analysis aspects, we contrast the relevance of empirical regularities found by these authors based on modern econometric methodology. In particular, we establish the integration order of the series; we test non-causality in the Granger sense, cointegration analysis, regression analysis in levels and growth rates and we built the Error Correction Model (ECM). Finally, we evaluate the simulation and forecasting model's ability through diagnostic tests.
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Bibliographic InfoArticle provided by Universidad Michoacana de San Nicolás de Hidalgo, Instituto de Investigaciones Económicas y Empresariales in its journal Revista Nicolaita de Estudios Económicos.
Volume (Year): VIII (2013)
Issue (Month): 2 ()
increasing returns; Verdoorn law; Kaldor law; manufacturing industry; employment; growth.;
Find related papers by JEL classification:
- C01 - Mathematical and Quantitative Methods - - General - - - Econometrics
- L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
- O18 - Economic Development, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
- O33 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
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