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Una interpretación sobre el bajo crecimiento económico en México
[One interpretation of the low economic growth in Mexico]

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  • Isaac, Sánchez Juárez

Abstract

Since 1982 the Mexican economy was characterized by the presence of low economic growth rates, this situation has caused a severe reduction in employment and thus the welfare of the Mexican population. Following a kaldorian’s framework of development we assume that the process of stagnation suffered by México, especially in recent years is explained by the lack of dynamism in the domestic manufacturing sector. The latter is attributed mainly to the current economic model, implemented in the late eighties, and its associated policies. If not corrected the current economic policy and implemented a strategic industrial policy, the economy will continue to be subject to a structural stagnation and recurrent crisis. The solution is to change the economic model, recognizing the importance of efficient markets and the state to promote economic growth and employment.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 38101.

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Date of creation: 03 Jan 2011
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Publication status: Published in Estudios Regionales en Economía, Población y Desarrollo. Cuadernos de trabajo de la UACJ 1.1(2011): pp. 1-32
Handle: RePEc:pra:mprapa:38101

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Keywords: Mexico; stagnation; manufactures;

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  1. Robert A. Blecker, 2008. "External Shocks, Structural Change, and Economic Growth in Mexico 1979–2006," Working Papers 2008-04, American University, Department of Economics.
  2. Martínez, Lorenza & Tornell, Aarón & Westermann, Frank, 2004. "Globalización, crecimiento y crisis financieras. Lecciones de México y del mundo en desarrollo," El Trimestre Económico, Fondo de Cultura Económica, vol. 0(282), pages 251-351, abril-jun.
  3. Guerrero de Lizardi, Carlos, 2003. "Modelo de crecimiento económico restringido por la balanza de pagos. Evidencia para México, 1940-2000," El Trimestre Económico, Fondo de Cultura Económica, vol. 0(278), pages 253-273, abril-jun.
  4. Carlos Guerrero de Lizardi, 2006. "Thirlwall´s law with an emphasis on the ratio of export/import income elasticities in Latin American economies during the Twentieth Century," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 21(1), pages 23-44.
  5. A. P. Thirlwall, 1983. "A Plain Man's Guide to Kaldor's Growth Laws," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 5(3), pages 345-358, April.
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