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La restricción externa dinámica al crecimiento de México a través de las propensiones del comercio, 1970-1999

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  • Eduardo Loría

    (Universidad Nacional Autónoma de México)

Abstract

The Post Keynesian argument that the main limitation to growth -basically of any middle income country- is due to the trade deficit. This feature, which is structural, is called -within this frame work- External Constraint to Growth, ECG, through cointegration and ECM analysis for exports and imports functions, it is empirically demonstrated the dynamic evolution of the ECG, for 1970-1999. Despite the Mexican Economy is considerably linked to the international economy, manufacturing leads the growth process and several structural reforms have been implemented since 1985, the main conclusion is that the ECG has not changed.

Suggested Citation

  • Eduardo Loría, 2001. "La restricción externa dinámica al crecimiento de México a través de las propensiones del comercio, 1970-1999," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 16(2), pages 227-251.
  • Handle: RePEc:emx:esteco:v:16:y:2001:i:2:p:227-251
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    File URL: http://estudioseconomicos.colmex.mx/archivo/EstudiosEconomicos2001/227-251.pdf
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    1. Dawn Richards Elliott & Rupert Rhodd, 1999. "Explaining growth rate differences in highly indebted countries: an extension to Thirlwall and Hussain," Applied Economics, Taylor & Francis Journals, vol. 31(9), pages 1145-1148.
    2. H. Sonmez Atesoglu, 1995. "An explanation of the slowdown in US economic growth," Applied Economics Letters, Taylor & Francis Journals, vol. 2(4), pages 91-94.
    3. A. P. Thirlwall, 1997. "macroeconomic issues from a keynesian perspective," Books, Edward Elgar Publishing, number 1280, April.
    4. Juan Carlos Moreno-Brid & Esteban Pérez, 1999. "Balance-of-Payments-Constrained Growth in Central America: 1950–96," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 22(1), pages 131-147, September.
    5. Juan Carlos Moreno-Brid, 1999. "On Capital Flows and the Balance-of-Payments-Constrained Growth Model," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 21(2), pages 283-298, January.
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