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El impacto de la inversión pública sobre la inversión privada en México, 1980-2007

Author

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  • Felipe de Jesús Fonseca Hernández

    (Universidad de Guadalajara)

Abstract

Even though there is a growing consensus in the existing literature on the positive effect that public investment generates for economic growth, its impact on private investment is by no means a settled issue. This study seeks to determine empirically the relation between these two variables for the Mexican economy during the 1980-2007 period. The results of dynamic estimations yield a partial crowding out of public investment in the short run, while, in the long run, it exerts a weak and marginal complementarity effect on private investment.

Suggested Citation

  • Felipe de Jesús Fonseca Hernández, 2009. "El impacto de la inversión pública sobre la inversión privada en México, 1980-2007," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 24(2), pages 187-224.
  • Handle: RePEc:emx:esteco:v:24:y:2009:i:2:p:187-224
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    File URL: http://estudioseconomicos.colmex.mx/archivo/EstudiosEconomicos2009/187-224.pdf
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    Keywords

    public investment; private investment; crowding in effect; crowding out effect.;

    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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