Convergencia entre las economías de México y EUA
This work analyzes the process of convergence of the per capita incomes of Mexico and the USA from 1954 to 2008. It was found a point of rupture occurring in this process in the last quarter of 1982. It is analyzed the gap between the levels of their per capita incomes and find that it was significantly greater during the period 1983-2008 than in the period 1954-1982. It is then analyzed the process of convergence to see if the variables are co-integrated and to verify the stability of the parameters. It was found that two distinct periods of co-integration occurred from 1954 to 2008; the first period, from 1954 to 1982, and the second, from 1992 to 2008. During the period 1954-1982, a process of absolute convergence occurred, with the Mexican per capita income being in the process of “catching up” with the American. During the latter period, 1992 - 2008, we find co-integration and stability in the parameters, which indicates a stable, but incomplete, convergence taking place at lower levels compared with the convergence registered during the first period. The paper also provides an interpretation of these results with the intention to stimulate the debate about the causes and solutions to the Mexican economic stagnation.
Volume (Year): XXIX (2010)
Issue (Month): 1 (May)
|Contact details of provider:|| Postal: Avenida Lazaro Cardenas 4600 Ote., Fraccionamiento Residencial Las Torres, C.P. 64930. Monterrey, Nuevo Leon. México.|
Phone: +52 (81) 8329 4150
Fax: +52 (81) 8342 2897
Web page: http://www.economia.uanl.mx
More information through EDIRC
|Order Information:|| Email: |
When requesting a correction, please mention this item's handle: RePEc:ere:journl:v:xxix:y:2010:i:1:p:69-104. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dora María Vega Facio)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.