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The financial Kuznets curve for Mexico: an econometric analysis for the period 1995–2022

Author

Listed:
  • Mario Gomez

    (Universidad Michoacana de San Nicolas de Hidalgo. Mexico.)

  • Zaira Zyanya Ramírez

    (Universidad Michoacana de San Nicolas de Hidalgo. Mexico.)

  • Jose Carlos Rodriguez

    (Universidad Michoacana de San Nicolas de Hidalgo. Mexico.)

Abstract

Objective: this paper analyzes the effect of financial development, economic complexity and foreign direct investment on income inequality for 1995-2022.Methodology: unit root and cointegration tests are applied and long-term relationships between variables are estimated with robust methods.Results: evidence is shown that the series are integrated of order one, that there are longterm equilibrium relationships, and that the Kuznets financial curve hypothesis is valid forthe mexican economy.Limitations: the availability of data and not considering other variables such as education and politics in this study.Originality: this research contributes to the literature by analyzing the impact of foreign direct investment, economic complexity and financial development on income inequality.Conclusions: economic complexity, financial development and foreign direct investment can help reduce income inequality in Mexico.

Suggested Citation

  • Mario Gomez & Zaira Zyanya Ramírez & Jose Carlos Rodriguez, 2025. "The financial Kuznets curve for Mexico: an econometric analysis for the period 1995–2022," EconoQuantum, Revista de Economia y Finanzas, Universidad de Guadalajara, Centro Universitario de Ciencias Economico Administrativas, Departamento de Metodos Cuantitativos y Maestria en Economia., vol. 22(2), pages 37-53, July-Dece.
    • Handle: RePEc:qua:journl:v:22:y:2025:i:2:p:37-53
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    File URL: https://econoquantum.cucea.udg.mx/index.php/EQ/article/view/7341/6861
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    Keywords

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    JEL classification:

    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • C30 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - General
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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