IDEAS home Printed from https://ideas.repec.org/a/qua/journl/v3y2007i2p7-32.html
   My bibliography  Save this article

Endogenous growth in Mexico: The role of US economic activity and balance of payments transfers

Author

Listed:
  • Alejandro Rodriguez Arana

    () (Universidad Iberoamericana)

Abstract

Este articulo realiza un ejercicio de calibracion de un modelo del tipo AK para el caso de Mexico. El financiamiento a la inversion se modela considerando tanto la razon de ahorro domestico al PIB como los ingresos netos por servicios factoriales y los flujos de capital de la balanza de pagos. De acuerdo con el modelo planteado, los parametros actuales que determinan el crecimiento economico del pais son compatibles con una tasa de crecimiento de largo plazo cercana a 3.6%. En estas circunstancias, la razon entre el PIB de Mexico y el de Estados Unidos creceria moderadamente en el tiempo. El crecimiento de largo plazo de Mexico depende fuertemente de las transferencias netas de la balanza de pagos, las cuales se conforman hoy en dia principalmente por remesas familiares y por el crecimiento economico de Estados Unidos. Estas variables estan fuera de control para nuestro pais. La situacion muestra claramente que el ahorro domestico es muy limitado. El articulo concluye que para asegurar un crecimiento positivo que mejore los niveles de vida y el tamano relativo de Mexico con respecto a Estados Unidos, es necesario implementar politicas que incrementen el ahorro domestico y la productividad.

Suggested Citation

  • Alejandro Rodriguez Arana, 2007. "Endogenous growth in Mexico: The role of US economic activity and balance of payments transfers," EconoQuantum, Revista de Economia y Negocios, Universidad de Guadalajara, Centro Universitario de Ciencias Economico Administrativas, Departamento de Metodos Cuantitativos y Maestria en Economia., vol. 3(2), pages 7-32, Enero-Jun.
  • Handle: RePEc:qua:journl:v:3:y:2007:i:2:p:7-32
    as

    Download full text from publisher

    File URL: http://econoquantum.cucea.udg.mx/volumen_3_num_2/vol_3_no_2_art_1.pdf
    Download Restriction: no

    File URL: http://econoquantum.cucea.udg.mx/?page_id=208
    Download Restriction: no

    References listed on IDEAS

    as
    1. Khaled Hussein & A. P. Thirlwall, 2000. "The Model of “New” Growth Theory Is the Harrod-Domar Growth Equation: Investment and Growth Revisited," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 22(3), pages 427-435, March.
    2. Anthony P. Thirlwall, 2011. "The Balance of Payments Constraint as an Explanation of International Growth Rate Differences," PSL Quarterly Review, Economia civile, vol. 64(259), pages 429-438.
    3. T. W. Swan, 1956. "ECONOMIC GROWTH and CAPITAL ACCUMULATION," The Economic Record, The Economic Society of Australia, vol. 32(2), pages 334-361, November.
    4. Itay Goldstein & Assaf Razin, 2005. "Foreign Direct Investment vs. Foreiegn Portfolio Investment," NBER Working Papers 11047, National Bureau of Economic Research, Inc.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Growth; remittances; savings.;

    JEL classification:

    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:qua:journl:v:3:y:2007:i:2:p:7-32. 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: (Sandra Ivett Portugal Padilla). General contact details of provider: http://edirc.repec.org/data/dmudgmx.html .

    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 CitEc recognized a reference but did not link an item in RePEc 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 RePEc Author Service 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.