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Infraestructura bancaria local y producción manufacturera en municipios mexicanos y condados norteamericanos

Author

Listed:
  • David Mayer-Foulkes

    (Division of Economics, CIDE)

  • Saidé Aranzazu Salazar

Abstract

We analyze the impact of local banking infrastructure on manufacturing growth in Mexican municipalities and US counties. We find that aggregate local banking deposits have a positive and significant impact on technological change, and on the use of human capital at the municipal or county level (but not on unskilled labor employment nor on capital accumulation). These effects are stronger for Mexico than for the United States, as can be expected for a more credit constrained economy. We summarize the theoretical explanations for these effects given by both the literature relating financial development to economic growth and the literature on the geographical agglomeration of manufacture.

Suggested Citation

  • David Mayer-Foulkes & Saidé Aranzazu Salazar, 2007. "Infraestructura bancaria local y producción manufacturera en municipios mexicanos y condados norteamericanos," Working papers DTE 388, CIDE, División de Economía.
    • Handle: RePEc:emc:wpaper:dte388
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    File URL: http://www.economiamexicana.cide.edu/RePEc/emc/pdf/DTE/DTE388.pdf
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    More about this item

    Keywords

    local banking infrastructure; manufacturing growth; Mexican municipalities; US counties; technological change;
    All these keywords.

    JEL classification:

    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology

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