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Una interpretación sobre el bajo crecimiento económico en México
[One interpretation of the low economic growth in Mexico]

Author

Listed:
  • Isaac, Sánchez Juárez

Abstract

Since 1982 the Mexican economy was characterized by the presence of low economic growth rates, this situation has caused a severe reduction in employment and thus the welfare of the Mexican population. Following a kaldorian’s framework of development we assume that the process of stagnation suffered by México, especially in recent years is explained by the lack of dynamism in the domestic manufacturing sector. The latter is attributed mainly to the current economic model, implemented in the late eighties, and its associated policies. If not corrected the current economic policy and implemented a strategic industrial policy, the economy will continue to be subject to a structural stagnation and recurrent crisis. The solution is to change the economic model, recognizing the importance of efficient markets and the state to promote economic growth and employment.

Suggested Citation

  • Isaac, Sánchez Juárez, 2011. "Una interpretación sobre el bajo crecimiento económico en México
    [One interpretation of the low economic growth in Mexico]
    ," MPRA Paper 38101, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:38101
    as

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    File URL: https://mpra.ub.uni-muenchen.de/38101/1/MPRA_paper_38101.pdf
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    References listed on IDEAS

    as
    1. Robert Blecker, 2007. "External Shocks, Structural Change, and Economic Growth in Mexico, 1979-2006," Working Papers wp157, Political Economy Research Institute, University of Massachusetts at Amherst.
    2. A. P. Thirlwall, 1983. "A Plain Man’s Guide to Kaldor’s Growth Laws," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 5(3), pages 345-358, March.
    3. Guerrero de Lizardi, Carlos, 2003. "Modelo de crecimiento económico restringido por la balanza de pagos. Evidencia para México, 1940-2000," El Trimestre Económico, Fondo de Cultura Económica, vol. 0(278), pages 253-273, abril-jun.
    4. Martínez, Lorenza & Tornell, Aarón & Westermann, Frank, 2004. "Globalización, crecimiento y crisis financieras. Lecciones de México y del mundo en desarrollo," El Trimestre Económico, Fondo de Cultura Económica, vol. 0(282), pages 251-351, abril-jun.
    5. Carlos Guerrero de Lizardi, 2006. "Thirlwall´s law with an emphasis on the ratio of export/import income elasticities in Latin American economies during the Twentieth Century," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 21(1), pages 23-44.
    6. Ibarra, Carlos Alberto, 2008. "La paradoja del crecimiento lento de México," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Mexico; stagnation; manufactures;

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology

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