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- Title
Restricción externa al crecimiento por balanza de pagos en México.
- Authors
de la Rosa Mendoza, Juan Ramiro; Ludlow Wiechers, Jorge; León León, Josefina
- Abstract
In this paper we made some reflections about that, despite trade liberalization in Mexico, this has not led to high economic growth. A. P. Thirlwall establishes the importance of manufactured exports to generate greater economic growth. Assuming Thirlwall's law, we establish a measurement to verify contribution of exports to economic growth efforts. The main result is that is very low the growth obtained with restriction of balance of payments, and ranges between -1 and 2 per cent. Additionally, the evolution of investment relative to gross domestic product is displayed and is performed an econometric estimation to evaluate the impact of increased investment to economic growth, finding also that the context of openness and given the economic dynamics, does not favor the investment process.
- Subjects
BALANCE of payments; ECONOMIC development; MEXICAN economy; MEXICAN economic policy; INVESTMENTS; EXPORTS
- Publication
Análisis Económico, 2018, Vol 33, Issue 83, p29
- ISSN
0185-3937
- Publication type
Article