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- Title
ACUMULACIÓN DE CAPITAL Y CRECIMIENTO ESTATAL EN MÉXICO: UN ANÁLISIS CON DATOS PANEL.
- Authors
Rodríguez Benavides, Domingo; Mendoza González, Miguel Ángel; Martínez García, Miguel Ángel
- Abstract
This paper studies the link between economic growth and state industrial capital stock accumulation using panel data techniques in the time period 1960-2012. The analysis is done in two moments: the age of national industrialization (1960-1982) and the structural reform era (1983-2012). The results point to a long-term relationship in both periods, but with a sign opposite of the expected sign in the latter, suggesting that the deceleration of industrial capital can explain the slowdown over the past three decades. This result is confirmed with the decline of manufacturing, as well as other economic indicators. The causality tests demonstrate two-way causality between the two variables, evincing a virtuous cycle between growth and accumulation.
- Subjects
MEXICO; ECONOMIC development; SAVINGS; MEXICAN economy; MEXICAN economic policy; INDUSTRIALIZATION; PUBLIC investments
- Publication
Problemas del Desarrollo. Revista Latinoamericana de Economía, 2018, Vol 49, Issue 194, p61
- ISSN
0301-7036
- Publication type
Article
- DOI
10.22201/iiec.20078951e.2018.194.61286