SciELO - Scientific Electronic Library Online

 
vol.11 issue21FROM THE RADICALISM TO THE REGENERATION. THE MONETARY ISSUE (1880-1903)THE COMPETITIVENESS OF PORTUGUESE TOWNS - THE CASE OF DISTRICT CAPITAL TOWNS author indexsubject indexarticles search
Home Pagealphabetic serial listing  

Services on Demand

Journal

Article

Indicators

Related links

  • On index processCited by Google
  • Have no similar articlesSimilars in SciELO
  • On index processSimilars in Google

Share


Revista de Economía Institucional

Print version ISSN 0124-5996

Abstract

MARQUEZ ALDANA, Yanod. BALANCE OF PAYMENTS, STABILITY AND GROWTH IN MÉXICO 1979-2005. Rev.econ.inst. [online]. 2009, vol.11, n.21, pp.179-203. ISSN 0124-5996.

This paper presents an extended model that includes Thirlwall's simple rule. Growth in Mexico fell from an annual average of 6,76% in 1961-1981 to 2,95% in the 1982-2004 period. Net flows of capital, rents and transfers promote and stabilize the economy, while devaluation does not improve growth. Income growth rates and income elasticities between Mexico and the United States have matched, which prevents convergence of per capita income. Mexico must design and implement an industrial policy if it wants to increase rate of growth and face the fall of oil reserves and the changes in the US migratory policies.

Keywords : México; Keynesian models; international trade; Thirlwall law.

        · abstract in Spanish     · text in Spanish     · Spanish ( pdf )

 

Creative Commons License All the contents of this journal, except where otherwise noted, is licensed under a Creative Commons Attribution License