<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>2248-6046</journal-id>
<journal-title><![CDATA[Revista Finanzas y Política Económica]]></journal-title>
<abbrev-journal-title><![CDATA[Finanz. polit. econ.]]></abbrev-journal-title>
<issn>2248-6046</issn>
<publisher>
<publisher-name><![CDATA[Universidad Católica de Colombia]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S2248-60462021000100043</article-id>
<article-id pub-id-type="doi">10.14718/revfinanzpolitecon.v13.n1.2021.3</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Financiamiento sostenible de la inversión pública: evidencia para México, 1990-2019]]></article-title>
<article-title xml:lang="en"><![CDATA[Sustainable Financing of Public Investment: Evidence for Mexico, 1990-2019]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Hernández Mota]]></surname>
<given-names><![CDATA[José Luis]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Marín Medrano]]></surname>
<given-names><![CDATA[Iván Abdel]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Autónoma Metropolitana-Azcapotzalco  ]]></institution>
<addr-line><![CDATA[Ciudad de México ]]></addr-line>
<country>Mexico</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Universidad Autónoma Metropolitana-Azcapotzalco  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>06</month>
<year>2021</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>06</month>
<year>2021</year>
</pub-date>
<volume>13</volume>
<numero>1</numero>
<fpage>43</fpage>
<lpage>75</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_arttext&amp;pid=S2248-60462021000100043&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_abstract&amp;pid=S2248-60462021000100043&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_pdf&amp;pid=S2248-60462021000100043&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen El objetivo de este artículo es analizar el gasto en inversión pública con financiamiento externo sostenible. El desarrollo teórico considera las condiciones de solvencia y cumplimiento fiscal que permitan determinar una regla de acumulación de deuda sostenible con una política de gasto en inversión pública. Empíricamente se analiza una función de reacción fiscal que valida la hipótesis de efectos positivos de la implementación de la regla sobre el balance primario y sobre la inversión física presupuestaria para el periodo 1990:I-2019:IV. Los resultados sugieren discutir la pertinencia de modificar la política de endeudamiento y gasto público para el estímulo de la actividad económica. JEL Classification: E62, H62, H63, H68]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract This paper aims to analyze public investment spending with sustainable external financing. The theoretical section examines solvency and fiscal compliance conditions that allow determining a rule for sustainable debt accumulation with a public investment policy. Empirically, a fiscal reaction function is estimated, which validates the hypothesis of positive effects of the implementation of the rule on primary balance and physical budgetary investment for the period 1990:I-2019:IV. The results suggest discussing the relevance of modifying debt and public spending policy in order to stimulate economic activity.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[deuda pública]]></kwd>
<kwd lng="es"><![CDATA[inversión pública]]></kwd>
<kwd lng="es"><![CDATA[reglas fiscales]]></kwd>
<kwd lng="es"><![CDATA[sostenibilidad]]></kwd>
<kwd lng="en"><![CDATA[public debt]]></kwd>
<kwd lng="en"><![CDATA[public investment]]></kwd>
<kwd lng="en"><![CDATA[sustainability]]></kwd>
<kwd lng="en"><![CDATA[fiscal rules]]></kwd>
</kwd-group>
</article-meta>
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