La titularidad de los derechos patrimoniales de esta obra pertenece a las instituciones editoras. Su uso se rige por una licencia Creative Commons BY-NC-ND 4.0 Internacional, https://creativecommons.org/licenses/by-nc-nd/4.0/legalcode.es, para un uso diferente consultar al responsable jurídico del repositorio por medio del correo electrónico revprode@unam.mx.
Ver términos de la licenciaRodríguez Benavides, Domingo, et al. (2018). Capital Accumulation and State Growth in Mexico: A Panel Data Analysis. Problemas del Desarrollo. Revista Latinoamericana de Economía; Vol. 49 Núm. 194, 2018. Recuperado de https://repositorio.unam.mx/contenidos/4115092
Autor(es)
Rodríguez Benavides, Domingo; Mendoza, Miguel Ángel; Martínez, Miguel Ángel
Tipo
Artículo de Investigación
Área del conocimiento
Ciencias Sociales y Económicas
Título
Capital Accumulation and State Growth in Mexico: A Panel Data Analysis
Fecha
2021-03-24
Resumen
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.
Tema
Industrialization; economic growth; capital accumulation; investment; panel data; industrialización; crecimiento económico; acumulación de capital; inversiones; datos de panel
Idioma
spa
ISSN
ISSN impreso: 0301-7036; ISSN electrónico: 2007-8951
