Public Investment And Economic Growth In Mexico
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Development And Growth In The Mexican Economy
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Author : Juan Carlos Moreno-Brid
language : en
Publisher: Oxford University Press
Release Date : 2009-04-23
Development And Growth In The Mexican Economy written by Juan Carlos Moreno-Brid and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-04-23 with History categories.
This book is the first comprehensive and systematic English-language treatment of Mexico's economic history to appear in nearly forty years. Drawing on several years of in-depth research, Juan Carlos Moreno-Brid and Jaime Ros, two of the foremost experts on the Mexican economy, examine Mexico's current development policies and problems from a historical perspective. They review long-term trends in the Mexican economy and analyze past episodes of radical shifts in development strategy and in the role of markets and the state. This book provides an overview of Mexico's economic development since Independence that compares the successive periods of stagnation and growth that alternately have characterized Mexico's economic history. It gives special attention to developments since 1940, and it presents a re-evaluation of Mexico's development policies during the State-led industrialization period from 1940 to 1982 as well as during the more recent market reform process. This reevaluation is critical of the dominant trend in economic literature and is revisionist in arguing that, in particular, the market reforms undertaken by successive Mexican governments since 1983 have not addressed the fundamental obstacles to economic growth. Development and Growth in the Mexican Economy also details the country's pioneering role in launching NAFTA, its membership in the OECD, and its radical macroeconomic reforms. Carefully argued and meticulously researched, the book presents a wide-ranging, authoritative study that not only pinpoints problems, but also suggests solutions for removing obstacles to economic stability and pointing the Mexican economy toward the road to recovery.
Mexico S Economy
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Author : Robert E. Looney
language : en
Publisher: Routledge
Release Date : 2019-03-04
Mexico S Economy written by Robert E. Looney and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-03-04 with Political Science categories.
In the spring of 1976, I had the privilege of serving on a Stanford Research Institute team engaged in examining various facets of the Mexican economy. That study provided the opportunity to visit many government ministries and talk with some of Mexico's leading economists. These professional experiences stimulated me to undertake full-scale research on the growth potential of the Mexican economy, a subject in which I had long been interested and on which I had written from time to time, beginning with my book Income Distribution Policies and Economic Growth in Semi-Industrialized Countries: A Comparative Study of Iran, Mexico, Brazil, and South Korea. 1 The present volume might be regarded as the culmination of this endeavor. The methodological approach here is partly descriptive and partly empirical-illustrative formal models are built on both qualitative and theoretical foundations. To sharpen the issue and put the Mexican economy in perspective, international comparisons are made through-out.
Economic Growth And Revolution In Mexico
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Author : James Gray Maddox
language : en
Publisher:
Release Date : 1960
Economic Growth And Revolution In Mexico written by James Gray Maddox and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1960 with categories.
Public Investment As An Engine Of Growth
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Author : Mr. Andrew M. Warner
language : en
Publisher: International Monetary Fund
Release Date : 2014-08-11
Public Investment As An Engine Of Growth written by Mr. Andrew M. Warner and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-08-11 with Business & Economics categories.
This paper looks at the empirical record whether big infrastructure and public capital drives have succeeded in accelerating economic growth in low-income countries. It looks at big long-lasting drives in public capital spending, as these were arguably clear and exogenous policy decisions. On average the evidence shows only a weak positive association between investment spending and growth and only in the same year, as lagged impacts are not significant. Furthermore, there is little evidence of long term positive impacts. Some individual countries may be exceptions to this general result, as for example Ethiopia in recent years, as high public investment has coincided with high GDP growth, but it is probably too early to draw definitive conclusions. The fact that the positive association is largely instantaneous argues for the importance of either reverse causality, as capital spending tends to be cut in slumps and increased in booms, or Keynesian demand effects, as spending boosts output in the short run. It argues against the importance of long term productivity effects, as these are triggered by the completed investments (which take several years) and not by the mere spending on the investments. In fact a slump in growth rather than a boom has followed many public capital drives of the past. Case studies indicate that public investment drives tend eventually to be financed by borrowing and have been plagued by poor analytics at the time investment projects were chosen, incentive problems and interest-group-infested investment choices. These observations suggest that the current public investment drives will be more likely to succeed if governments do not behave as in the past, and instead take analytical issues seriously and safeguard their decision process against interests that distort public investment decisions.
Mexico S Recent Economic Growth
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Author :
language : en
Publisher: University of Texas Press
Release Date : 2014-11-11
Mexico S Recent Economic Growth written by and has been published by University of Texas Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-11-11 with Political Science categories.
The Mexican economy underwent a process of growth and transformation in the twentieth century, which was confirmed by the indexes and figures that economists use to chart the rate of growth, even allowing for possible inaccuracies in these figures. This volume of six essays makes readily available to English-speaking readers a selection of significant contributions by outstanding Mexican economists dealing with the mid-twentieth-century growth of the Mexican economy. Enrique Pérez López provides an overview of the development of the gross national product in the economy and the structural changes that were imperative if basic social goals were to be implemented and the optimal adjustments to changing world conditions effected. Ernesto Fernández Hurtado discusses the process of accommodation and cooperation between the public and the private sectors that has contributed significantly to economic growth, stressing particularly the role of agriculture. Mario Ramón Beteta describes central bank policy and the functioning of the Central Bank, showing how control over credit and the banking system assures stability and accelerating growth through its credit rationing. Alfredo Navarrete R. traces the sources of domestic savings that have provided 90 percent of the capital employed in the economy since the Revolution, and Ifigenia M. de Navarrete demonstrates that rapid economic growth has not resulted in a more equitable distribution of income. Victor Urquidi stresses the balanced growth, achieved by allocating public capital formation to basic infrastructure, that has helped develop agriculture as well as industry, and indicates the nature of the structural change that must occur if the economy is to expand rapidly. In his introduction Tom E. Davis compares growth in Mexico with developments during the same period in Chile and Argentina. The country reached its midcentury standard of living after fifty years of drastic social and political changes under a constitution that altered the system and the concept of private property and the role of the state. These new concepts brought about changes in the structure of production and social relationships, together with a rise to new cultural, technical, and moral levels. These changes, in turn, placed Mexico in a new position with new problems. A question that must be answered is whether the economic goals of the future require a reappraisal of social relationships and of the ways of administering and utilizing the country’s resources and potential productivity.
Mexico S Recent Economic Growth
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Author : Enrique Pérez López
language : en
Publisher: Austin : Published for the Institute of Latin American Studies by the University of Texas Press
Release Date : 1967
Mexico S Recent Economic Growth written by Enrique Pérez López and has been published by Austin : Published for the Institute of Latin American Studies by the University of Texas Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1967 with Mexico categories.
Capital Formation And Economic Development In Mexico
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Author : Joseph S. La Cascia
language : en
Publisher: Greenwood
Release Date : 1969
Capital Formation And Economic Development In Mexico written by Joseph S. La Cascia and has been published by Greenwood this book supported file pdf, txt, epub, kindle and other format this book has been release on 1969 with Economic development categories.
Growth Equality And The Mexican Experience
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Author : Morris Singer
language : en
Publisher: University of Texas Press
Release Date : 2014-11-06
Growth Equality And The Mexican Experience written by Morris Singer and has been published by University of Texas Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-11-06 with Political Science categories.
Central to the research that went into the preparation of this monograph is the relationship between economic development and equality. To determine and characterize that relationship Morris Singer focuses on the various components of equality at different stages of development. The author particularly explores the behavior of income distribution, together with its bearing on the components of aggregate demand. Mexico provided an excellent case to examine in depth because of its impressive growth and the fact that it experienced Latin America’s first successful twentieth-century revolution. Although the Revolution of 1910 hastened social equality and introduced other changes that stimulated Mexico’s economic growth, it could not prevent a serious increase in the inequality of income distribution. By the early 1960s the government found it necessary to rectify this increasing imbalance through a program of expenditures designed to counteract widespread poverty and weak aggregate demand. To ward off inflation, this program in turn could be implemented only by tax reform. In discussing the relationship between development and equality in its various dimensions, noneconomic as well as economic, this monograph points out that, at the time of this study, government policies in Mexico were dictated by an elite concerned primarily with the country’s economic advancement. Singer concludes that if programs of government expenditure and tax reform succeed in remedying the inequalities of income distribution, this could gradually make possible the development of a more genuine political as well as economic democracy. This book reflects Singer’s interest in the relationship between equality and development. It is the result of five months of intensive in-residence study in Mexico, financed in part by a grant from the Social Science Research Council.
Mexican Economy After The Global Financial Crisis
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Author : M. Angeles Villareal
language : en
Publisher: DIANE Publishing
Release Date : 2011
Mexican Economy After The Global Financial Crisis written by M. Angeles Villareal and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with History categories.
This is a print on demand edition of a hard to find publication. Mexico and the U.S. have strong economic, political, and social ties, which have direct policy implications related to bilateral trade, economic competitiveness, migration, and border security. The global financial crisis that began in 2008 and the U.S. economic downturn had strong adverse effects on the Mexican economy. Contents of this report: (1) Intro.; (2) Overview of Mexico¿s Economy: Current Conditions; Ties to the U.S. Economy; Past Economic Policies and Reforms; Effects of the Global Financial Crisis; (3) Effect on Mexico¿s GDP Growth; Exports; Employment; Mfg.; Energy Sector; Foreign Direct Investment Declines; Fall in Remittances; (4) Structural and Other Economic Challenges; (5) Implications for the U.S. Illus.
Economic Policy Reform In Mexico
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Author : Leopoldo Solís
language : en
Publisher: Elsevier
Release Date : 2013-09-11
Economic Policy Reform In Mexico written by Leopoldo Solís and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-09-11 with Business & Economics categories.
Economic Policy Reform in Mexico: A Case Study for Developing Countries is a five-chapter text about political economy that tries to assess the economic developments in Mexico, especially the attempt at economic reform in the early 1970s. The first chapter examines the period of Stabilizing Development to provide a framework necessary for judging the environment in which the attempts at economic reform were undertaken. This chapter is a piece of applied economics that tries to assess the too frequent attacks against that phase of economic policy. The following three chapters discuss the economic policy objectives of Echeverria's administration, the attempt at tax reform, and the change in the structure and practices of public spending. The final chapter evaluates the experience and draws some inferences about the nature of decision making in economic policy and the constraints faced by a government that wants to use economic policy as an instrument for the promotion of social welfare. This book will prove useful to economists, historians, and researchers.