Crecimiento Restringido por Balanza de Pagos: México 1970-2012

  • José Luis Zamora Ortiz
  • Gerardo Ángeles Castro
DOI: https://doi.org/10.33937/reveco.2015.55
Keywords: balance of payments constrained, income elasticity of demand for imports, economic growth, mexican economy

Abstract

This study applies the balance of payments constrained growth model to mexican economy. The long-run income elasticity of demand for real imports, the long-run elasticity of imports with respect to growth rate of relative price, and the speed of adjustment parameter of import demand equation are estimated. ARDL´s cointegration technique is employed to estimate the parameters. Short-run adjustments are explored within a vector error correction framework. The average growth rate predicted by the balance of payments constrained growth model is found to be close to the actual average growth rate over the period 1970-2012.

Portada
Published
2015-01-04
How to Cite
Zamora Ortiz, J. L., & Castro, G. Ángeles. (2015). Crecimiento Restringido por Balanza de Pagos: México 1970-2012. Journal of Economics, Faculty of Economics, Autonomous University of Yucatan, 32(84), 109. https://doi.org/10.33937/reveco.2015.55
Issue
Vol 32 No 84 (2015): Primer Semestre 2015 Vol. XXXII Num.84
Section
Original Articles

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