External Shocks, Structural Change, and Economic Growth in Mexico, 1979-2007

被引：33

作者：

Blecker, Robert A. ^{[1
]}

机构：

[1] American Univ, Washington, DC 20016 USA

来源：

WORLD DEVELOPMENT | 2009年 / 37卷 / 07期

关键词：

Latin America; Mexico; external shocks; economic growth; investment; financial inflows; EXPORTS; INVESTMENT; CYCLES;

D O I：

10.1016/j.worlddev.2008.10.004

中图分类号：

F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];

学科分类号：

0201 ; 020105 ; 03 ; 0303 ;

摘要：

This article finds that shocks to net financial inflows, world oil prices, the US growth rate, and the lagged real exchange rate explain most of the fluctuations in Mexico's annual growth since 1979. The article also estimates how the effects of these external constraints have changed since Mexico's liberalization policies of the late 1980s and the formation of NAFTA in 1994. Estimates of an investment function and other tests show that growth drives investment but not conversely, in the short run. Investment is driven mainly by oil prices and the accelerator effect; foreign direct investment has no significant impact. (C) 2008 Elsevier Ltd. All rights reserved.

引用

页码：1274 / 1284

页数：11

共 40 条

[1] Changing nature of North-South linkages: Stylized facts and explanations [J].