1. BALANZA DE PAGOS, ESTABILIDAD Y CRECIMIENTO EN MÉXICO 1979-2005.
- Author
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Aldana, Yanod Márquez
- Subjects
- *
ECONOMIC development , *ECONOMIC expansion , *INDUSTRIAL policy , *BALANCE of payments ,MEXICAN economic policy ,MEXICAN economy, 1918- - Abstract
This paper presents an extended model that includes Thirlwall's simple rule. Growth in Mexico fell from an annual average of 6.76% in 1961-1981 to 2.95% in the 1982-2004 period. Net lows of capital, rents and transfers promote and stabilize the economy, but devaluation does not improve growth. Income growth rates and income elasticities between Mexico and the United States have become equal, which prevents convergence of per capita income. Mexico must design and implement an industrial policy if it wants to increase its rate of growth and face the fall of oil reserves and the changes in US immigration policies. [ABSTRACT FROM AUTHOR]
- Published
- 2009