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La infraestructura y el crecimiento económico en México

Author

Listed:
  • Noriega, Antonio

    (Universidad de Guanajuato)

  • Fontenla, Matías

    (Universidad de Nuevo México)

Abstract
We develop a model where investment in infrastructure complements private investment. We then provide time series evidence for Mexico on both the impact of public infrastructure on output, and on the optimality with which levels of infrastructure have been set. In particular, we look at the long-run effects of shocks to infrastructure on real output. We compute Long-Run Derivatives for kilowatts of electricity, roads and phone lines, and find that shocks to infrastructure have positive and significant effects on real output for electricity and roads. These effects of infrastructure on output are in agreement with growth models where long-run growth is driven by endogenous factors of production. Our results further indicate that for electricity and roads, infrastructure provision has not reached growth maximizing levels.// Establecemos un modelo teórico en que la inversión en infraestructura complementa la inversión privada. Luego aportamos datos de series de tiempo en México del efecto de la infraestructura pública en la producción, y si estos niveles han sido fijados de manera óptima. En particular, estudiamos los efectos de largo plazo de choques en infraestructura en la producción real. Calculamos derivadas de largo plazo para los kilovatios de electricidad, los kilómetros de caminos y el número de líneas telefónicas instaladas. Encontramos que los choques en la infraestructura tienen efectos positivos y significativos en la producción para electricidad y caminos. Nuestros resultados respaldan los modelos en los que el crecimiento de largo plazo es causado por factores de producción endógenos. Para la electricidad y los caminos, la provisión de infraestructura no alcanza el nivel óptimo que maximiza el crecimiento.

Suggested Citation

  • Noriega, Antonio & Fontenla, Matías, 2007. "La infraestructura y el crecimiento económico en México," El Trimestre Económico, Fondo de Cultura Económica, vol. 0(296), pages 885-900, octubre-d.
    • Handle: RePEc:elt:journl:v:74:y:2007:i:296:p:885-900
    DOI: http://dx.doi.org/10.20430/ete.v74i296.386
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    Citations

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    Cited by:

    1. Moritz Cruz & Peter Kriesler, 2010. "International Reserves, Effective Demand and Growth," Review of Political Economy, Taylor & Francis Journals, vol. 22(4), pages 569-587.
    2. Thomas M. FULLERTON & Carlos R. MORALES & Adam G. WALKE, 2014. "The Effects Of Education, Infrastructure, And Demographics On Regional Income Performance In Missouri," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 14(1), pages 5-22.
    3. Carrasco, Carlos A., 2013. "El Nuevo Consenso Macroeconómico y la mediocridad del crecimiento económico en México [New Consensus Macroeconomics and the mediocrity of economic growth in Mexico]," MPRA Paper 53391, University Library of Munich, Germany.
    4. Andrés-Rosales, Roldán & Quintana-Romero, Luis & de Jesús-Almonte, Leobardo & del Río-Rama, María de la Cruz, 2021. "Spatial spillovers of economic growth and public spending in Mexico: Evidence from a SpVAR model, 1999–2019," Economic Analysis and Policy, Elsevier, vol. 71(C), pages 660-673.
    5. de Jesús Fonseca, Felipe & Gómez-Zaldívar, Manuel & Ventosa-Santaulària, Daniel, 2020. "Public investment and economic activity in Mexico, 1925-1981," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 14, pages 1-24.
    6. Vicente German-Soto & Luis Gutierrez Flores & Hector Alonso Barajas Bustillos, 2017. "An analysis of the relationship between infrastructure investment and economic growth in Mexican urban areas, 1985-2008," Economics Bulletin, AccessEcon, vol. 37(4), pages 2422-2433.
    7. Oscar Rodríguez, 2009. "Poverty Reduction Approaches in Mexico Since 1950: Public Spending for Social Programs and Economic Competitiveness Programs," Journal of Business Ethics, Springer, vol. 88(2), pages 269-281, September.

    More about this item

    Keywords

    economic growth; public infrastructure; long-run derivative; crecimiento economico; infraestructura publica; derivada de largo plazo;
    All these keywords.

    JEL classification:

    • C12 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Hypothesis Testing: General
    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean

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