®®®® SIIA Público

Título del libro: Economic Growth And Macroeconomic Stabilization Policies In Post-Keynesian Economics: New Directions In Post-Keynesian Economics
Título del capítulo: Trade and growth in middle-income economies: Mexico, Korea, and China

Autores UNAM:
GERARDO HIROSI FUJII GAMBERO; JESUS MANUEL GARCIA RAMOS; JULIO LOPEZ GALLARDO;
Autores externos:

Idioma:

Año de publicación:
2020
Resumen:

A very important achievement associated with Mexico?s increased integration into the international economy is the excellent performance of its manufacturing exports. This contrasts with the evolution of production of tradable goods for the domestic market, where a formidable rise in the import coefficient and in the elasticity of imports with respect to output has occurred. The main objective of the authors? research is to discuss Mexico?s international trade experience. First, they elaborate on the well-known Prebisch?Thirlwall equation for external constraint on growth, expanding the equation to consider different types of exports, and different types of imports. After that, they empirically study the evolution of imports, to ascertain how much of its growth can be accounted for by the export sector, and how much of it has been due to a rise in the import coefficient of production for the domestic market. They conclude by offering some policy recommendations about trade and economic growth. © Hassan Bougrine and Louis-Philippe Rochon 2020. All rights reserved.


Entidades citadas de la UNAM: