El impacto de la inversión pública sobre la inversión privada en México, 1980-2007
Even though there is a growing consensus in the existing literature on the positive effect that public investment generates for economic growth, its impact on private investment is by no means a settled issue. This study seeks to determine empirically the relation between these two variables for the...
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| Format: | Online |
| Langue: | espagnol |
| Éditeur: |
El Colegio de México, A.C.
2009
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| Accès en ligne: | https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/125 |
| Institution: |
Estudios Económicos |
| Résumé: | Even though there is a growing consensus in the existing literature on the positive effect that public investment generates for economic growth, its impact on private investment is by no means a settled issue. This study seeks to determine empirically the relation between these two variables for the Mexican economy during the 1980-2007 period. The results of dynamic estimations yield a partial crowding out of public investment in the short run, while, in the long run, it exerts a weak and marginal complementarity effect on private investment. |
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