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1 novembre 2011
- handle: 10670/1.f50o55
Ce document est lié à :
10.4067/S0719-04332011000200006
info:eu-repo/semantics/openAccess
Mots-clés
Mexico economic growth total factor productivitySujets proches
Trade Commercial trade Foreign tradeCiter ce document
TIMOTHY J KEHOE et al., « CATCH-UP GROWTH FOLLOWED BY STAGNATION: MEXICO, 1950-2010 », Latin American Journal of Economics, ID : 10670/1.f50o55
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Résumé
In 1950 Mexico entered an economic takeoff and grew rapidly for more than 30 years. Growth stopped during the crises of 1982-1995, despite major reforms, including liberalization of foreign trade and investment. Since then growth has been modest. We analyze the economic history of Mexico 1877-2010. We conclude that the growth 1950-1981 was driven by urbanization, industrialization, and education and that Mexico would have grown even more rapidly if trade and investment had been liberalized sooner. If Mexico is to resume rapid growth-so that it can approach U.S. levels of income-it needs further reforms.