The impact of public debt on economic growth: an empirical study of Mexico (1994–2016)

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cepal.articleNo9
cepal.bibLevelSección o Parte de un Documento
cepal.callNumberLC/PUB.2020/4-P
cepal.docTypeRevistas
cepal.jelCodeE62
cepal.jelCodeH63
cepal.jelCodeO54
cepal.jobNumberRVI130_Vaca
cepal.physicalDescriptiongráficos., tablas.
cepal.regionalOfficeSantiago
cepal.sdg1
cepal.topicEngECONOMIC GROWTH
cepal.topicEngECONOMETRICS
cepal.topicEngMACROECONOMICS
cepal.topicEngPUBLIC ADMINISTRATION
cepal.topicSpaCRECIMIENTO ECONÓMICO
cepal.topicSpaECONOMETRÍA
cepal.topicSpaGESTIÓN PÚBLICA
cepal.topicSpaMACROECONOMÍA
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaSpaDESARROLLO ECONÓMICO
dc.contributor.authorVaca Medina, Gustavo
dc.contributor.authorVaca, Jesús
dc.contributor.authorMora Pérez, César Omar
dc.coverage.spatialEngMEXICO
dc.coverage.spatialSpaMEXICO
dc.coverage.temporalEnd2016
dc.coverage.temporalStart1994
dc.date.accessioned2020-09-01T21:27:01Z
dc.date.available2020-09-01T21:27:01Z
dc.date.issued2020-04-20
dc.description.abstractFollowing on from recent literature on the same subject, this paper analyses the impact of public debt on economic growth in Mexico between 1994 and 2016, against a global macroeconomic backdrop of sharp rises in public sector debt indicators, owing to expansionary fiscal strategies adopted after the 2007–2008 crisis. The main objectives of this study are to determine whether the relationship between these two variables has followed a non-linear path in the form of an inverted “U”, and to find the threshold beyond which increases in debt generate marginal decreases in growth. Using a dynamic model, a non-linear inverted U-shaped relationship is demonstrated, and the threshold in the debt-to-GDP ratio is found to be 27%.
dc.formatTexto
dc.format.extentpáginas. 167-18
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/PUB.2020/4-P
dc.identifier.urihttps://hdl.handle.net/11362/45982
dc.language.isoeng
dc.physicalDescriptionp. 167-180; grafs., tabls.
dc.relation.isPartOfCEPAL Review
dc.relation.isPartOfNo130
dc.relation.isPartOfSeriesCEPAL Review
dc.relation.translationLanguagespa
dc.relation.translationRecordEl impacto de la deuda pública en el crecimiento económico: un estudio empírico de México (1994-2016)
dc.relation.translationUrihttps://hdl.handle.net/11362/45430
dc.rights.coarDisponible
dc.subject.unbisEngPUBLIC DEBT
dc.subject.unbisEngECONOMIC CONDITIONS
dc.subject.unbisEngMACROECONOMICS
dc.subject.unbisEngGROSS DOMESTIC PRODUCT
dc.subject.unbisEngECONOMIC GROWTH
dc.subject.unbisEngECONOMETRIC MODELS
dc.subject.unbisSpaDEUDA PUBLICA
dc.subject.unbisSpaCONDICIONES ECONOMICAS
dc.subject.unbisSpaMACROECONOMIA
dc.subject.unbisSpaPRODUCTO INTERNO BRUTO
dc.subject.unbisSpaCRECIMIENTO ECONOMICO
dc.subject.unbisSpaMODELOS ECONOMETRICOS
dc.titleThe impact of public debt on economic growth: an empirical study of Mexico (1994–2016)
dc.type.coarartículo
dspace.entity.typePublication
relation.isAuthorOfPublication2b6018e8-c426-4e9d-89de-a61851171c68
relation.isAuthorOfPublication2296dc4a-a7f1-48ea-9299-3348b9ec6b40
relation.isAuthorOfPublicationaa972f97-c685-4820-9ada-ee1c69cddd96
relation.isAuthorOfPublication.latestForDiscovery2b6018e8-c426-4e9d-89de-a61851171c68
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