Abstract

ARELLANO MORALES, Mario Alejandro. Consequences of COVID-19 on the economy and public finance in Mexico: Beyond the pandemic. El trimestre econ [online]. 2022, vol.89, n.355, pp.829-864.  Epub Dec 02, 2022. ISSN 2448-718X.  https://doi.org/10.20430/ete.v89i355.1307.

The health crisis generated by the accelerated spread on the planet of the SARS-CoV2 virus-the source of the COVID-19 disease-has had an inevitable negative impact on health systems and simultaneously on the dynamics of the global, regional, and national economies. The structural problems of the Mexican economy and the narrowness of the fiscal space did not arise with the pandemic, they were configured during the last three decades with the implementation of the economic model that privileged market-oriented policies and the withdrawal of state intervention in the economy, in search of a supposed efficiency in the allocation of resources and productive factors. This article analyzes the impact of the COVID-19 disease on the economy and public finances of Mexico, within a perspective that raises the previous existence of structural weaknesses in the economy to generate greater dynamism in production, income, productive investment, job creation, and labor productivity. The health and economic crises represent an opportunity to promote a new economic model that transcends the policies of neoliberal roots, through the design and implementation of an economic policy for the transformation and diversification of production, industrial development, innovation, science, and technology. A new economic model that goes beyond the pandemic, for the development of productive and technological capacities in which economic policy is not an end for macroeconomic stability, but a means to achieve the central objective of social welfare of the population.

Keywords : COVID-19; pandemic; health crisis; economic crisis; socioeconomic development; public finances; E6; H6; I3.

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