Abstract

MORONES CARRILLO, Ana Lourdes. Crecimiento económico en México: restricción por la balanza de pagos. Ens. Rev. econ. [online]. 2016, vol.35, n.1, pp.39-58. ISSN 2448-8402.

The paper analyzes the Thirlwall’s Law for Mexico during 1993-2014. It includes unit roots and cointegration tests that incorporate endogenous structural breaks. The cointegration vector in the theoretical context suggests growth is constrained by the balance of payments in Mexico. The economic growth rate for the period is greater than the balance of payments equilibrium growth rate, what implied trade deficit. The results suggest a structural change to iscourage imports and add value to exports.

Keywords : Economic growth; Exports; Thirwall’s Law; Mexico; Cointegation.

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