<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0186-1042</journal-id>
<journal-title><![CDATA[Contaduría y administración]]></journal-title>
<abbrev-journal-title><![CDATA[Contad. Adm]]></abbrev-journal-title>
<issn>0186-1042</issn>
<publisher>
<publisher-name><![CDATA[Universidad Nacional Autónoma de México, Facultad de Contaduría y Administración]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0186-10422021000300016</article-id>
<article-id pub-id-type="doi">10.22201/fca.24488410e.2021.3116</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Tipo de cambio y crecimiento económico en México]]></article-title>
<article-title xml:lang="en"><![CDATA[Exchange rate and economic growth in Mexico]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Cerezo García]]></surname>
<given-names><![CDATA[Verónica]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Nacional Autónoma de México  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>09</month>
<year>2021</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>09</month>
<year>2021</year>
</pub-date>
<volume>66</volume>
<numero>3</numero>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S0186-10422021000300016&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S0186-10422021000300016&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S0186-10422021000300016&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen Durante 2001-2018 la tasa de inflación se mantuvo baja y estable en México y el crecimiento económico registró una tasa promedio anual de 2.5%, a pesar del constante aumento en las exportaciones El notable estancamiento de la economía mexicana y de otras economías de América Latina, indujo a algunos autores a argumentar que el origen del lento crecimiento estriba en que los bancos centrales aprecian el tipo de cambio para anclar la inflación. Para acelerar el crecimiento económico proponer un tipo de cambio competitivo. Para comprobar esta hipótesis elaboramos un modelo de regresión con rupturas para calcular el tipo de cambio de equilibrio; a partir de esto estimamos un modelo NADRL para conocer las desviaciones (apreciaciones y depreciaciones) con respecto al tipo de cambio de equi librio. Los resultados muestran que durante 1993-2018 un tipo de cambio estable y competitivo per se no acelera el crecimiento económico.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract Mexico's rate of inflation has remained low and stable, while the average growth rate of output (2.5%) has been stagnant over the period 2001-2018, despite the continuous expansion of exports. The persistent stagnation of the Mexican economy and other Latin American economies has prompted some authors to maintain that slow growth results from the Central Banks' practice of appreciating the exchange rate with the aim of anchoring inflation, hence the acceleration of economic growth depends on adopting a competitive exchange rate. In order to test this hypothesis, a regression model with breaks is used to estimate an equilibrium exchange rate; then, a NARDL model is estimated to determine exchange rate deviations (appreciations and depreciations) from the equilibrium value. It is empirically shown that a competitive and stable exchange rate per se was unable to accelerate output growth over the period 1993-2018.]]></p></abstract>
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<kwd lng="es"><![CDATA[Tipo de cambio estable y competitivo]]></kwd>
<kwd lng="es"><![CDATA[Crecimiento económico]]></kwd>
<kwd lng="es"><![CDATA[Modelación econométrica]]></kwd>
<kwd lng="es"><![CDATA[México]]></kwd>
<kwd lng="en"><![CDATA[Exchange rate]]></kwd>
<kwd lng="en"><![CDATA[Economic growth]]></kwd>
<kwd lng="en"><![CDATA[Econometric models]]></kwd>
<kwd lng="en"><![CDATA[Mexico]]></kwd>
</kwd-group>
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