<?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>0186-7202</journal-id>
<journal-title><![CDATA[Estudios Económicos (México, D.F.)]]></journal-title>
<abbrev-journal-title><![CDATA[Estud. Econ. (México, D.F.)]]></abbrev-journal-title>
<issn>0186-7202</issn>
<publisher>
<publisher-name><![CDATA[El Colegio de México A.C.]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0186-72022017000100065</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[El ciclo económico de la productividad y su relación con el ciclo político en México, 1993.1-2014.4]]></article-title>
<article-title xml:lang="en"><![CDATA[The productivity business cycle and its relationship with the political cycle in Mexico, 1993.1 to 2014.4]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Germán-Soto]]></surname>
<given-names><![CDATA[Vicente]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Gámez Garza]]></surname>
<given-names><![CDATA[Cesáreo]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Autónoma de Coahuila  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Universidad Autónoma de Nuevo León  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>06</month>
<year>2017</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>06</month>
<year>2017</year>
</pub-date>
<volume>32</volume>
<numero>1</numero>
<fpage>65</fpage>
<lpage>94</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S0186-72022017000100065&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S0186-72022017000100065&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S0186-72022017000100065&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen: La teoría del ciclo político-económico (CPE) sostiene que las economías se ven favorablemente influenciadas en el último año de administración política y tienden a desacelerarse en el primer año. Para investigar esta hipótesis se analiza el ciclo de la productividad de las industrias manufactureras de México durante 1993.1-2014.4. Los resultados desde modelos dinámicos indican que la fuerza de la productividad es relativamente menor en los trimestres 1 y 4, lo que se relaciona con el ciclo político, ya que también la elasticidad cae en los trimestres del primer año de gobierno y se incrementa en el último.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract: The political-business cycle (PBC) theory sustains that economies are positively influenced in the last year of each government administration and also they tend to slowdown in the first year. To investigate this hypothesis, we analyze the cycle of productivity of the manufacturing industry in Mexico along 1993.1-2014.4. Results from dynamic models indicate that strength of productivity is relatively minor for the quarters 1 and 4, a finding that is related to the political cycle because elasticity also falls in the quarters of the first year of government and increases in the last.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[Ciclo político-económico]]></kwd>
<kwd lng="es"><![CDATA[productividad]]></kwd>
<kwd lng="es"><![CDATA[raíces unitarias]]></kwd>
<kwd lng="en"><![CDATA[Political-business cycle]]></kwd>
<kwd lng="en"><![CDATA[productivity]]></kwd>
<kwd lng="en"><![CDATA[unit roots]]></kwd>
</kwd-group>
</article-meta>
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