<?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>1665-5346</journal-id>
<journal-title><![CDATA[Revista mexicana de economía y finanzas]]></journal-title>
<abbrev-journal-title><![CDATA[Rev. mex. econ. finanz]]></abbrev-journal-title>
<issn>1665-5346</issn>
<publisher>
<publisher-name><![CDATA[Instituto Mexicano de Ejecutivos de Finanzas A.C.]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S1665-53462019000300415</article-id>
<article-id pub-id-type="doi">10.21919/remef.v14i3.311</article-id>
<title-group>
<article-title xml:lang="en"><![CDATA[Credit Constraints and Investment in Mexico, an Empirical Test]]></article-title>
<article-title xml:lang="es"><![CDATA[Restricciones al crédito e inversión en México, una prueba empírica]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Gómez-Ramírez]]></surname>
<given-names><![CDATA[Leopoldo]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad del Norte  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Colombia</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>09</month>
<year>2019</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>09</month>
<year>2019</year>
</pub-date>
<volume>14</volume>
<numero>3</numero>
<fpage>415</fpage>
<lpage>432</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S1665-53462019000300415&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S1665-53462019000300415&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S1665-53462019000300415&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract Despite the vast overhaul the Mexican economy has gone through since the 1980s, the promised high and sustained economic growth has not materialized. Scholars and policy makers are unanimous in pointing to Credit Constraints as one of the key reasons for the disappointing growth performance. The link between financial restrictions and Investment decisions, however, has not been solidly verified in the Mexican literature. This paper intends to start filling this lacuna. Using recent microeconomic, firm-level data which is reasonably nationally representative, it tests the hypothesis that Credit Constraints have reduced Investment among Mexican firms. Consistent with the general thrust of the literature, it is found that indeed financial restrictions have reduced the Investment carried out by Mexican firms. The result holds under different econometric estimations.]]></p></abstract>
<abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen A pesar del vasto giro económico que la economía mexicana ha experimentado desde los 1980s, el prometido alto y sostenido crecimiento no se ha materializado. Tanto los(as) académicos(as) como los(as) hacedores(as) de políticas económicas han señalado de manera unánime a las restricciones al crédito como una de las razones centrales del decepcionante desempeño del crecimiento. Sin embargo, la relación entre las restricciones financieras y las decisiones de inversión no ha sido sólidamente verificada en la literatura sobre México. Este artículo busca empezar a llenar este vacío. Usando datos recientes a nivel de firma que son razonablemente representativos a nivel nacional, prueba la hipótesis según la cual las restricciones al crédito han reducido la inversión de las empresas en México. De acuerdo con el sentido general de la literatura, se halló que en efecto las restricciones financieras han reducido de manera significativa la inversión llevada a cabo por las firmas. Los resultados se sostienen bajo diferentes estimaciones econométricas.]]></p></abstract>
<kwd-group>
<kwd lng="en"><![CDATA[Contemporary Mexico]]></kwd>
<kwd lng="en"><![CDATA[Credit Constraints]]></kwd>
<kwd lng="en"><![CDATA[Investment]]></kwd>
<kwd lng="en"><![CDATA[O16]]></kwd>
<kwd lng="en"><![CDATA[G20]]></kwd>
<kwd lng="en"><![CDATA[O54]]></kwd>
<kwd lng="es"><![CDATA[México contemporáneo]]></kwd>
<kwd lng="es"><![CDATA[restricciones al crédito]]></kwd>
<kwd lng="es"><![CDATA[inversión]]></kwd>
<kwd lng="es"><![CDATA[O16]]></kwd>
<kwd lng="es"><![CDATA[G20]]></kwd>
<kwd lng="es"><![CDATA[O54]]></kwd>
</kwd-group>
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