<?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>S1665-53462024000400008</article-id>
<article-id pub-id-type="doi">10.21919/remef.v19i4.851</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Desarrollo industrial, profundización financiera e innovación: un estudio para México]]></article-title>
<article-title xml:lang="en"><![CDATA[Industrial Development, Financial Deepening and Innovation: A Study for Mexico]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Landa Díaz]]></surname>
<given-names><![CDATA[Heri Oscar]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Autónoma Metropolitana  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>12</month>
<year>2024</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>12</month>
<year>2024</year>
</pub-date>
<volume>19</volume>
<numero>4</numero>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S1665-53462024000400008&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S1665-53462024000400008&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S1665-53462024000400008&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen El objetivo de este trabajo es examinar, mediante un modelo panel de efectos fijos, el impacto del crédito bancario, así como de la apertura económica y del capital tecnológico, sobre la dinámica del valor agregado en 14 subsectores manufactureros de México durante el periodo 2003-2021. Los resultados principales sugieren: i) una relación positiva entre el crédito y la dinámica manufacturera, aunque este efecto es marginal; ii) que un aumento de las exportaciones y la inversión extranjera directa impulsa la expansión económica, especialmente entre las industrias dinámicas; iii) que la innovación tecnológica constituye el factor determinante de la actividad industrial. Con esta evidencia, es posible concluir que, a pesar de la profundización del sistema financiero en México, este proceso resulta insuficiente para el tamaño y requerimientos de inversión de la economía. En este contexto, se debe instrumentar una miscelánea de políticas para redefinir los incentivos de mercado que permitan optimizar la internalización de las ganancias asociadas con el desarrollo bancario. La contribución del artículo reside en analizar a nivel de subsector económico las implicaciones de la profundización financiera sobre el crecimiento.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract The aim of this paper is to examine, using a fixed effects panel model, the impact of bank credit, as well as economic openness and technological capital, on the dynamics of added value in 14 manufacturing subsectors of Mexico during the period 2003- 2021. The main findings suggest: i) a positive relationship between credit and manufacturing dynamics, although this effect is marginal; ii) that an increase in exports and foreign direct investment drives economic expansion, especially among dynamic industries; iii) that technological innovation is the determining factor of industrial activity. With this evidence, it is possible to conclude that, despite the deepening of the financial system in Mexico, this process is insufficient for the size and investment requirements of the economy. In this context, a miscellany of policies must be implemented to redefine market incentives that allow optimizing the internalization of the gains associated with banking development. The contribution of the paper lies in analyzing at the economic subsector level the implications of financial deepening on growth.]]></p></abstract>
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<kwd lng="es"><![CDATA[Desarrollo industrial]]></kwd>
<kwd lng="es"><![CDATA[sistema bancario]]></kwd>
<kwd lng="es"><![CDATA[innovación]]></kwd>
<kwd lng="es"><![CDATA[crecimiento económico]]></kwd>
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<kwd lng="en"><![CDATA[Industrial development]]></kwd>
<kwd lng="en"><![CDATA[banking system]]></kwd>
<kwd lng="en"><![CDATA[innovation]]></kwd>
<kwd lng="en"><![CDATA[economic growth]]></kwd>
<kwd lng="en"><![CDATA[panel model]]></kwd>
</kwd-group>
</article-meta>
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</ref>
</ref-list>
</back>
</article>
