<?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>1665-952X</journal-id>
<journal-title><![CDATA[Economía UNAM]]></journal-title>
<abbrev-journal-title><![CDATA[Economía UNAM]]></abbrev-journal-title>
<issn>1665-952X</issn>
<publisher>
<publisher-name><![CDATA[Universidad Nacional Autónoma de México, Instituto de Investigaciones Económicas]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S1665-952X2017000300136</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[El impacto del gasto público sobre la inversión privada en México (1980-2015)]]></article-title>
<article-title xml:lang="en"><![CDATA[The impact of public expenditure on private investment in Mexico (1980-2015)]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Gutiérrez Cruz]]></surname>
<given-names><![CDATA[Francisco Salvador]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Instituto Tecnológico de Monterrey  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>12</month>
<year>2017</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>12</month>
<year>2017</year>
</pub-date>
<volume>14</volume>
<numero>42</numero>
<fpage>136</fpage>
<lpage>149</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S1665-952X2017000300136&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S1665-952X2017000300136&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S1665-952X2017000300136&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen El presente trabajo tiene como principal objetivo indagar acerca de la relación que guardan la inversión privada y el gasto público y la inversión pública en México, para el periodo 1980-2015. Así, en el marco de una nueva crisis del modelo de libre mercado, uno de los debates principales, tanto a nivel nacional como internacional, gira en torno a la intervención estatal en la economía y sus posibles consecuencias. Para este objetivo, se llevó a cabo un análisis de series de tiempo utilizando un modelo ADL, en el que se incluyeron las variables inversión privada, gasto público primario y el PIB. Los resultados obtenidos dictan que tanto para el corto como el largo plazo, el efecto neto total del gasto público primario y del PIB sobre la inversión privada es positivo y de una magnitud considerable. Por esa razón es que en México, entre 1981 y 2015, la caída de la inversión privada como proporción del PIB puede en parte ser explicada por la caída de los distintos tipos de gasto público (incluida la inversión pública) como proporción del PIB. Puede concluirse también que carece de sustento el argumento del Gobierno Mexicano de limitar el gasto público por sus efectos desplazamiento sobre la inversión privada.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract This paper's main objective is to inquire about the relationship between private investment and public expenditure and public investment in Mexico, for the period 1980-2015. Thus, in the framework of a new crisis of free market model, one of the major debates, both nationally and internationally hinges on state intervention in the economy and its possible consequences. For this purpose, was conducted an analysis of time series using an ADL model, which included the variables private investment, primary public expenditure and GDP. The results dictate that both the short and long term, the total net effect of the primary public expenditure and GDP on private investment is positive and of a considerable magnitude. For that reason is that in Mexico, between 1981 and 2015, the fall of private investment as proportion of GDP may in part be explained by the fall of the various types of public expenditure (including public investment) as proportion of GDP. It can be concluded also that without merit the argument of the Mexican government to limit public spending because its crowding out effects on private investment.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[Inversión Pública]]></kwd>
<kwd lng="es"><![CDATA[Inversión Privada]]></kwd>
<kwd lng="es"><![CDATA[PIB]]></kwd>
<kwd lng="es"><![CDATA[Gasto Público Primario]]></kwd>
<kwd lng="es"><![CDATA[Series de Tiempo]]></kwd>
<kwd lng="es"><![CDATA[Efectos Crowding out y Crowding in]]></kwd>
<kwd lng="en"><![CDATA[Public Investment]]></kwd>
<kwd lng="en"><![CDATA[Private Investment]]></kwd>
<kwd lng="en"><![CDATA[GDP]]></kwd>
<kwd lng="en"><![CDATA[Primary Public Expenditure]]></kwd>
<kwd lng="en"><![CDATA[Time Series]]></kwd>
<kwd lng="en"><![CDATA[Crowding out and Crowding in effects]]></kwd>
<kwd lng="en"><![CDATA[C32]]></kwd>
<kwd lng="en"><![CDATA[H50]]></kwd>
</kwd-group>
</article-meta>
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<source><![CDATA[Introducción a series de tiempo univariadas usando STATA]]></source>
<year>2010</year>
</nlm-citation>
</ref>
</ref-list>
</back>
</article>
