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Economía, sociedad y territorio
On-line version ISSN 2448-6183Print version ISSN 1405-8421
Abstract
RENDON-ROJAS, Liliana and MEJIA-REYES, Pablo. Manufacturing production in two regions of the state of Mexico: an assessment of Kaldor's laws. Econ. soc. territ [online]. 2015, vol.15, n.48, pp.425-454. ISSN 2448-6183.
On the basis of the first two Kaldor's Laws and the estimation of panel data models, this paper shows that the generation of chemical products and others as well as metal products, machinery and equipment have significant effects on the growth rate of the manufacturing production of the Toluca-Lerma and Valle de México regions over the period 1970-2008 (First law). In addition, our results suggest the existence of increasing or constant-scale economies in the former and constant or decreasing-scale economies in the latter (Second law), which contributes to explain the differences in their growth.
Keywords : Regional manufacturing production; Kaldor's laws.