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Deuda y déficit público en México

Author

Listed:
  • Raúl Aníbal Feliz

    (Centro de investigación y Docencia Económicas)

  • Fernando Atilio Torres

    (Centro de investigación y Docencia Económicas)

Abstract

The objectives of this paper are: To derive the restrictions that the "sustainability" of the public debt -defined as the expectation of an intertemporal balanced public budget- impose on the observed behavior of the time series of the public debt and deficit, and to contrast these restrictions for the case of Mexico during 1981-1988.

Suggested Citation

  • Raúl Aníbal Feliz & Fernando Atilio Torres, 1991. "Deuda y déficit público en México," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 6(1), pages 91-109.
    • Handle: RePEc:emx:esteco:v:6:y:1991:i:1:p:91-109
    as

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    File URL: https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/318/321
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    References listed on IDEAS

    as
    1. Hamilton, James D & Flavin, Marjorie A, 1986. "On the Limitations of Government Borrowing: A Framework for EmpiricalTesting," American Economic Review, American Economic Association, vol. 76(4), pages 808-819, September.
    2. Campbell, John Y & Shiller, Robert J, 1987. "Cointegration and Tests of Present Value Models," Journal of Political Economy, University of Chicago Press, vol. 95(5), pages 1062-1088, October.
    3. Wilcox, David W, 1989. "The Sustainability of Government Deficits: Implications of the Present-Value Borrowing Constraint," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 21(3), pages 291-306, August.
    4. Perron, Pierre, 1988. "Trends and random walks in macroeconomic time series : Further evidence from a new approach," Journal of Economic Dynamics and Control, Elsevier, vol. 12(2-3), pages 297-332.
    5. Raúl Aníbal Feliz, 1990. "¿Responde la bolsa mexicana a los fundamentos?," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 5(2), pages 335-358.
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