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Gasto público, inversión y crecimiento en México , 1980-2014

Author

Listed:
  • Fortuno-Hernández, Josefa Carolina.

    (Universidad Veracruzana)

  • Landa-Díaz, Heri Óscar.

    (Universidad Nacional Autonoma de México)

Abstract

Desde los años ochenta, México ha administrado sus finanzas públicas con base en el enfoque de disciplina fiscal sugerido por la teoría ortodoxa, cuyo objetivo primordial es el equilibrio en las finanzas públicas. Por consiguiente, la política fiscal ha sido restrictiva y su efecto ha disminuido la demanda agregada, en general, y la inversión pública, en particular. Como consecuencia, la economía ha mostrado un lento crecimiento y una tendencia al estancamiento en el largo plazo. El objetivo de este artículo es analizar el impacto de esta política fiscal restrictiva en el crecimiento económico durante el periodo 1980-2014. En esta etapa la economía mexicana ha experimentado recurrentes crisis, ajustes recesivos de estabilización macroeconómica con austeridad fiscal, liberalización económica y finanzas públicas “sanas” (control del déficit fiscal primario). Con el propósito de contrastar los resultados macroeconómicos de esta política de finanzas públicas sanas con los resultados del periodo conocido como desarrollo estabilizador (1959-1970), hemos incluido datos de etapas de desarrollo anteriores a la instauración de las finanzas públicas sanas./ México has managed its public finance based on the fiscal discipline approach since the 1980s. This approach’s main objective is the balance of public finance. Consequently, fiscal policy has been restrictive and its effect has decreased aggregate demand, in general, and public investment in particular. As a result, the economy has shown slow growth and a tendency to stagnation in the long term. The purpose of this paper is to analyze the impact of restrictive fiscal policy on economic growth during 1980-2008. The Mexican economy has experienced recurring crises, recessionary adjustments of macroeconomic stabilization with fiscal austerity, economic liberalization and healthy public finance (control of the primary fiscal deficit). In order to compare the macroeconomic performance of this policy of sound public finance with the results of the period known as stabilizing development (1959-1970), we include data from the latter period.

Suggested Citation

  • Fortuno-Hernández, Josefa Carolina. & Landa-Díaz, Heri Óscar., 2014. "Gasto público, inversión y crecimiento en México , 1980-2014," Panorama Económico, Escuela Superior de Economía, Instituto Politécnico Nacional, vol. 0(19), pages 33-52, segundo s.
    • Handle: RePEc:ipn:panora:v:x:y:2014:i:19:p:33-52
    as

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    References listed on IDEAS

    as
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    More about this item

    Keywords

    finanzas públicas; gasto; inversión./ public Finance; public expenditure; investment.;
    All these keywords.

    JEL classification:

    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity

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