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Mexico and Export-Led Growth: The Porfirian Period Revisited

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  • Catao, Luis A V

Abstract

This paper examines Mexico's development experience during the 'golden age' of export-led growth in Latin America. Propelled by liberal reforms under the Porfirio Diaz regime (1877-1910), Mexico's exports expanded at unprecedented rates and this is widely believed to have brought about rapid growth and far-reaching structural changes to the domestic economy. This paper questions this view. Using a new and more comprehensive data set, it argues that buoyant export performance had relatively little impact on key macroeconomic and sectoral indicators. The pre-1911 Mexican experience is thus shown to be quite distinct from that of other large primary producing countries such as Argentina and Canada, where rapid economic growth was largely export-led. Copyright 1998 by Oxford University Press.

Suggested Citation

  • Catao, Luis A V, 1998. "Mexico and Export-Led Growth: The Porfirian Period Revisited," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 22(1), pages 59-78, January.
    • Handle: RePEc:oup:cambje:v:22:y:1998:i:1:p:59-78
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    Cited by:

    1. Abdullahi Ahmed & Enjiang Cheng & George Messinis, 2011. "The role of exports, FDI and imports in development: evidence from Sub-Saharan African countries," Applied Economics, Taylor & Francis Journals, vol. 43(26), pages 3719-3731.
    2. Aurora Gómez Galvarriato & Jeffrey G. Williamson, 2008. "Was It Prices, Productivity or Policy? The Timing and Pace of Latin American Industrialization after 1870," NBER Working Papers 13990, National Bureau of Economic Research, Inc.
    3. Meissner, Christopher M., 2014. "Growth from Globalization? A View from the Very Long Run," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 2, chapter 8, pages 1033-1069, Elsevier.
    4. Bojanic, Antonio N., 2011. "Final Years of the Silver Standard in Mexico: Evidence of Purchasing Power Parity with The United States," MPRA Paper 45535, University Library of Munich, Germany, revised 27 Jul 2011.

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