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Private investment in Mexico : an empirical analysis

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  • Musalem, Alberto R.

Abstract

In 1985, Mexico shifted to a growth strategy based on private investment and exports rather than on import substitution and public sector investment. The policy implications of this study, are that to increase investment, Mexico should follow policies aimed at reducing investment adjustment costs and increasing factor mobility and credibility in the program of structural reforms, rather than at subsidizing investment.

Suggested Citation

  • Musalem, Alberto R., 1989. "Private investment in Mexico : an empirical analysis," Policy Research Working Paper Series 183, The World Bank.
    • Handle: RePEc:wbk:wbrwps:183
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    Citations

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    Cited by:

    1. Dinar, Ariel & Keck, Andrew, 1997. "Private irrigation investment in Colombia: effects of violence, macroeconomic policy, and environmental conditions," Agricultural Economics, Blackwell, vol. 16(1), pages 1-15, March.
    2. Owolabi A. & Ibukun – Falayi, Owoola. R., 2015. "Government Sectorial Spending and Its Effect on Nigerian Economic Growth," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 5(6), pages 883-891, June.
    3. Muzurura, Joe, 2016. "Determinants of foreign direct investment (FDI) in Zimbabwe: What factors matter?," MPRA Paper 99873, University Library of Munich, Germany, revised 04 Jun 2016.
    4. Randolph, Susan & Bogetic, Zeljko & Hefley, Dennis, 1996. "Determinants of public expenditure on infrastructure : transportation and communication," Policy Research Working Paper Series 1661, The World Bank.
    5. Stephen S. Everhart & Mariusz A. Sumlinski, 2001. "Trends in Private Investment in Developing Countries : Statistics for 1970-2000 and the Impact on Private Investment of Corruption and the Quality of Public Investment," World Bank Publications - Books, The World Bank Group, number 13989.
    6. Eliana Cardoso, 1991. "Capital Formation in Latin America," NBER Working Papers 3616, National Bureau of Economic Research, Inc.
    7. Cruz, Bruno de Oliveira & Teixeira, Joanílio Rodolpho, 1999. "The impact of public investment on private investment in Brazil, 1947-1990," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), April.
    8. Fielding, David, 1997. "Adjustment, trade policy and investment slumps: evidence from Africa," Journal of Development Economics, Elsevier, vol. 52(1), pages 121-137, February.

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