Industrial growth and consumer goods inflation in Mexico: an econometric analysis
This paper employs a vector error correction methodology to investigate the long-term determinants of consumer goods inflation and industrial growth in Mexico during the 2001–2016 period. This is underpinned by a aggregate demand-aggregate supply model that brings new explanatory variables into play...
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oai-11362-454142020-04-17T16:18:58Z Industrial growth and consumer goods inflation in Mexico: an econometric analysis Cuevas, Víctor M. Calderón Villarreal, Cuauhtémoc PRODUCCION INDUSTRIAL INFLACION BIENES DE CONSUMO ANALISIS ECONOMICO MODELOS ECONOMETRICOS CRECIMIENTO ECONOMICO INDUSTRIAL PRODUCTION INFLATION CONSUMER GOODS ECONOMIC ANALYSIS ECONOMETRIC MODELS ECONOMIC GROWTH This paper employs a vector error correction methodology to investigate the long-term determinants of consumer goods inflation and industrial growth in Mexico during the 2001–2016 period. This is underpinned by a aggregate demand-aggregate supply model that brings new explanatory variables into play and keeps a priori restrictions on the data to a minimum. The evidence shows that cost-push and demand-pull inflation are both present and reveals the variables at work in each case. This study fills a gap in the empirical literature by showing that labour productivity not only spurs industrial growth, but also lowers consumer goods inflation in the long run. The policy implication of this finding is important given the need to attain faster economic growth without sacrificing price stability. 2020-04-17T15:23:13Z 2020-04-17T15:23:13Z 2019-12-19 Texto Sección o Parte de un Documento http://hdl.handle.net/11362/45414 LC/PUB.2019/26-P 8 en CEPAL Review CEPAL Review 129 .pdf application/pdf MEXICO MEXICO |
| institution |
Cepal |
| collection |
Cepal |
| language |
English |
| topic |
PRODUCCION INDUSTRIAL INFLACION BIENES DE CONSUMO ANALISIS ECONOMICO MODELOS ECONOMETRICOS CRECIMIENTO ECONOMICO INDUSTRIAL PRODUCTION INFLATION CONSUMER GOODS ECONOMIC ANALYSIS ECONOMETRIC MODELS ECONOMIC GROWTH |
| spellingShingle |
PRODUCCION INDUSTRIAL INFLACION BIENES DE CONSUMO ANALISIS ECONOMICO MODELOS ECONOMETRICOS CRECIMIENTO ECONOMICO INDUSTRIAL PRODUCTION INFLATION CONSUMER GOODS ECONOMIC ANALYSIS ECONOMETRIC MODELS ECONOMIC GROWTH Cuevas, Víctor M. Calderón Villarreal, Cuauhtémoc Industrial growth and consumer goods inflation in Mexico: an econometric analysis |
| description |
This paper employs a vector error correction methodology to investigate the long-term determinants of consumer goods inflation and industrial growth in Mexico during the 2001–2016 period. This is underpinned by a aggregate demand-aggregate supply model that brings new explanatory variables into play and keeps a priori restrictions on the data to a minimum. The evidence shows that cost-push and demand-pull inflation are both present and reveals the variables at work in each case. This study fills a gap in the empirical literature by showing that labour productivity not only spurs industrial growth, but also lowers consumer goods inflation in the long run. The policy implication of this finding is important given the need to attain faster economic growth without sacrificing price stability. |
| format |
Texto |
| author |
Cuevas, Víctor M. Calderón Villarreal, Cuauhtémoc |
| author_facet |
Cuevas, Víctor M. Calderón Villarreal, Cuauhtémoc |
| author_sort |
Cuevas, Víctor M. |
| title |
Industrial growth and consumer goods inflation in Mexico: an econometric analysis |
| title_short |
Industrial growth and consumer goods inflation in Mexico: an econometric analysis |
| title_full |
Industrial growth and consumer goods inflation in Mexico: an econometric analysis |
| title_fullStr |
Industrial growth and consumer goods inflation in Mexico: an econometric analysis |
| title_full_unstemmed |
Industrial growth and consumer goods inflation in Mexico: an econometric analysis |
| title_sort |
industrial growth and consumer goods inflation in mexico: an econometric analysis |
| publishDate |
2020 |
| url |
http://hdl.handle.net/11362/45414 |
| work_keys_str_mv |
AT cuevasvictorm industrialgrowthandconsumergoodsinflationinmexicoaneconometricanalysis AT calderonvillarrealcuauhtemoc industrialgrowthandconsumergoodsinflationinmexicoaneconometricanalysis |
| _version_ |
1718434954035068928 |