CATCH-UP GROWTH FOLLOWED BY STAGNATION: MEXICO, 1950-2010

In 1950 Mexico entered an economic takeoff and grew rapidly for more than 30 years. Growth stopped during the crises of 1982-1995, despite major reforms, including liberalization of foreign trade and investment. Since then growth has been modest. We analyze the economic history of Mexico 1877-2010....

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Autores principales:	KEHOE,TIMOTHY J, MEZA,FELIFE
Lenguaje:	English
Publicado:	Pontificia Universidad Católica de Chile. Instituto de Economía. 2011
Materias:	Mexico economic growth total factor productivity
Acceso en línea:	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0719-04332011000200006
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spelling	oai:scielo:S0719-043320110002000062012-05-29CATCH-UP GROWTH FOLLOWED BY STAGNATION: MEXICO, 1950-2010KEHOE,TIMOTHY JMEZA,FELIFE Mexico economic growth total factor productivity In 1950 Mexico entered an economic takeoff and grew rapidly for more than 30 years. Growth stopped during the crises of 1982-1995, despite major reforms, including liberalization of foreign trade and investment. Since then growth has been modest. We analyze the economic history of Mexico 1877-2010. We conclude that the growth 1950-1981 was driven by urbanization, industrialization, and education and that Mexico would have grown even more rapidly if trade and investment had been liberalized sooner. If Mexico is to resume rapid growth-so that it can approach U.S. levels of income-it needs further reforms.info:eu-repo/semantics/openAccessPontificia Universidad Católica de Chile. Instituto de Economía.Latin american journal of economics v.48 n.2 20112011-11-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0719-04332011000200006en10.4067/S0719-04332011000200006
institution	Scielo Chile
collection	Scielo Chile
language	English
topic	Mexico economic growth total factor productivity
spellingShingle	Mexico economic growth total factor productivity KEHOE,TIMOTHY J MEZA,FELIFE CATCH-UP GROWTH FOLLOWED BY STAGNATION: MEXICO, 1950-2010
description	In 1950 Mexico entered an economic takeoff and grew rapidly for more than 30 years. Growth stopped during the crises of 1982-1995, despite major reforms, including liberalization of foreign trade and investment. Since then growth has been modest. We analyze the economic history of Mexico 1877-2010. We conclude that the growth 1950-1981 was driven by urbanization, industrialization, and education and that Mexico would have grown even more rapidly if trade and investment had been liberalized sooner. If Mexico is to resume rapid growth-so that it can approach U.S. levels of income-it needs further reforms.
author	KEHOE,TIMOTHY J MEZA,FELIFE
author_facet	KEHOE,TIMOTHY J MEZA,FELIFE
author_sort	KEHOE,TIMOTHY J
title	CATCH-UP GROWTH FOLLOWED BY STAGNATION: MEXICO, 1950-2010
title_short	CATCH-UP GROWTH FOLLOWED BY STAGNATION: MEXICO, 1950-2010
title_full	CATCH-UP GROWTH FOLLOWED BY STAGNATION: MEXICO, 1950-2010
title_fullStr	CATCH-UP GROWTH FOLLOWED BY STAGNATION: MEXICO, 1950-2010
title_full_unstemmed	CATCH-UP GROWTH FOLLOWED BY STAGNATION: MEXICO, 1950-2010
title_sort	catch-up growth followed by stagnation: mexico, 1950-2010
publisher	Pontificia Universidad Católica de Chile. Instituto de Economía.
publishDate	2011
url	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0719-04332011000200006
work_keys_str_mv	AT kehoetimothyj catchupgrowthfollowedbystagnationmexico19502010 AT mezafelife catchupgrowthfollowedbystagnationmexico19502010
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CATCH-UP GROWTH FOLLOWED BY STAGNATION: MEXICO, 1950-2010

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