Estacionariedad, cambios estructurales y crecimiento económico en México: 1895-2008

Arbeitspapier

This paper shows that the evolution of the level of Mexico real and real per capita output between 1895 and 2008 can be adequately described through a trendstationary model, affected by 4 structural breaks, which occurred at dates that seem to coincide with domestic institutional arrangements, wars, and financial and economic crises. These changes are modeled through logistic smooth transition functions, in which transition periods are endogenously estimated. In terms of growth rates, our results indicate that for Mexico real and real per capita GDP, there are four stationary growth paths, separated by three transition periods. For instance, for real GDP we identify the following stationary growth paths: 1895-1924, 1935-1952, 1956-1978, and 1989-2008, separated by three transition periods: 1925-1934, 1953-1955, and 1979-1988.

Angaben zum Objekt

• Sprache: Spanisch

Verweise und Beziehungen

• Erschienen in: Series: Working Papers ; No. 2011-11

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Hypothesis Testing: General ; Estimation: General ; Statistical Simulation Methods: General ; Single Equation Models; Single Variables: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes ; Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence ; Economywide Country Studies: Latin America; Caribbean
• Thema: gross domestic product ; economic growth ; stationarity ; unit root ; structural break ; logistic function ; smooth transition ; Wirtschaftswachstum ; Sozialprodukt ; Strukturbruch ; Mexiko

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Noriega, Antonio E. ; Rodríguez-Pérez, Cid Alonso
• Ereignis: Veröffentlichung
• (wer): Banco de México
• (wo): Ciudad de México
• (wann): 2011

Weitere Informationen

• Handle: http://hdl.handle.net/10419/83701
• Letzte Aktualisierung: 10.03.2025, 11:44 MEZ