A note on Mexico’s growth

  • Alain Ize Universidad de Columbia
Keywords: growth, macroeconomics
JEL Classification: E65, F43, N16, O47

Abstract

Building on a novel elasticities-based growth accounting decomposition, this note puts the insufficient dynamism of Mexico’s exports and the inertia of its segmented economy at the heart of its unsatisfactory per capita GDP growth. Boosting exports without exacerbating protectionism would require a shift toward more innovative products or with higher demand elasticities. This in turn would imply a greater shift toward a knowledge economy and exports of personal services. Making Mexico more attractive to people through strengthening the rule of law and preserving the country’s ecological and touristic capital should therefore be at the center of the country’s growth agenda.

Author Biography

Alain Ize, Universidad de Columbia

Profesor adjunto en la Universidad de Columbia (School of International and Public Affairs). Esta nota se benefició de los comentarios de Augusto dela Torre, así como de un capitulo escrito en colaboración con ´el sobre el crecimiento de América Latina para un libro editado por el Inter-American Dialogue

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Published
01-01-2019
How to Cite
IzeA. (2019). A note on Mexico’s growth. Estudios Económicos, 34(1), 123-155. https://doi.org/10.24201/ee.v34i1.366
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