60-vol. 30 núm. 2, julio-diciembre, 2015
Artículos

Una relación entre deuda pública externa y crecimiento económico

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  • Enrique R. Casares
Enrique R. Casares
Universidad Autónoma Metropolitana-Azcapotzalco
DOI: https://doi.org/10.24201/ee.v30i2.27

Publicado 2015-07-01

Palabras clave

  • sector comerciable,
  • aprendizaje por la práctica,
  • deuda pública externa,
  • crecimiento económico

Cómo citar

R. Casares, E. (2015). Una relación entre deuda pública externa y crecimiento económico. Estudios Económicos De El Colegio De México, 30(2), 219–243. https://doi.org/10.24201/ee.v30i2.27

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Resumen

Se presenta un modelo de crecimiento endógeno con dos bienes, comerciable (manufacturero) y no-comerciable (no-manufacturero). El conocimiento tecnológico domestico es producido únicamente en el sector comerciable. Este conocimiento se desborda hacia el sector no comerciable. El gobierno emite deuda externa para financiar parte de su gasto en bienes comerciables. La tasa de interés doméstica es igual a la tasa de interés mundial más la prima de riesgo país. El riesgo país depende positivamente del nivel de la deuda pública externa. Los hogares piden prestado al exterior y tienen una restricción de crédito externo. Se obtiene, en el estado estacionario, una relación no lineal entre la proporción deuda pública externa a PIB y la tasa de crecimiento, en forma de U invertida. Hay evidencia empírica que muestra la existencia de esta no linealidad entre deuda pública y crecimiento, tanto para países en desarrollo como desarrollados.

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