OECD economic surveys : Mexico 1996-1997 / Organisation for Economic Co-operation and Development.

Format:

Book

Author/Creator:

Organisation for Economic Co-operation and Development, issuing body.

Series:

OECD economic surveys.

OECD Economic Surveys

Language:

English

Subjects (All):

Economic history.

Mexico--Economic policy.

Mexico.

Mexico--Economic conditions.

Physical Description:

1 online resource (183 pages).

Edition:

1st ed.

Place of Publication:

Paris, France : OECD Publishing, [1996]

Language Note:

English

Summary:

Assessment and recommendations I. Recent trends and prospects -Features of economic adjustment -An export-led recovery -The ''bust'' in domestic demand -Protracted labour market slack -Disinflation is underway -A stronger external position -Short-term outlook II. Economic Policies -Fiscal policy -Monetary management -The Mexican banking sector III. Implementing the OECD Jobs Strategy -Introduction -Labour market and employment performance -Policy requirements -Recent policy actions -Assessment and scope for further action Bibliography Annexes -I. Background material for Chapter III -II. Pension reform -III. Calendar of main economic events Statistical annex and structural indicators.

Contents:

Intro

Table of contents

Assessment and recommendations

I. Recent trends and prospects

Features of economic adjustment

Figure 1. KEY ASPECTS OF ECONOMIC ACTIVITY

Figure 2. COMPARISON OF TWO CYCLES

An export-led recovery

Table 1. Demand and output

Figure 3. CONTRIBUTIONS TO REAL GDP GROWTH

The ""bust'' in domestic demand

Figure 4. NET POSITION VIS-A-VIS THE DOMESTIC FINANCIAL SYSTEM

Table 2. Indicators of investment activity

Table 3. Savings and investment

Protracted labour market slack

Table 4. Labour market indicators

Figure 5. UNEMPLOYMENT IN URBAN AREAS

Disinflation is under way

Figure 6. REAL WAGES, LABOUR PRODUCTIVITY AND PRICE TRENDS

Figure 7. MEXICO'S RELATIVE COMPETITIVE POSITION

A stronger external position

Table 5. Balance of payments, current account

Figure 8. FOREIGN TRADE, CURRENT ACCOUNT AND EXPORT PERFORMANCE

Table 6. Balance of payments, capital account

Short-term outlook

Table 7. Short-term projections

II. Economic Policies

Fiscal policy

Budgetary developments in 1995

Figure 9. BUDGET INDICATORS

Table 8. Public sector accounts: budget and outturn

Table 9. Public programmable expenditure by sector, 1995

The 1996 Budget

Debt management

Figure 10. COMPOSITION OF GROSS PUBLIC DEBT

Fiscal policy in the medium-term

Monetary management

Policy strategy and realisation

Table 10. Monetary base and net domestic credit

Interest rate and exchange rate developments

Figure 11. EXCHANGE RATE, SHORT-TERM INTEREST RATES AND STOCK MARKET

Figure 12. INFLATION AND INTEREST RATES

Money and credit growth

Figure 13. MONETARY INDICATORS

Assessment

The Mexican banking sector

Overview

Consequences of the currency crisis

The government's response

Table 11. Support operations to banking institutions, 1995-96.

Assessment of the support package

Table 12. Fiscal cost of support programmes for banks and debtors

After the crisis

Figure 14. STRUCTURE OF THE MEXICAN FINANCIAL SYSTEM

Future actions

III. Implementing the OECD Jobs Strategy

Introduction

Box 1. The OECD Jobs Strategy: synopsis of recommendations for Mexico

Labour market and employment performance

Unemployment

Figure 15. KEY FEATURES OF THE LABOUR MARKET

Box 2. Unemployment: definitions and measurement

Table 13. Unemployment rates adjusted to standard definition

Box 3. The informal sector

Table 14. Estimates of the size of the informal sector

Figure 16. MEASURES OF UNEMPLOYMENT AND UNDEREMPLOYMENT

Table 15. Unemployment rates

Figure 17. OKUN CURVE

The dynamics of labour supply

Table 16. Determinants of labour force growth

Table 17. Participation rates in comparison

Migration

Box 4. Migration to the United States

Employment trends

Figure 18. EMPLOYMENT

Table 18. Employment in the public sector

Sectoral developments

Table 19. Employment by sector

Figure 19. MANUFACTURING EMPLOYMENT, OUTPUT AND INVESTMENT

The nature of employment

Table 20. Employment by professional status

Figure 20. SELF-EMPLOYMENT IN COMPARISON

Wage trends

Figure 21. PATTERNS OF LABOUR MARKET ADJUSTMENT

Figure 22. TRENDS IN REAL WAGES

Table 21. Wage differentials among groups of workers

Figure 23. TRENDS IN MAQUILADORAS/NON-MAQUILADORAS REAL WAGES

Figure 24. TRENDS IN SKILLED - UNSKILLED REAL WAGES

Policy requirements

Enhancing the ability to adjust and to adapt

The wage-formation system

Figure 25. WAGE DISTRIBUTION

Box 5. Unionisation: regulations and practices

Increasing the flexibility of employment and working time

Box 6. Employment protection legislation

Taxes and transfers.

Table 22. Tax wedge in comparison, 1994

Table 23. Contributions and fringe benefits

Active labour market policies

Increasing the knowledge base and innovative capacity

Upgrading skills and competences

Technology and innovation

Product market competition

Small and medium-size enterprises

The agricultural sector and regional development

Recent policy actions

IMSS reform

Health care

Actions for SMEs

Assessment and scope for further action

Increasing the knowledge base, efficiency and innovative capacity

Enhancing the ability to adjust and adapt

Notes

Bibliography

ANNEXES

Annexe I. Background material for Chapter III

Table A1. Employment in the manufacturing sector

Table A2. Active labour market policies

Figure A1. EMPLOYMENT AND LABOUR FORCE IN 16 URBAN AREAS

Figure A2. COHORT ENTERING PRIMARY SCHOOL IN 1976 TRACKED TO 1992

Figure A3. STRUCTURE OF NATIONAL EDUCATION SYSTEM

Figure A4. AVERAGE WAGES BY EDUCATION LEVEL

Annexe II. Pension reform

Table A3. Contributions to pension and disability before and after IMSS reform

Figure A5. COMPARISON OF PENSION LEVELS

Annexe III. Calendar of main economic events

STATISTICAL ANNEX AND STRUCTURAL INDICATORS

Table A. Selected background statistics

Table B. Gross domestic product and expenditure

Table C. Gross domestic product and expenditure

Table D. Gross domestic product by industry of origin

Table E. Cost components of GDP

Table F. Prices and real wages

Table G. Federal government revenue and expenditure

Table H. Public enterprises under budgetary control

Table I. Summary of the financial system

Table J. Balance of payments, OECD basis

Table K. Foreign trade by commodity group

Table L. Foreign trade by area.

Table M. Production structure and performance indicators

Table N. Labour market indicators

BASIC STATISTICS: INTERNATIONAL COMPARISONS

BASIC STATISTICS: INTERNATIONAL COMPARISONS (cont"d)

MAIN SALES OUTLETS OF OECD PUBLICATIONS \ PRINCIPAUX POINTS DE VENTE DES PUBLICATIONS DE L'OCDE

BOXES

TABLES

Table 11. Support operations to banking institutions, 1995-96

Table 22. Tax wedge in comparison, 1994

FIGURES

Figure 2. COMPARISON OF TWO CYCLES.

Figure 3. CONTRIBUTIONS TO REAL GDP GROWTH

Figure 25. WAGE DISTRIBUTION.

Notes:

Bibliographic Level Mode of Issuance: Monograph

Description based on print version record.

Description based on publisher supplied metadata and other sources.

ISBN:

92-64-14971-6

OCLC:

1226584623