Catch-up Growth Followed by Stagnation: Mexico, 1950-2010 / Timothy J. Kehoe, Felipe Meza.

Format:

Book

Author/Creator:

Kehoe, Timothy J.

Contributor:

National Bureau of Economic Research.

Meza, Felipe.

Series:

Working Paper Series (National Bureau of Economic Research) no. w17700.

NBER working paper series no. w17700

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2011.

Summary:

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.

Notes:

Print version record

December 2011.