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Full-Text Articles in Social and Behavioral Sciences
Endogenous Capacity, Multiple Equilibria And Thirlwall's Law: Theory And An Empirical Application To Mexico: 1950 - 2012., Juan Alberto Vázquez Muñoz
Endogenous Capacity, Multiple Equilibria And Thirlwall's Law: Theory And An Empirical Application To Mexico: 1950 - 2012., Juan Alberto Vázquez Muñoz
Doctoral Dissertations
This dissertation incorporates the investment variable in two alternative post-Keynesian theories, Thirlwall’s Law and The Endogeneity of the Natural Rate of Growth, and then uses them in order to explain the performance of the rate of growth of the Mexican economy during the 1950 – 2012 period. In chapter two we elaborate an extension of the Thirlwall’s Law model in which exports are not the only source of growth but so is investment. The demand for imports is affected in a negative way when capital accumulation alters the internal structure of economic production to substitute for imports. Then, the rate …
Essays On Inequality, Credit Constraints, And Growth In Contemporary Mexico, Leopoldo Gómez-Ramírez
Essays On Inequality, Credit Constraints, And Growth In Contemporary Mexico, Leopoldo Gómez-Ramírez
Doctoral Dissertations
This dissertation presents four essays on inequality, credit constraints, and economic growth in the Mexican economy in its recent history, or “contemporary Mexico”. In the first essay, it is argued that the possibility that wealth/income inequality could affect economic growth has been neglected in the contemporary Mexican economy literature. Also, preliminary thoughts on the channels through which inequality could have been affecting growth are offered. In the second essay, a time series, macroeconometric analysis on the possible relationship between inequality and aggregate production (GDP) in Mexico is presented. The analysis suggests that an increase in inequality boosts the economy, but …