Citation:
[Journal:] Investigación Económica [ISSN:] 2594-2360 [Volume:] 78 [Issue:] 309 [Publisher:] Universidad Nacional Autónoma de México (UNAM), Faculdad de Economía [Place:] Ciudad de México [Year:] 2019 [Pages:] 3-26
Abstract (Translated):
The Mexican economy has shown four decades of slow growth; still it would be reasonable to expect changes in its productive structure along such a long period of time considered, as a result either of the embodied technical change or as a result of the economic policies, that have sought the integration with the US economy, among other causes. According to the so called "Kaldor-Verdoorn law", growth is explained by the behaviour of both output and the manufacturing productivity; hence, in Mexico this sector must have lost its ability to induce growth in the economy as a whole. This paper examines such hypothesis from a structural perspective, considering such law, estimating also the output multipliers á la mode de Miyazawa.