Why have economic reforms in Mexico not generated growth?
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- Created Date
- [2010]
- Description
"November 2010."
Includes bibliographical references (p. 21-26).
Following its opening to trade and foreign investment in the mid-1980s, Mexico's economic growth has been modest at best, particularly in comparison with that of China. Comparing these countries and reviewing the literature, we conclude that the relation between openness and growth is not a simple one. Using standard trade theory, we find that Mexico has gained from trade, and by some measures, more so than China. We sketch out a theory in which developing countries can grow faster than the United States by reforming. As a country becomes richer, this sort of catch-up becomes more difficult. Absent continuing reforms, Chinese growth is likely to slow down sharply, perhaps leaving China at a level less than Mexico's real GDP per working-age person.
Also issued online.
Also published online:
Cambridge, Mass. : National Bureau of Economic Research. (NBER working paper series ; no. 16580)
http://papers.nber.org/papers/16580
- Creator
Kehoe, Timothy Jerome, 1953
- Partner
- HathiTrust
- Contributing Institution
- University of California
- Publisher
- Minneapolis, Minn. : Federal Reserve Bank of Minneapolis
- Subjects
- Free trade--Developing countries
Free trade--China
Free trade--Mexico
Economic development--Developing countries--Econometric models
Economic development--China--Econometric models
Economic development--Mexico--Econometric models - Location
- Developing countries
China
Mexico - Type
- text
- Format
- Language materialElectronic resource
- Language
- English
- Rights
- Public domain. Learn more at http://www.hathitrust.org/access_use
- Chicago citation style
- Kehoe, Timothy Jerome, 1953. Why have economic reforms in Mexico not generated growth?. [2010]. Retrieved from the Digital Public Library of America, http://catalog.hathitrust.org/Record/102166866. (Accessed March 28, 2024.)
- APA citation style
- Kehoe, Timothy Jerome, 1953, ([2010]) Why have economic reforms in Mexico not generated growth?. Retrieved from the Digital Public Library of America, http://catalog.hathitrust.org/Record/102166866
- MLA citation style
- Kehoe, Timothy Jerome, 1953. Retrieved from the Digital Public Library of America <http://catalog.hathitrust.org/Record/102166866>.