Centro de Investigación Económica
Instituto Tecnólogico Autónomo de México
Camino a Santa Teresa 930
Mexico, D.F. 10700
Information about this author at RePEc
NBER Working Papers and Publications
|December 2011||Catch-up Growth Followed by Stagnation: Mexico, 1950-2010|
with Timothy J. Kehoe: w17700
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.
Published: “Catch-up Growth Followed by Stagnation: Mexico, 1950–2010,” Latin American Journal of Economics, 48 (2011), 227–68, with Felipe Meza.