Pablo Mejía Reyes, Miguel Ángel Díaz Carreño, Reyna Vergara González
{"title":"RECESIONES DE MÉXICO EN LOS ALBORES DEL SIGLO XXI","authors":"Pablo Mejía Reyes, Miguel Ángel Díaz Carreño, Reyna Vergara González","doi":"10.1016/j.rpd.2017.04.004","DOIUrl":null,"url":null,"abstract":"<div><p>This paper uses an episodic approach to contrast the causes, transmission mechanisms, and policy responses involved in Mexico's two recent major recessions in 2001-2003 and 2008-2009 and explain their different characteristics. Both recessions were derived from speculative bubbles in specific sectors in the United States and engendered analogous episodes in the Mexican economy as a result of a high degree of integration. Even so, the former was longer due to exogenous shocks (terrorist attacks and China's accession to the World Trade Organization (<span>wto</span>)), which exacerbated plummeting manufactures, but the latter more profound due to the effects of the credit collapse. This evidence attests to the limitations of domestic economic policy and the Mexican economy's acute vulnerability to external shocks.</p></div>","PeriodicalId":35889,"journal":{"name":"Problemas del Desarrollo","volume":"48 189","pages":"Pages 57-84"},"PeriodicalIF":0.0000,"publicationDate":"2017-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.rpd.2017.04.004","citationCount":"8","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Problemas del Desarrollo","FirstCategoryId":"1085","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0301703617300160","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"Social Sciences","Score":null,"Total":0}
引用次数: 8
Abstract
This paper uses an episodic approach to contrast the causes, transmission mechanisms, and policy responses involved in Mexico's two recent major recessions in 2001-2003 and 2008-2009 and explain their different characteristics. Both recessions were derived from speculative bubbles in specific sectors in the United States and engendered analogous episodes in the Mexican economy as a result of a high degree of integration. Even so, the former was longer due to exogenous shocks (terrorist attacks and China's accession to the World Trade Organization (wto)), which exacerbated plummeting manufactures, but the latter more profound due to the effects of the credit collapse. This evidence attests to the limitations of domestic economic policy and the Mexican economy's acute vulnerability to external shocks.
期刊介绍：
roblemas del Desarrollo. Revista Latinoamericana de Economía, publicación trimestral, es el órgano oficial de divulgación del Instituto de Investigaciones Económicas de la Universidad Nacional Autónoma de México (UNAM), el que atento a la propuesta de sus fundadores, recibe todas las interpretaciones teóricas que con rigor científico, pretendan analizar las diferentes dificultades planteadas por el desarrollo económico, a fin de generar crítica, refutación y reconocer desacuerdos entre predicciones como cualquier teoría científica es capaz de hacerlo.
求助内容：
应助结果提醒方式：
京公网安备 11010802042870号
