{"title":"El ciclo económico de la productividad y su relación con el ciclo político en México, 1993.1 - 2014.4","authors":"Vicente Germán-Soto, Cesáreo Gámez Garza","doi":"10.24201/EE.V32I1.3","DOIUrl":null,"url":null,"abstract":"The political-business cycle (PBC) theory sustains that economies are positively influenced in the last year of each government administration and also they tend to slowdown in the first year. To investigate this hypothesis, we analyze the cycle of productivity of the manufacturing industry in Mexico along 1993.1-–2014.4. Results from dynamic models indicate that strength of productivity is relatively minor for the quarters 1 and 4, a finding that is related to the political cycle because elasticity also falls in the quarters of the first year of government and increases in the last.","PeriodicalId":43766,"journal":{"name":"Estudios De Economia","volume":"76 1","pages":"65-94"},"PeriodicalIF":0.4000,"publicationDate":"2017-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Estudios De Economia","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.24201/EE.V32I1.3","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 1
Abstract
The political-business cycle (PBC) theory sustains that economies are positively influenced in the last year of each government administration and also they tend to slowdown in the first year. To investigate this hypothesis, we analyze the cycle of productivity of the manufacturing industry in Mexico along 1993.1-–2014.4. Results from dynamic models indicate that strength of productivity is relatively minor for the quarters 1 and 4, a finding that is related to the political cycle because elasticity also falls in the quarters of the first year of government and increases in the last.