公共投资的可持续融资:墨西哥2001-2019年的证据

José Luis Hernández Mota, Iván Abdel Marín Medrano
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引用次数: 2

摘要

本文旨在分析可持续外部融资下的公共投资支出。理论部分检查偿付能力和财政合规条件,允许确定可持续债务积累与公共投资政策的规则。在经验上,估计了财政反应函数,验证了该规则的实施对1990年至2019年期间的基本平衡和实际预算投资产生积极影响的假设。结果建议讨论修改债务和公共支出政策的相关性,以刺激经济活动。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Financiamiento sostenible de la inversión pública: evidencia para México, 2001-2019
This paper aims to analyze public investment spending with sustainable external financing. The theoretical section examines solvency and fiscal compliance conditions that allow determining a rule for sustainable debt accumulation with a public investment policy. Empirically, a fiscal reaction function is estimated, which validates the hypothesis of positive effects of the implementation of the rule on primary balance and phy-sical budgetary investment for the period 1990:I-2019:IV. The results suggest discussing the relevance of modifying debt and public spending policy in order to stimulate economic activity.
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