Posición fiscal, inversión pública y crecimiento económico. Una aplicación de Regla Fiscal para México

José Luis Hernández Mota

doi:10.4067/S0718-88702022000200069

Authors

José Luis Hernández Mota Universidad Autónoma Metropolitana-Azcapotzalco http://orcid.org/0000-0001-8299-0770

DOI:

https://doi.org/10.4067/S0718-88702022000200069

Keywords:

Public investment, economic growth, public debt, sustainability

Abstract

Spending on public investment financed by debt is analyzed, considering the interaction between macroeconomic and fiscal variables to establish the intertemporal path of solvency and the conditions of fiscal compliance that determine a sustainable fiscal policy. Empirically, a response impulse function is proposed to analyze the dynamics situation of Mexican economy. The results show a positive response in the fiscal position resulting from the imposition of a fiscal rule of indebtedness to finance public investment, where the primary balance allows conditions of slack for the stimulation of economic activity.

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Author Biography

José Luis Hernández Mota, Universidad Autónoma Metropolitana-Azcapotzalco

Departamento de Economía, Profesor-Investigador Titular C

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