Informality, Productivity and Growth in Mexico, 2000.Q2-2014.Q4
The huge growth of the informal sector, the labor market relief valve, has conditioned the low Mexican economic growth since the early 1980´s. From a Lewis (1954) model´s review, we propose that the growth of informality has limited economic growth, through the systematically factorial productivity...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Universidad Autónoma de Nuevo León, Facultad de Economía
2016-11-01
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| Series: | Ensayos Revista de Economía |
| Subjects: | |
| Online Access: | http://ensayos.uanl.mx/index.php/ensayos/article/view/9 |
| Summary: | The huge growth of the informal sector, the labor market relief valve, has conditioned the low Mexican economic growth since the early 1980´s.
From a Lewis (1954) model´s review, we propose that the growth of informality has limited economic growth, through the systematically factorial productivity reduction.
A VECM(4) supports evidence about the factorial productivity reduction by the informal sector growth, associated with slow Mexican economic growth to perpetuate the productivity vicious circle too hard to break. |
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| ISSN: | 1870-221X 2448-8402 |