Abstract

AVENDANO VARGAS, Blanca L.  and  PERROTINI HERNANDEZ, Ignacio. Insuficiencia dinámica, crecimiento y desempleo en México, 1974-2012. Inv. Econ [online]. 2015, vol.74, n.293, pp.99-130. ISSN 0185-1667.  https://doi.org/10.1016/j.inveco.2015.10.004.

The paper draws from Prebisch's hyphotesis of dynamic insufficiency, Harrod's dynamic theory, Kaldor-Verdoorn law and Thirlwall's endogenous growth theory and looks at the determinants of Mexico's economic growth and unemployment rates during the period 1974-2012. Our empirical estimation shows that a low rate of capital accumulation generates insufficient absorption of labour force, low labour productivity and a slow long-run growth rate of output.

Keywords : capital accumulation; employment; productivity; economic growth; Mexico's economy..

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