Abstract

TERRONES CORDERO, Aníbal; SANCHEZ TORRES, Yolanda  and  MONTANO ARANGO, Oscar. Public and private investment in the production of Mexico, 1994-2015: dual approach. Economía UNAM [online]. 2019, vol.16, n.47, pp.125-139.  Epub June 30, 2020. ISSN 1665-952X.  https://doi.org/10.22201/fe.24488143e.2019.47.466.

Public and private investment have behaved as complementary or substitutes in economies. The objective of this research is to analyze the effect of public investment on private investment in Mexico’s production. A cost function translog was used to derive a system of five demands of disaggregated factors (public investment, private investment, work in the primary sector, work in the secondary sector and work in the tertiary sector), in the 1994-2015 period. Public investment resulted complementary with private investment and with work in the primary sector, contributing to economic growth.

Keywords : Public Economics; Policy Coordination; Government and Private Investment Analysis; H; E61; R42.