Sustainable Financing of Public Investment: Evidence for Mexico, 1990-2019

被引：0
|
作者：
Hernandez Mota, Jose Luis [1 ]
Marin Medrano, Ivan Abdel [2 ]
机构：
[1] Univ Autonoma Metropolitana Azcapotzalco, Dept Econ, Ciudad De Mexico, Mexico
[2] Univ Autonoma Metropolitana Azcapotzalco, Ciudad De Mexico, Mexico
来源：
REVISTA FINANZAS Y POLITICA ECONOMICA | 2021年 / 13卷 / 01期
关键词：
public debt; public investment; sustainability; fiscal rules; ENDOGENOUS GROWTH-MODEL; ECONOMIC-GROWTH; FISCAL-POLICY; DEBT;
D O I：
10.14718/revfinanzpolitecon.v13.n1.2021.3
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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 physical 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.
引用
收藏
页码：43 / 75
页数：33
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