%0 Journal Article
%T PIB potencial y productividad total de los factores: Recesiones y expansiones en M¨¦xico
%A Acevedo Fern¨¢ndez
%A Ernesto
%J Econom¨ªa mexicana. Nueva ¨¦poca
%D 2009
%I Scientific Electronic Library Online
%X potential gdp and the nairu of mexico are estimated using a cobb-douglas production function combined with a kalman filter, under the assumption of three different behaviors of total factor productivity. a growth accounting exercise is carried out to identify the factor contribution of labor and capital. results show that during 2006-2007 potential growth of mexico was between 3.7 and 4.3 per cent. the economic cycles experienced in mexico are characterized, and its recessions and expansions are dated. during 1980-2007 economic recessions and expansions lasted on average 7.0 and 13.3 quarters, respectively; that means recessions in mexico are 121.1 per cent longer than in the us, while expansions are 46.8 per cent shorter. as a consequence of economic recessions, mexico lost 16.1 per cent of its gdp and more than 1.2 million workers were fired.
%K potential gdp
%K output gap
%K growth accounting
%K economic cycles
%K expansions
%K recessions.
%U http://www.scielo.org.mx/scielo.php?script=sci_abstract&pid=S1665-20452009000200002&lng=en&nrm=iso&tlng=en