文章基本信息

标题：Effects of the Great Recession on state output in Mexico
本地全文：下载
作者：Pablo Mejía-Reyes ; Miguel Ángel Díaz-Carreño
期刊名称：EconoQuantum
印刷版ISSN：1870-6622
出版年度：2015
卷号：12
期号：2
页码：25-45
语种：English
出版社：Universidad de Guadalajara
摘要：This paper investigates the effects of a battery of variables on total and sector output drops in the Mexican states during the Great Recession by estimating spatial and cross-section regression models. Our main results can be summarized as follows. First, there is evidence of spatial autocorrelation only in the case of total production and it seems to be negative, which does not support the hypothesis of in - terstate transmission of the recession. Second, total and sector production falls can be explained by the specialization in the production of tradable (mainly durable) goods. Third, exposure to external shocks plays an important role in the cases of industrial and services production, but not in total output. Fourth, there seems to be that federal fiscal policy has actually been pro-cyclical while state fiscal policies have contributed to mitigate the recession.
其他摘要：This paper investigates the effects of a battery of variables on total and sector output drops in the Mexican states during the Great Recession by estimating spatial and cross-section regression models. Our main results can be summarized as follows. First, there is evidence of spatial autocorrelation only in the case of total production and it seems to be negative, which does not support the hypothesis of in - terstate transmission of the recession. Second, total and sector production falls can be explained by the specialization in the production of tradable (mainly durable) goods. Third, exposure to external shocks plays an important role in the cases of industrial and services production, but not in total output. Fourth, there seems to be that federal fiscal policy has actually been pro-cyclical while state fiscal policies have contributed to mitigate the recession.
关键词：Regional Business Cycles; Great Recession; Spatial Regression.
其他关键词：Regional Business Cycles; Great Recession; Spatial Regression.