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dc.contributor.authorLooney, R.E.
dc.contributor.authorFredericksen, P.C.
dc.date1987
dc.date.accessioned2014-04-16T18:25:44Z
dc.date.available2014-04-16T18:25:44Z
dc.date.issued1987
dc.identifier.citationLooney, R.E. and Fredericksen, P.C., "Fiscal Policy in Mexico: The FitzGerald Thesis Reexamined,” World Development, Volume 15, No. 3, March 1987.en_US
dc.identifier.urihttp://hdl.handle.net/10945/40640
dc.descriptionWorld Development, March 1987.en_US
dc.descriptionRefereed Journal Articleen_US
dc.description.abstractInterest continues in the Mexican government's finance and expenditure policy due to the severity and length of fiscal crises. According to FitzGerald, Mexican deficits were financed through increased savings crowding out consumption but not private investment. Using official IMF data this paper attempts to verify the FitzGerald thesis. By and large our results suggest the Mexican economy is best depicted along Keynesian lines and not FitzGerald's Kaleckian interpretation. This conclusion is further substantiated by the prolonged nature of the country's current economic crisis associated with record high central government deficits and subdued levels of private sector investment. If his thesis were valid for an earlier time (1951-65), many of these relationships disappeared between 1965 and 1981.en_US
dc.rightsThis publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. As such, it is in the public domain, and under the provisions of Title 17, United States Code, Section 105, may not be copyrighted.en_US
dc.titleFiscal Policy in Mexico: The FitzGerald Thesis Reexamineden_US
dc.typeArticleen_US


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