External public indebtedness in Mexico: recent history and future oil-bounded optimal growth

Thesis/Dissertation · Thu Jan 01 04:00:00 EST 1981

OSTI ID:6502554

The Phenomenon of the growth of the external public debt in Mexico since 1954 is studied. Chapter 1 provides a review of a few preliminary topics such as the history of the debt prior to 1954 and the evoluton of the Mexican economy and the total inflow of foreign capital since 1954. Chapter 2 provides a detailed description of the growth of the foreign public debt during 1954-1979, paying attention to a number of debt-management aspects. At this point it is clear that the external debt began to grow well over its historic trend in 1973. An analysis of the short-run direct macroeconomic impacts of the net flow of the debt from the mid-fifties to the mid-seventies is presented in Chapter 3. Through the specification and estimation of a small econometric model, the direct impact of such variable on different components of the aggregate demand is estimated. In Chapter 4, the causes of the growth of the debt during 1973-1977 are studied. An analytical framework that distinguishes between external and internal debt-inducing factors is presented. Its application reveals that, unlike the case of other LDC's, the growth of the debt during such period was more the result of internal than external phenomena. In the final chapter, Mexico's indebtedness outlook for the 1980's is considered. The analysis focuses on the interaction that should exist between oil exports and indebtedness.

• OSTI ID: 6502554
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700 -- Petroleum-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
290200* -- Energy Planning & Policy-- Economics & Sociology
DATA
DEVELOPING COUNTRIES
ECONOMIC ANALYSIS
ECONOMICS
FINANCIAL DATA
INFORMATION
LATIN AMERICA
MEXICO
NORTH AMERICA
OIL-EXPORTING COUNTRIES