Mexico and export-led growth: the Porfirian period revisited
利用新数据集质疑了墨西哥在波菲里奥·迪亚斯统治时期(1877-1910)出口繁荣带动经济快速增长和结构变革的普遍观点,发现出口增长对宏观经济和部门指标影响有限。
This paper examines Mexico's development experience during the 'golden age' of export-led growth in Latin America. Propelled by liberal reforms under the Porfirio Diaz regime (1877-1910), Mexico's exports expanded at unprecedented rates and this is widely believed to have brought about rapid growth and far-reaching structural changes to the domestic economy. This paper questions this view. Using a new and more comprehensive data set, it argues that buoyant export performance had relatively little impact on key macroeconomic and sectoral indicators. The pre-1911 Mexican experience is thus shown to be quite distinct from that of other large primary producing countries such as Argentina and Canada, where rapid economic growth was largely export-led. Copyright 1998 by Oxford University Press.