PERI - The Economy in its Labyrinth: A Structuralist View of the Mexican Economy in the 21st Century

January 16, 2024 | Working Paper

Headline: The Contemporary Mexican Economy in its Labyrinth
Intro Text: Luis Monroy Gomes Franco analyzes the performance of the Mexican economy over the past two decades. He focuses on the economy’s aggregate and sectoral dynamics as well as the changes and continuities in the conduct of macroeconomic and labor market policy with the arrival of a new administration in 2018. This enables him to provide an integrated view of the background within which Mexico will face three structural challenges going forward: the medium and long-run effects of the COVID-19 pandemic; the integration of artificial intelligence into the production process; and climate change.
Type of publication: Working Paper
Research or In The Media: Research
Research Area: Finance, Jobs & Macroeconomics
Publication Date: 2024-01-16
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Authors:
- Add Authors: Luis Monroy Gomez Franco
Show in Front Page Modules: Yes
JEL Codes: O11, O17, O15
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Abstract

In this paper, I analyze the performance of the Mexican economy during the two decades of the 21st century. I focus on the aggregate and sectoral dynamics of the economy to understand the underlying dynamics behind the aggregate performance of the economy. With these results in mind, I analyze the changes and continuities in the conduction of macroeconomic and labor market policy with the arrival of a new administration in 2018. The goal of analyzing both elements is to provide an integrated view of the situation in which the Mexican economy will face three structural challenges: the medium and long-run effects of the COVID-19 pandemic, the integration of artificial intelligence into the production process, and climate change.