México´s Industrial Engine of Growth: Cointegration and Causality

Abstract

THE PRESENT STUDY APPLIES THE TECHNIQUES OF COINTEGRATION AND GRANGER CAUSALITY TO EXAMINE THE CAUSAL RELATIONSHIP BETWEEN INDUSTRIAL GROWTH AND OVERALL ECONOMIC PERFORMANCE IN THE MEXICAN ECONOMY. THE EMPIRICAL EVIDENCE PRESENTED IN THE PAPER TRIES TO FIND SUPPORT IN MEXICO FOR THE KALDO´S ENGINE OF ECONOMIC GROWTH HYPOTHESIS.