Economic growth and employment in Mexico. An econometric estimation of the elasticity of employment with respect to GDP in the period 2000-2009

Authors

  • Enrique Cuevas Rodríguez Universidad de Guadalajara
  • Ana Lucía Ruano Carranza Universidad de Guadalajara

DOI:

https://doi.org/10.32870/eera.vi25.636

Keywords:

Growth and employment in Mexico, Employment-product elasticity

Abstract

This paper analyzes the impact of economic growth in the generation of new jobs for Mexico. With this aim, we develop a log-log econometric model that enables us to measure the elasticity of employment relative to GDP. As a result, we found that employment is inelastic with respect to the product. This means that the Mexican economy faces high costs in job creation, a situation that is exacerbated in periods of economic and financial crisis. 

Author Biographies

Enrique Cuevas Rodríguez, Universidad de Guadalajara

Profesor-investigador titular adscrito al Departamento de Métodos Cuantitativos del CUCEA, Universidad de Guadalajara.

Ana Lucía Ruano Carranza, Universidad de Guadalajara

Economista, estudiante de la Maestría en Negocios y Estudios Económicos, CUCEA, Universidad de Guadalajara.

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Published

2010-07-01

Issue

No. 25 (2010): EXPRESIÓN ECONÓMICA 25, JULIO-DICIEMBRE 2010

Section

Articles

License

Copyright (c) 2016 University of Guadalajara

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

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