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International Seminar Advances in Economic Dynamics and Development

International Seminar Advances in Economic Dynamics and Development. A post-keynesian simulation of the growth of the Mexican economy Noemí Medina and Martín Puchet Anyul Posgrado en Economía, FE, UNAM. October 13 – 15, Curitiba, Paraná, Brazil. Three guide ideas.

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International Seminar Advances in Economic Dynamics and Development

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  1. International Seminar Advances in Economic Dynamics and Development A post-keynesian simulation of the growth of the Mexican economy Noemí Medina and Martín Puchet Anyul Posgrado en Economía, FE, UNAM October 13 – 15, Curitiba, Paraná, Brazil

  2. Three guide ideas Thestock – flowapproachistheconsistentframeworktoexplainthedynamicalmacroeconomicprocess. Itisnecesarytobelieve in ourtheoryaboutthestylizedfactsbyempiricalreasons and notoverallby formal arguments. Theobjectiveisreplicatetheeconomicevolutionwiththeintention of tolearnaboutthetendencies and movements of the variables

  3. A model of theprivate sector, stocks Ourworkintendstomake a model of the stock accumulation as thefollowing: wherethedependent variables are the capital – privateincome and deposits – privateincome ratios and depend, amongothers, of thegrowth factor of income (f) and pricelevel (h).

  4. Accounting matrices

  5. Measurementdificulties, 1

  6. Measurementdificulties, 2

  7. A model of private sector, identities Private income: an approximation by the disposable national income Investment and different savings by sector

  8. A model of private sector, behaviourequations Gross benefits: mark – up and direct costs: salaries and capital imported goods Distributive conflict about the growth – income ratio: g

  9. A model of private sector, behaviourequations, 2 Investment Saving

  10. A model of private sector, growth rate Open economy with goverment Close economy

  11. A model of private sector, results Participation of the benefits: estimated equation Calibrated Parameters

  12. A model of private sector, graphicresults Private income and invesment (millions of constant pesos at 2003 prices)

  13. Provisional conclusion I intendedtomake a simple expositionbutwithstyle,if I reachedtheobjective I will be happy: Simple whenitrepresentsthefacts And withstylebecausethetheoretic and methodologic ideas notlost

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