Abstract
We elaborate some complex stylized facts related to the Mexican economy. The analyzed period runs from 1960 to 2013 with selected subperiods. Our main findings are: 1) there are involuntary idle capacitiesin the manufacturing industries; 2) the growth of the Mexican economy is not balanced but unbalanced; 3) there is an inflation-free environment. This fact is consistent with the previous ones; 4) there is a mixed ofefficient and inefficient sequences of investment; 5) the stimulus of manufacturing exports on macroeconomic performance has been offset by its imports; 6) the deficits in manufacturing balance and in the currentaccount have been financed without difficulty. Of course, this financing capacity constitutes a second best condition; 7) according to a backward linkages analysis, the towing capacity of manufacturing sector overthe Mexican economy would be a larger one if the manufacturing imports penetration had not been so intense since the trade liberalization; and 8) the size of the positive effect of the manufacturing sector on theeconomy and on the non-manufacturing sectors diminished since the early eighties. Our complex stylized facts highlight the need for an upgrading of the current economic policies.© 2018, Facultad de Contaduría y Administración, Universidad Nacional Autónoma de México. All rights reserved. Publication of the article implies full assignment of property rights (copyright) in Journal of Contaduría y Administración. The publication mreserves the right to total or partial reproduction of the work in other print, electronic or any other alternative means, but always recognizing its responsibility.
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