Banxico deputy says stagnant TFP 'by far' economy's biggest problem
While TFP in China has increased dramatically, in Mexico it has remained flat
Stagnant total factor productivity (TFP) is "by far the most serious" long-term problem dogging Mexico's economy, Bank of Mexico deputy governor Manuel Sanchez said in a speech in Hong Kong on Friday.
"The comparison with China is rather telling. While TFP in Mexico has remained basically flat, Chinese TFP has increased dramatically" since the 1980s, Sanchez said.
He noted that services such as education, health and finance still face "limited competition" and total domestic financing granted to
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com