Subnational debts and the economic development in Mexico 2003-2014: Review from the theses of the economic-political cycles (EPC)

Abstract

In the last 15 years, debts of some subnational entities in Latin America and Mexico have increased their public debts up to slightly manageable levels, due to inherent causes of global economic, political and social transformations, which had a negative impact for the economic and political development. In this context, from the EPC’s theses and the ambit of some entities of Mexico, an investigation took place to see the possible effect of the governmental debts in some economic variables not included in these investigations (the electoral-economic effect) that use these analysis perspectives. Therefore, the implications of these processes could have divergent balances in the progress of a given nation, in the medium and long term. KEYWORDS: Public Debts, Economic-Political Cycles (EPC), Economic Development.