Estimación del Stock de capital público en México a nivel estatal: 1990-2015

Abstract

In the present paper an exercise of estimation of the stock of public capital in Mexico was conducted. For this purpose, the OECD-recommended perpetual inventories model was used, adding the adjustment factor of Almon (1999), also described in Shiau et al. (2002) and Loría and de Jesús (2007). Public investment data at the state level for the period 1990 to 2015 by the Federative Entity (32) were used and a depreciation rate of 9.07%.

The result is a series of data consistent with economic fluctuations, as the trend of real investment follows. It also solves the estimation problem inherent in the perpetual inventory method.