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OECD economic surveys. Mexico 2019
- Author / Creator
- Available as
- Online
- Summary
-
Mexico's robust macroeconomic policy framework has supported moderate growth despite several headwinds in recent years. However, low productivity growth has hindered Mexico's convergence to higher-...
Mexico's robust macroeconomic policy framework has supported moderate growth despite several headwinds in recent years. However, low productivity growth has hindered Mexico's convergence to higher-income OECD countries and inequalities remain high. These factors call for a renewed strategy to boost productivity and inclusiveness.
Details
- Format
- Books
- Language
- English
- Publication
-
- Paris : OECD Publishing, [2019]
- 2019
- Physical Details
-
- 1 online resource (128 pages)
- ISBNs
- 9789264333543, 9264333541, 9264378189
- OCLC
- on1225547214
- Includes bibliographical references.
- Intro -- Basic Statistics of Mexico, 2017 -- Executive summary -- Key policy insights -- A renewed strategy to boost growth and well-being is needed -- A robust macroeconomic policy framework underpins moderate growth -- Monetary policy remains tight in response to an upsurge in inflation -- The central bank is improving the quality of monetary policy communication -- The financial sector would benefit from more competition and inclusion -- Making progress in increasing competition and boosting financial inclusion Fiscal policy: Ensuring fiscal space to finance higher social and infrastructure spending -- Moving towards a growth- and equity-friendly tax mix -- Corporate Income Tax (CIT) -- Personal Income Tax (PIT) -- Value-added Tax (VAT) -- Tax administration -- Improving the quality of social spending -- Strengthening fiscal federalism -- Strengthening institutional quality and the rule of law -- The quality of Mexico's institutions is low -- The resourcing of key independent institutions has been significantly decreased Mexico's high level of impunity highlights issues with the security and justice systems -- An evidence-based approach to security with greater accountability is needed -- While reforms have been positive, significant issues remain in the justice system -- Establishing and implementing an integrated approach to anticorruption and integrity -- Effective climate mitigation policies can help move Mexico to a strong and sustainable growth path -- Mexico has supported climate change mitigation early and vigorously -- Progress in pricing would help reduce carbon emissions efficiently A near-term priority is to reduce coal use and boost renewable energy -- References -- Annex A. Recent policy reforms -- Annex B. Quantification of the impact of structural reforms -- Thematic chapter -- Annex A. Recent policy reforms -- Annex B. Quantification of the impact of structural reforms -- Thematic chapter -- Chapter 1. Boosting inclusive growth -- Boosting productivity and sharing the benefits of growth more widely to raise prosperity for all -- Informality is a major driver of resource misallocation Reducing informality by reducing barriers to entrepreneurship and streamlining regulatory procedures -- Improving employment protection regulations -- Reducing taxes on labour -- Monitoring and policy evaluation -- Raising educational outcomes to combat informality and boost human capital -- Educational attainment and outcomes are low -- Mexico has undertaken important efforts to raise educational attainment and outcomes -- The education system needs to do more to reach disadvantaged students and schools -- Shift resources towards compulsory education and ECEC -- Expand ECEC and increase quality