Reforma financiera y crecimiento potencial en México, 2014-2019/ Financial reform and potential growth in Mexico, 2014-2019

El bajo crecimiento que ha sufrido la economia mexicana desde 1982 ha sido preocupante, por lo que varios gobiernos han emprendido al menos tres claras olas de reformas estructurales. La mas reciente (2012-2014) fue de corte esencialmente microeconomico (sectorial) con pretensiones macroeconomicas. Demostramos que la reforma financiera (2014), que era central en la estrategia, no consiguio elevar la inversion ni por tanto el crecimiento del producto potencial. Por el contrario, desde 2016 ambas variables acentuaron sus caidas a pesar de que aumento el credito al sector secundario. Abstract The slow rate of economic growth that the Mexican economy has suffered since 1982 has been worrying. So, the following governments -thereafter- have undertaken at least three clear waves of structural reforms. The most recent (2012-2014) was essentially microeconomic (sectoral) with clear macroeconomic goals. We demonstrate that the Financial Reform (2014), which was central to the economic strategy, failed to raise investment and therefore to raise the growth of the potential output. On the contrary, since 2016 both variables accentuated their falls despite the increase in credit to the secondary sector.