Maquila, currency misalignment and export-led growth in Mexico

Includes bibliography

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Autor principal: Ibarra, Carlos Alberto
Formato: Texto
Lenguaje:English
Publicado: 2014
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Acceso en línea:http://hdl.handle.net/11362/11511
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spelling oai-11362-115112020-03-06T16:50:27Z Maquila, currency misalignment and export-led growth in Mexico Ibarra, Carlos Alberto LIBERALIZACION DEL INTERCAMBIO CRECIMIENTO ECONOMICO PRODUCTO INTERNO BRUTO INDUSTRIA MAQUILADORA EXPORTACIONES IMPORTACIONES PRODUCTOS MANUFACTURADOS INDICADORES ECONOMICOS TRADE LIBERALIZATION ECONOMIC GROWTH GROSS DOMESTIC PRODUCT OFFSHORE ASSEMBLY EXPORTS IMPORTS MANUFACTURES ECONOMIC INDICATORS Includes bibliography The paper argues that the weak effect of exports on GDP growth in Mexico is partly explained by two features of the Mexican economy that arose subsequent to trade liberalization: the peso's continued real appreciation and the large and rising share of the maquila sector in manufacturing exports. The argument is developed through an analytical example for a stationary economy with no investment. As motivation for the example's main assumptions, the paper presents empirical evidence gathered from the country's Annual Industrial Survey and the estimation of cointegration equations for maquila and non-maquila intermediate imports. The empirical evidence shows that (a) exports are highly dependent on imports and thus benefit from trade liberalization, and (b) while real exchange rate changes can induce substitution between local and imported intermediate goods generally, this is not the case in the maquila sector. 2014-01-02T18:45:42Z 2014-01-02T18:45:42Z 2011-08 Texto Sección o Parte de un Documento http://hdl.handle.net/11362/11511 LC/G.2498-P en CEPAL Review CEPAL Review 104 application/pdf MEXICO MEXICO
institution Cepal
collection Cepal
language English
topic LIBERALIZACION DEL INTERCAMBIO
CRECIMIENTO ECONOMICO
PRODUCTO INTERNO BRUTO
INDUSTRIA MAQUILADORA
EXPORTACIONES
IMPORTACIONES
PRODUCTOS MANUFACTURADOS
INDICADORES ECONOMICOS
TRADE LIBERALIZATION
ECONOMIC GROWTH
GROSS DOMESTIC PRODUCT
OFFSHORE ASSEMBLY
EXPORTS
IMPORTS
MANUFACTURES
ECONOMIC INDICATORS
spellingShingle LIBERALIZACION DEL INTERCAMBIO
CRECIMIENTO ECONOMICO
PRODUCTO INTERNO BRUTO
INDUSTRIA MAQUILADORA
EXPORTACIONES
IMPORTACIONES
PRODUCTOS MANUFACTURADOS
INDICADORES ECONOMICOS
TRADE LIBERALIZATION
ECONOMIC GROWTH
GROSS DOMESTIC PRODUCT
OFFSHORE ASSEMBLY
EXPORTS
IMPORTS
MANUFACTURES
ECONOMIC INDICATORS
Ibarra, Carlos Alberto
Maquila, currency misalignment and export-led growth in Mexico
description Includes bibliography
format Texto
author Ibarra, Carlos Alberto
author_facet Ibarra, Carlos Alberto
author_sort Ibarra, Carlos Alberto
title Maquila, currency misalignment and export-led growth in Mexico
title_short Maquila, currency misalignment and export-led growth in Mexico
title_full Maquila, currency misalignment and export-led growth in Mexico
title_fullStr Maquila, currency misalignment and export-led growth in Mexico
title_full_unstemmed Maquila, currency misalignment and export-led growth in Mexico
title_sort maquila, currency misalignment and export-led growth in mexico
publishDate 2014
url http://hdl.handle.net/11362/11511
work_keys_str_mv AT ibarracarlosalberto maquilacurrencymisalignmentandexportledgrowthinmexico
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