Maquila, currency misalignment and export-led growth in Mexico
Includes bibliography
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2014
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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 |
_version_ |
1718434533943017472 |