SYNCHRONIZATION OF ECONOMIC ACTIVITY BETWEEN MEXICO AND THE US: WHAT ARE THE CAUSES?

Using data on manufacturing production for the entire industry and 8 of its 9 divisions, we find little evidence of synchronization between manufacturing output in Mexico and the US. Hence, it is unlikely that the synchronization of the business cycles of these two countries emerged as the result of...

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Autores principales:	CASTILLO PONCE,RAMON A, VARELA LLAMAS,ROGELIO, OCEGUEDA HERNANDEZ,JUAN MANUEL
Lenguaje:	English
Publicado:	ILADES. Universidad Alberto Hurtado. 2010
Materias:	Synchronization common trends common cycles manufacturing consumption service sector
Acceso en línea:	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-88702010000100002
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spelling	oai:scielo:S0718-887020100001000022011-04-29SYNCHRONIZATION OF ECONOMIC ACTIVITY BETWEEN MEXICO AND THE US: WHAT ARE THE CAUSES?CASTILLO PONCE,RAMON AVARELA LLAMAS,ROGELIOOCEGUEDA HERNANDEZ,JUAN MANUEL Synchronization common trends common cycles manufacturing consumption service sector Using data on manufacturing production for the entire industry and 8 of its 9 divisions, we find little evidence of synchronization between manufacturing output in Mexico and the US. Hence, it is unlikely that the synchronization of the business cycles of these two countries emerged as the result of the synchronization of economic activity in the manufacturing industry, as previous studies have suggested. Given these results, we propose two alternatives for explaining business cycles synchronization: the dynamics of the gross domestic product of the service sector and aggregate consumption. We show that both Mexican variables share common trends and common cycles with their US counterparts. We recommendfurther research to evaluate how these aggregates have contributed to the synchronization of the business cycles in Mexico and the US.info:eu-repo/semantics/openAccessILADES. Universidad Alberto Hurtado.Revista de análisis económico v.25 n.1 20102010-06-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-88702010000100002en10.4067/S0718-88702010000100002
institution	Scielo Chile
collection	Scielo Chile
language	English
topic	Synchronization common trends common cycles manufacturing consumption service sector
spellingShingle	Synchronization common trends common cycles manufacturing consumption service sector CASTILLO PONCE,RAMON A VARELA LLAMAS,ROGELIO OCEGUEDA HERNANDEZ,JUAN MANUEL SYNCHRONIZATION OF ECONOMIC ACTIVITY BETWEEN MEXICO AND THE US: WHAT ARE THE CAUSES?
description	Using data on manufacturing production for the entire industry and 8 of its 9 divisions, we find little evidence of synchronization between manufacturing output in Mexico and the US. Hence, it is unlikely that the synchronization of the business cycles of these two countries emerged as the result of the synchronization of economic activity in the manufacturing industry, as previous studies have suggested. Given these results, we propose two alternatives for explaining business cycles synchronization: the dynamics of the gross domestic product of the service sector and aggregate consumption. We show that both Mexican variables share common trends and common cycles with their US counterparts. We recommendfurther research to evaluate how these aggregates have contributed to the synchronization of the business cycles in Mexico and the US.
author	CASTILLO PONCE,RAMON A VARELA LLAMAS,ROGELIO OCEGUEDA HERNANDEZ,JUAN MANUEL
author_facet	CASTILLO PONCE,RAMON A VARELA LLAMAS,ROGELIO OCEGUEDA HERNANDEZ,JUAN MANUEL
author_sort	CASTILLO PONCE,RAMON A
title	SYNCHRONIZATION OF ECONOMIC ACTIVITY BETWEEN MEXICO AND THE US: WHAT ARE THE CAUSES?
title_short	SYNCHRONIZATION OF ECONOMIC ACTIVITY BETWEEN MEXICO AND THE US: WHAT ARE THE CAUSES?
title_full	SYNCHRONIZATION OF ECONOMIC ACTIVITY BETWEEN MEXICO AND THE US: WHAT ARE THE CAUSES?
title_fullStr	SYNCHRONIZATION OF ECONOMIC ACTIVITY BETWEEN MEXICO AND THE US: WHAT ARE THE CAUSES?
title_full_unstemmed	SYNCHRONIZATION OF ECONOMIC ACTIVITY BETWEEN MEXICO AND THE US: WHAT ARE THE CAUSES?
title_sort	synchronization of economic activity between mexico and the us: what are the causes?
publisher	ILADES. Universidad Alberto Hurtado.
publishDate	2010
url	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-88702010000100002
work_keys_str_mv	AT castilloponceramona synchronizationofeconomicactivitybetweenmexicoandtheuswhatarethecauses AT varelallamasrogelio synchronizationofeconomicactivitybetweenmexicoandtheuswhatarethecauses AT oceguedahernandezjuanmanuel synchronizationofeconomicactivitybetweenmexicoandtheuswhatarethecauses
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SYNCHRONIZATION OF ECONOMIC ACTIVITY BETWEEN MEXICO AND THE US: WHAT ARE THE CAUSES?

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