The impact of trade liberalisation on exports, imports, the balance of payments and growth: The case of Mexico

Arbeitspapier

The aim of this paper is to disentangle the effects of trade liberalisation during the mid-1980s from the liberalisation involved in the North American Free Trade Agreement (NAFTA) on exports, imports and the balance of payments in Mexico. The main empirical results suggest that the trade reforms during the mid-1980s had a significant impact of trade, exports and imports; however, the effects of NAFTA are negligible. Since the mid-1980s, the propensity to import has exceeded the propensity to export and this has worsened the growth rate consistent with balanced trade, and this is a major explanation of the slowdown of Mexico's growth in recent years. NAFTA has not delivered the improved growth performance that was promised by Mexico's political leaders at the time.

Objekt anzeigen

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Department of Economics Discussion Paper ; No. 04,01

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Single Equation Models; Single Variables: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes ; Trade Policy; International Trade Organizations ; Current Account Adjustment; Short-term Capital Movements ; Economic Growth of Open Economies
• Thema: Trade liberalisation ; NAFTA ; Exports ; Imports ; Balance of Payments ; Mexico ; Außenhandelsliberalisierung ; Wirkungsanalyse ; Außenwirtschaft ; Zahlungsbilanz ; Wirtschaftswachstum ; Mexiko

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Pacheco-López, Penélope
• Ereignis: Veröffentlichung
• (wer): University of Kent, Department of Economics
• (wo): Canterbury
• (wann): 2004

Weitere Informationen

• Handle: http://hdl.handle.net/10419/68134