American University
Browse
2008workingpapers_45_OBJ.pdf (366.46 kB)

2008-04 External shocks, structural change, and economic growth in Mexico 1979–2007

Download (366.46 kB)
report
posted on 2023-08-04, 07:42 authored by Robert BleckerRobert Blecker

This paper finds that shocks to net financial inflows, world oil prices, the U.S. growth rate, and the lagged real exchange rate explain most of the fluctuations in Mexico’s annual growth since 1979. The paper also estimates how the effects of these external constraints have changed since Mexico’s liberalization policies of the late 1980s and the formation of NAFTA in 1994. Estimates of an investment function and other tests show that growth drives investment but not conversely, in the short run. Investment is driven mainly by oil prices and the accelerator effect; foreign direct investment has no significant impact.

History

Publisher

Department of Economics, American University

Language

English

Notes

Working Paper No. 2008-04. 34 pages.

Handle

http://hdl.handle.net/1961/5008

Usage metrics

    Economics

    Categories

    No categories selected

    Exports

    RefWorks
    BibTeX
    Ref. manager
    Endnote
    DataCite
    NLM
    DC