Determinants of the Trade Balance in Mexico, 2000-2014
DOI:
https://doi.org/10.18583/umr.v3i1.143Keywords:
Marshall–Lerner condition, Depreciation, Exchange rate, Balance of tradeAbstract
The objective this paper is to empirically determine the main variables macro that influence the movements of the trade balance in the Mexican economy for the period 2000.I-2014.II. Through the methodology of Vector Error Correction (VEC’s), we find that a depreciation of the real exchange rate and an increase in economic activity in the country are factors that push towards a surplus in the trade balance of Mexico. While an increase in industrial production in the United States has a reverse effect.
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Copyright (c) 2018 Juan Carlos Márquez Ortiz
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