Trade Liberalisation, the Peso, and Mexico's Commodity Trade Flows with the United States

Mohsen Bahmani-Oskooee and Scott William Hegerty ()

The Journal of Development Studies, 2009, vol. 45, issue 5, pages 693-725

Abstract: We assess the effects of real peso devaluations, as well as the effects of GATT and NAFTA, on Mexico's in-payments and out-payments with the United States for 102 industries. We find that relatively few trade flows are sensitive to changes in the real exchange rate, probably due to production-sharing and intra-industry trade, but devaluations affect Mexican imports more than exports. Trade liberalisation has had a larger impact, particularly on imports of intermediate goods and exports of certain manufactures. Many affected export industries are ones that have previously been shown to have economies of scale.

Date: 2009

Downloads: (external link)
http://www.informaworld.com/openurl?genre=article& ... 40C6AD35DC6213A474B5 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:taf:jdevst:v:45:y:2009:i:5:p:693-725

Ordering information: This journal article can be ordered from
http://www.tandf.co.uk/journals/subscription.html

Access Statistics for this article

The Journal of Development Studies is edited by Howard White, Stuart Corbridge and Oliver Morrissey

More articles in The Journal of Development Studies from Taylor and Francis Journals
Series data maintained by Christopher F. Baum ().