THE IMPACT OF THE REAL EXCHANGE RATE AND OTHER MACROECONOMIC AND MICROECONOMIC VARIABLES ON THE COMPETITIVENESS OF MEXICAN MANUFACTURING EXPORTS, EL IMPACTO DEL TIPO DE CAMBIO REAL Y OTRAS VARIABLES MACRO Y MICRO EN LA COMPETITIVIDAD DE LAS EXPORTACIONES MANUFACTURERAS MEXICANAS

Sergio Quiroz Galvez, Mario Alberto Lagunes Perez and Carlos Jimenez Garcia

Revista Internacional Administracion & Finanzas, 2016, vol. 9, issue 6, 1-9

Abstract: The competitiveness of Mexican manufacturing exports plays a leading role, as the bridge to reach prosperity and economic growth. This work examines the impact of the real exchange rate and other macro and microeconomic variables on competitiveness. We use a model of multivariate regression, where the values of the variables are contrasted with international competitiveness indices provided by the World Economic Forum (WEF) and the Mexican Institute for Competitiveness (IMCO). The results suggest that the real exchange rate is not a significant element that affects the competitiveness of manufactured exports. However, economic activity of the country is highly dependent on the US economy. This gives motivation to promote policies to diversify markets, increase productivity and consummate recently adopted structural reforms to improve economic growth

Keywords: Competitiveness; Real Exchange Rate; Manufacturing Exports; Economic Activity (search for similar items in EconPapers)
JEL-codes: F02 F15 F31 F53 G15 (search for similar items in EconPapers)
Date: 2016
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