Economic integration, economic crises and economic cycles in Mexico

Cuauhtémoc Calderón Villarreal ()
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Cuauhtémoc Calderón Villarreal: El Colegio de la Frontera Norte, Mexico

Contaduría y Administración, 2017, vol. 62, issue 1, 85–104

Abstract: This article analyzes the peculiarity of the dynamics of economic fluctuations of the Mexican economy, within the framework of its integration with the US and Canada; the article demonstrates how the Mexican economy make endogenous the macroeconomic crises from the USA (2001 and 2007), and how the business cycles of both countries became more aligned to each other. Based on the heterodox economic theory of crises and cycles, we check the “empirical law of economic dynamics” of the Mexican capitalist system according to the logic of the multiplier–accelerator theory that allowed us to study the dynamics of business cycles for the period of the study (1993–2013). To do this, we construct and estimate a stationary VAR model and utilize the Granger causality tests and quarterly data.

Keywords: Economic integration; NAFTA; Crisis; Business cycles; Growth (search for similar items in EconPapers)
JEL-codes: C32 E32 F02 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:nax:conyad:v:62:y:2017:i:1:p:85-104

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