Estimación de la demanda mexicana de importaciones

José Antonio Romero Tellaeche () and Rodrigo Aliphat Rodríguez ()
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José Antonio Romero Tellaeche: El Colegio de México
Rodrigo Aliphat Rodríguez: UNAM

Serie documentos de trabajo del Centro de Estudios Económicos from El Colegio de México, Centro de Estudios Económicos

Abstract: The estimation of import demand provides important information for public policies, such as the sensibility for changes either in income or relative prices respect total imports. This paper makes a Vector Error Correction Model (VEC) to estimate import elasticities of income, real prices and imports propensity related to national income. Total imports are a dependent variable while GDP and real exchange rate are independent variables. The principal conclusion is that an increase of 1 peso in Mexican GDP leads to an increase of 0.63 pesos in Mexican imports. This result has important implications on the limits of economic policy, and to indicate the need for a change in the national economic structure.

Keywords: imports; VEC; elasticity (search for similar items in EconPapers)
JEL-codes: F02 F14 F15 (search for similar items in EconPapers)
Date: 2019-10
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Persistent link: https://EconPapers.repec.org/RePEc:emx:ceedoc:2019-04

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