Mexico's business cycles and synchronization with the USA in the post-NAFTA Years
The full text of this article is not available on SOAR. WSU users can access the article via database licensed by University Libraries: http://libcat.wichita.edu/vwebv/holdingsInfo?bibId=1448254 A number of papers have investigated the increasing macroeconomic ties between Mexico and the USA. These...
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ftwichitau:oai:https://soar.wichita.edu:10057/4010 2024-06-09T07:48:13+00:00 Mexico's business cycles and synchronization with the USA in the post-NAFTA Years Miles, William Vijverberg, Chu-Ping C. 2011-11 http://hdl.handle.net/10057/4010 http://dx.doi.org/ 10.1111/j.1467-9361.2011.00632.x en_US eng Wiley-blackwell Review of Development Economics;15(4), pp: 638–650 Miles W., and Vijverberg C.-P.C. 2011. "Mexico's business cycles and synchronization with the USA in the post-NAFTA Years". Review of Development Economics.15 (4): 638-650. 1363-6669 WOS ID:000296301500004 http://hdl.handle.net/10057/4010 http://dx.doi.org/ 10.1111/j.1467-9361.2011.00632.x © 2011 Blackwell Publishing Lt Article 2011 ftwichitau 2024-05-10T03:27:33Z The full text of this article is not available on SOAR. WSU users can access the article via database licensed by University Libraries: http://libcat.wichita.edu/vwebv/holdingsInfo?bibId=1448254 A number of papers have investigated the increasing macroeconomic ties between Mexico and the USA. These studies have relied on linear models, however, making their results suspect. Other papers have investigated nonlinearity over the Mexican business cycle, but have not studied the links between the Mexican and US economies. In this paper a Markov-switching model is employed to investigate the changing macroeconomic effect of the USA on Mexico. The findings show that the USA indeed appears to have a much larger impact since the passage of the North Atlantic Free Trade Association (NAFTA) than in previous years. Results also indicate that the level of foreign exchange reserves has much less predictive power for the Mexican economy since NAFTA. This suggests that the greater synchronization with the US business cycle may be more attributable to better macroeconomic management in Mexico than to the closer trade links. Peer reviewed article Article in Journal/Newspaper North Atlantic Wichita State University: SOAR (Shocker Open Access Repository) |
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Open Polar |
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Wichita State University: SOAR (Shocker Open Access Repository) |
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ftwichitau |
language |
English |
description |
The full text of this article is not available on SOAR. WSU users can access the article via database licensed by University Libraries: http://libcat.wichita.edu/vwebv/holdingsInfo?bibId=1448254 A number of papers have investigated the increasing macroeconomic ties between Mexico and the USA. These studies have relied on linear models, however, making their results suspect. Other papers have investigated nonlinearity over the Mexican business cycle, but have not studied the links between the Mexican and US economies. In this paper a Markov-switching model is employed to investigate the changing macroeconomic effect of the USA on Mexico. The findings show that the USA indeed appears to have a much larger impact since the passage of the North Atlantic Free Trade Association (NAFTA) than in previous years. Results also indicate that the level of foreign exchange reserves has much less predictive power for the Mexican economy since NAFTA. This suggests that the greater synchronization with the US business cycle may be more attributable to better macroeconomic management in Mexico than to the closer trade links. Peer reviewed article |
format |
Article in Journal/Newspaper |
author |
Miles, William Vijverberg, Chu-Ping C. |
spellingShingle |
Miles, William Vijverberg, Chu-Ping C. Mexico's business cycles and synchronization with the USA in the post-NAFTA Years |
author_facet |
Miles, William Vijverberg, Chu-Ping C. |
author_sort |
Miles, William |
title |
Mexico's business cycles and synchronization with the USA in the post-NAFTA Years |
title_short |
Mexico's business cycles and synchronization with the USA in the post-NAFTA Years |
title_full |
Mexico's business cycles and synchronization with the USA in the post-NAFTA Years |
title_fullStr |
Mexico's business cycles and synchronization with the USA in the post-NAFTA Years |
title_full_unstemmed |
Mexico's business cycles and synchronization with the USA in the post-NAFTA Years |
title_sort |
mexico's business cycles and synchronization with the usa in the post-nafta years |
publisher |
Wiley-blackwell |
publishDate |
2011 |
url |
http://hdl.handle.net/10057/4010 http://dx.doi.org/ 10.1111/j.1467-9361.2011.00632.x |
genre |
North Atlantic |
genre_facet |
North Atlantic |
op_relation |
Review of Development Economics;15(4), pp: 638–650 Miles W., and Vijverberg C.-P.C. 2011. "Mexico's business cycles and synchronization with the USA in the post-NAFTA Years". Review of Development Economics.15 (4): 638-650. 1363-6669 WOS ID:000296301500004 http://hdl.handle.net/10057/4010 http://dx.doi.org/ 10.1111/j.1467-9361.2011.00632.x |
op_rights |
© 2011 Blackwell Publishing Lt |
_version_ |
1801379830012313600 |