Determinantes del balance comercial bilateral de México: Ingreso, tipo de cambio y composición de las exportaciones

Carlos Alberto Carrasco; Édgar Demetrio Tovar-García

doi:10.14718/REVFINANZPOLITECON.2019.11.2.3

Determinantes del balance comercial bilateral de México: Ingreso, tipo de cambio y composición de las exportaciones

Translated title of the contribution: Determinants of Mexico's bilateral trade balance: Income, exchange rate, and export composition

Carlos Alberto Carrasco^*, Édgar Demetrio Tovar-García

^*Corresponding author for this work

Departamento de Contabilidad, Finanzas y Economía

Research output: Contribution to journal › Article › peer-review

2 Citations (Scopus)

Abstract

Using dynamic panel data models, this paper studies the determinants of Mexico's bilateral trade balance with 39 trade partners from 1990 to 2016. The literature points to income and real exchange rate as key independent variables. This study includes export composition as an explanatory variable (a previously neglected aspect). Results differ from other researches: there is no robust evidence on the effect of income; there is evidence of the association between bilateral balance and real exchange rate; and there is a weak positive link with exports consisting of high-tech goods, partially explaining Mexico's persistent trade deficit.

Translated title of the contribution	Determinants of Mexico's bilateral trade balance: Income, exchange rate, and export composition
Original language	Spanish
Pages (from-to)	259-276
Number of pages	18
Journal	Revista Finanzas y Politica Economica
Volume	11
Issue number	2
DOIs	https://doi.org/10.14718/REVFINANZPOLITECON.2019.11.2.3
Publication status	Published - 2 Mar 2020

Bibliographical note

Publisher Copyright:
© 2019 Universidad Católica de Colombia. Facultad de Ciencias Económicas y Administrativas. Todos los derechos reservados

Copyright:
Copyright 2020 Elsevier B.V., All rights reserved.

All Science Journal Classification (ASJC) codes

Finance
Economics and Econometrics

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Cite this

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title = "Determinantes del balance comercial bilateral de M{\'e}xico: Ingreso, tipo de cambio y composici{\'o}n de las exportaciones",

abstract = "Using dynamic panel data models, this paper studies the determinants of Mexico's bilateral trade balance with 39 trade partners from 1990 to 2016. The literature points to income and real exchange rate as key independent variables. This study includes export composition as an explanatory variable (a previously neglected aspect). Results differ from other researches: there is no robust evidence on the effect of income; there is evidence of the association between bilateral balance and real exchange rate; and there is a weak positive link with exports consisting of high-tech goods, partially explaining Mexico's persistent trade deficit.",

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N1 - Publisher Copyright: © 2019 Universidad Católica de Colombia. Facultad de Ciencias Económicas y Administrativas. Todos los derechos reservados Copyright: Copyright 2020 Elsevier B.V., All rights reserved.

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AB - Using dynamic panel data models, this paper studies the determinants of Mexico's bilateral trade balance with 39 trade partners from 1990 to 2016. The literature points to income and real exchange rate as key independent variables. This study includes export composition as an explanatory variable (a previously neglected aspect). Results differ from other researches: there is no robust evidence on the effect of income; there is evidence of the association between bilateral balance and real exchange rate; and there is a weak positive link with exports consisting of high-tech goods, partially explaining Mexico's persistent trade deficit.

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Determinantes del balance comercial bilateral de México: Ingreso, tipo de cambio y composición de las exportaciones

Abstract

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