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

Research output: Contribution to journalArticlepeer-review

1 Citation (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 contributionDeterminants of Mexico's bilateral trade balance: Income, exchange rate, and export composition
Original languageSpanish
Pages (from-to)259-276
Number of pages18
JournalRevista Finanzas y Politica Economica
Volume11
Issue number2
DOIs
Publication statusPublished - 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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