Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/68134
Authors: 
Pacheco-López, Penélope
Year of Publication: 
2004
Series/Report no.: 
Department of Economics Discussion Paper, University of Kent 04,01
Abstract: 
The aim of this paper is to disentangle the effects of trade liberalisation during the mid-1980s from the liberalisation involved in the North American Free Trade Agreement (NAFTA) on exports, imports and the balance of payments in Mexico. The main empirical results suggest that the trade reforms during the mid-1980s had a significant impact of trade, exports and imports; however, the effects of NAFTA are negligible. Since the mid-1980s, the propensity to import has exceeded the propensity to export and this has worsened the growth rate consistent with balanced trade, and this is a major explanation of the slowdown of Mexico's growth in recent years. NAFTA has not delivered the improved growth performance that was promised by Mexico's political leaders at the time.
Subjects: 
Trade liberalisation
NAFTA
Exports
Imports
Balance of Payments
Mexico
JEL: 
C22
F13
F32
F43
Document Type: 
Working Paper

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