Have liberalisation and NAFTA had a positive impact on Mexico´s output growth?
AbstractThis paper analyses the role of real exports, and foreign direct investment in explaining real growth in an era of economic liberalisation. The econometric approach is based on time series analysis using VARs, Granger causality, impulse response functions and variance decomposition. The empirical results reveal that exports Granger cause output growth in Mexico, which is a possible confirmation of the Export-led growth paradigm. However, no effect from FDI on GDP is found. The inclusion of NAFTA’s potential impact confirms the positive effect of exports and reveals that GDP and exports Granger cause FDI. The evidence suggests that export promotion and liberalisation in Mexico had the potential to attract greater flows of foreign capital and induce economic growth.
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Bibliographic InfoArticle provided by Universidad del CEMA in its journal Journal of Applied Economics.
Volume (Year): XII (2009)
Issue (Month): (May)
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foreign direct investment; exports; output; NAFTA; Mexico;
Find related papers by JEL classification:
- C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
- F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
- F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
- O1 - Economic Development, Technological Change, and Growth - - Economic Development
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- Quichun He & Meng Sun & Heng-Fu Zou, 2013.
"Financial deregulation, absorptive capability, technology diffusion and growth: Evidence from Chinese panel data,"
Journal of Applied Economics,
Universidad del CEMA, vol. 0, pages 275-302, November.
- Qichun He & Meng Sun & Heng-fu Zou, 2012. "Financial Deregulation, Absorptive Capability, Technology Diffusion and Growth: Evidence from Chinese Panel Data," CEMA Working Papers 560, China Economics and Management Academy, Central University of Finance and Economics.
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