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Foreign Direct Investment, Exports and Imports in Mexico

  • Penélope Pacheco-López

This paper analyses the liberalisation of foreign direct investment (FDI) in Mexico since the late 1980s, and its relationships with exports and imports. Such a process has eased the access of multinational corporations (MNCs) to the country, which has promoted exports. However, it has also resulted in a higher import content and the displacement of local firms, which has limited Mexico's economic development through the balance of payments constraint. The analysis is supported by the existence of linkages - bidirectional Granger causality - between exports, imports and FDI. Copyright Blackwell Publishing Ltd 2005.

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Article provided by Wiley Blackwell in its journal World Economy.

Volume (Year): 28 (2005)
Issue (Month): 8 (08)
Pages: 1157-1172

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Handle: RePEc:bla:worlde:v:28:y:2005:i:8:p:1157-1172
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