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Trade between advanced and underdeveloped countries: a Pasinetti model – Mexico–US 2013–2018

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  • Pablo Ruiz Nápoles
  • Javier Castañeda León

Abstract

In this work, we construct an empirical model based on Pasinetti’s writings to analyze trade between an advanced country, the United States, and an underdeveloped country, Mexico. This model utilizes actual data from the US and Mexico. Our findings show that Pasinetti’s trade theories regarding advanced and underdeveloped countries fully apply to the US–Mexico case during the period 2013–2018. Consequently, his theses about this type of trade are confirmed: Mexico’s terms of trade with the US worsen; there are no gains from trade in terms of productivity for Mexico, but leakages of productivity gains from Mexico to the US.

Suggested Citation

  • Pablo Ruiz Nápoles & Javier Castañeda León, 2025. "Trade between advanced and underdeveloped countries: a Pasinetti model – Mexico–US 2013–2018," Review of Keynesian Economics, Edward Elgar Publishing, vol. 13(2), pages 289-312, April.
    • Handle: RePEc:elg:rokejn:v:13:y:2025:i:2:p289-312
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    More about this item

    Keywords

    productivity; terms of trade; unequal exchange; input–output; growth;
    All these keywords.

    JEL classification:

    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • D57 - Microeconomics - - General Equilibrium and Disequilibrium - - - Input-Output Tables and Analysis
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

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