IDEAS home Printed from https://ideas.repec.org/a/emc/ecomex/v4y1995i2p239-263.html
   My bibliography  Save this article

Comportamiento del tipo de cambio real y desempeño económico en México

Author

Listed:
  • Antonio Ávalos Huerta

    (Universidad Estatal de Oklahoma (USA) y Universidad Popular Autónoma del Estado de Puebla (Mexico).)

  • Fausto Hernández Trillo

    (Investigador, Departamento de Economía, CIDE. México, D.F. Mexico.)

Abstract

An ARCH (Autoregressive Conditional Heteroscedasticity) model is used to obtain the variances over time for the real exchange rata (RER) (peso/dollar) in Mexico. Then a model is constructed to establish the relationship between the RER variability and exports and Mexican GDP, respectively. A negative relationship is found which suggests that not only the level but the stability of the RER is important in explaining economic performance in an open economy. Furthermore, an alternative measure of RER misalignment is developed which, in turn, is shown to be negatively related with economic performance in Mexico. These results suggest that more stable exchange rate regimes should be adopted to create an environment suitable for economic growth.

Suggested Citation

  • Antonio Ávalos Huerta & Fausto Hernández Trillo, 1995. "Comportamiento del tipo de cambio real y desempeño económico en México," Economía Mexicana NUEVA ÉPOCA, , vol. 0(2), pages 239-263, July-Dece.
  • Handle: RePEc:emc:ecomex:v:4:y:1995:i:2:p:239-263
    as

    Download full text from publisher

    File URL: http://www.economiamexicana.cide.edu/num_anteriores/IV-2/02_AVALOS_239-263.pdf
    Download Restriction: no

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mario Gómez Aguirre & José Carlos A. Rodríguez Chávez, 2012. "Análisis de la paridad del poder de compra: evidencia empírica entre México y Estados Unidos," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 27(1), pages 169-207.
    2. Fausto Hernández Trillo & Alejandro Villagómez Amezcua, 2000. "La estructura de la deuda pública en México: Lecciones y perspectivas," IDB Publications (Working Papers) 2108, Inter-American Development Bank.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:emc:ecomex:v:4:y:1995:i:2:p:239-263. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ricardo Tiscareño). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.