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Spatial Integration of Mexico-U.S. Grain Markets: The Case of Maize, Wheat and Sorghum

Author

Listed:
  • Jose Luis Jaramillo Villanueva

    () (Colegio de Posgrados)

  • Antonio Yunez Naude
  • Valeria Serrano Cote

Abstract

El gobierno mexicano profundizo la liberalizacion del comercio agricola en los 1990 y ello condujo al aumento en los flujos de comercio de granos en America del Norte. Utilizando datos de precios de Mexico e internacionales para el maiz, sorgo y trigo, de 1981 a 2010, mostramos que el comercio entre Mexico y los Estados Unidos de America (EUA) bajo el Tratado de Libre Comercio de America del Norte (TLCAN) ha implicado cambio estructural en los precios recibidos por los productores mexicanos de estos granos, y que esto ha estado acompañado por la convergencia con sus precios internacionales. Se muestra evidencia que la liberalizacion condujo a mayor integracion de los mercados agricolas y que hay una relacion a largo plazo entre las series de precios, y un aumento en la velocidad de ajuste de los precios internos del maiz, sorgo y trigo en respuesta a cambios en los precios internacionales.

Suggested Citation

  • Jose Luis Jaramillo Villanueva & Antonio Yunez Naude & Valeria Serrano Cote, 2015. "Spatial Integration of Mexico-U.S. Grain Markets: The Case of Maize, Wheat and Sorghum," EconoQuantum, Revista de Economia y Negocios, Universidad de Guadalajara, Centro Universitario de Ciencias Economico Administrativas, Departamento de Metodos Cuantitativos y Maestria en Economia., vol. 12(1), pages 57-70, Enero-Jun.
  • Handle: RePEc:qua:journl:v:12:y:2015:i:1:p:57-70
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    More about this item

    Keywords

    mercado de cereales; convergencia de precios; cambio estructural.;

    JEL classification:

    • Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade

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