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During the last years, Mexico has registered relatively large output falls. The business cycle accounting method of … Chari, Kehoe and McGrattan (2007) is applied to the two most recent recessions in Mexico (including the “Tequila crisis”) in … ; Tequila crisis ; Total factor productivity ; Mexico …
Persistent link: https://www.econbiz.de/10003748709
This paper examines the impact of trade liberalization under NAFTA on the productivity of the Mexican automobile industry. Using a panel of establishments for the period 1994-2014, in a first stage a Cobb-Douglas production function is estimated by the Levinsohn and Petrin's (2003) method (in an...
Persistent link: https://www.econbiz.de/10012597648
This work analyzes whether monetary policy in advanced economies has differentiated effects on portfolio flows towards emerging economies coming from the US, the Euro Area and the UK. The results show the following: First, portfolio flows' response to US monetary policy events is vastly...
Persistent link: https://www.econbiz.de/10012166097
In this paper, we investigate the effect of weather shocks on the price of two crops of great importance in Mexican agriculture: white corn and dry beans. We rely on panel data techniques applied to a 20-year long panel of prices at the market/city level. Our results show that positive...
Persistent link: https://www.econbiz.de/10014438868
This paper aims to measure the gross output loss due to misallocation of resources in Mexico during 2008-2018 and to … measurement error. I find that the misallocation in Mexico is mainly in the service sector, as a result of capital and labor … structural factors related to the misallocation of resources in Mexico. …
Persistent link: https://www.econbiz.de/10014390552
We analyze the relationship between uncertainty and economic growth expectations in Mexico through the Growth at Risk …
Persistent link: https://www.econbiz.de/10014391253
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