Blecker, Robert A.; Ibarra, Carlos A. - In: Structural Change and Economic Dynamics 25 (2013) C, pp. 33-47
Previous studies have found that a tightening of the balance of payments (BP) constraint can explain the slowdown in Mexico's growth after its trade liberalization in the late 1980s. This paper develops a disaggregated model of the BP constraint with two types of exports (manufactures and...
