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high propensity to import constitutes a significant obstacle to economic growth in Mexico since the benefits of increased …
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in Mexico. While some results are obtained from Johansen’s VECM model, most of the analysis is carried out within an … variations in the real exchange rate has fallen over time, presumably because of the rising share of maquila in Mexico’s export … results are briefly discussed, making reference to the possible external constraint on Mexico’s economic growth …
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This paper shows that reduced heterogeneity of exporter-specific goods can provide a direct explanation of the distance puzzle. Using COMTRADE 4-digit bilateral trade data we find that the elasticity of trade to distance has increased by 8% from 1962 to 2009. Theoretical foundations of the...
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