MEXICO’S MANUFACTURING COMPETITIVENESS IN THE US MARKET: A SHORT-TERM ANALYSIS
This paper investigates the impact of some key variables on Mexican manufacturing competitiveness in the US market. To that end, we construct an international competitiveness ( IC ) index for the manufacturing sector. The responsiveness of such an index to an ample set of variables is evaluated thro...
| Autores: | , |
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| Formato: | artículo |
| Estado: | Versión publicada |
| Fecha de publicación: | 2015 |
| País: | México |
| Recursos: | Universidad Autónoma Metropolitana |
| Repositorio: | Redalyc-UAM |
| OAI Identifier: | oai:redalyc.org:60140784008 |
| Acesso em linha: | https://www.redalyc.org/articulo.oa?id=60140784008 https://www.redalyc.org/journal/601/60140784008/ https://www.redalyc.org/journal/601/60140784008/html/ https://www.redalyc.org/journal/601/60140784008/60140784008.epub https://www.redalyc.org/journal/601/60140784008/movil |
| Access Level: | acceso abierto |
| Palavra-chave: | Economía y Finanzas Mexico Latin America Manufacturing industry international competitiveness |
| Resumo: | This paper investigates the impact of some key variables on Mexican manufacturing competitiveness in the US market. To that end, we construct an international competitiveness ( IC ) index for the manufacturing sector. The responsiveness of such an index to an ample set of variables is evaluated through the use of a stationary VAR model. The short-term empirical evidence indicates that: 1) real currency depreciation weakens, rather than strengthens, IC; 2) labor productivity has a strong positive effect on IC, and 3) a real interest rate increase reduces IC. These findings reflect three fundamental problems of the Mexican manufacturing sector and thus have important economic policy implications. |
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