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  1. Firm dynamics and real exchange rate fluctuations
    does trade openness matter? ; evidence from Mexico's manufacturing sector
    Author: Fuentes, Miguel Andrés; Ibarrarán, Pablo
    Published: 2009
    Publisher:  IZA, Bonn

    In this paper we study the effect of NAFTA on the responsiveness of Mexican economy to real exchange rate shocks. We argue that, by opening the U.S. and Canadian markets to Mexican goods, NAFTA made it easier for domestic producers to take advantage... more

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 4 (4494)
    Inter-library loan:
    No inter-library loan

     

    In this paper we study the effect of NAFTA on the responsiveness of Mexican economy to real exchange rate shocks. We argue that, by opening the U.S. and Canadian markets to Mexican goods, NAFTA made it easier for domestic producers to take advantage of the opportunities brought by the depreciation of the real exchange rate. To identify this mechanism, we use plant-level data and compare the behavior of employment, production and investment after two big real exchange rate shocks: the first observed in the mid 1980s, the second the Tequila Crisis of 1994-5. The evidence indicates that after passage of NAFTA exporting firms exhibited higher growth rates of employment, sales, and investment vis-á-vis non-exporters. We confirm our results by analyzing the behavior of a control group of firms, that had complete access to the U.S. market during both devaluations, and we show that they responded in a similar way in both events. Finally, we also provide direct evidence on the relationship between exports and tariff reductions brought by NAFTA. Our results support the view that NAFTA has allowed Mexican producers to respond more quickly to real exchange shocks. -- NAFTA ; RER shocks ; Tequila crisis ; external adjustment ; firm-level evidence of effects of RER shocks

     
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    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/36223
    Series: Discussion paper series / Forschungsinstitut zur Zukunft der Arbeit ; 4494
    Subjects: Kaufkraftparität; Schock; Industrie; Handelsliberalisierung; Mexiko; USMCA-Staaten
    Scope: Online-Ressource (64 S.), graph. Darst.
  2. Microeconomic effects of exchange rate fluctuations
    Author: Fuentes, Miguel Andrés
    Published: 2004

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    B 353861
    Inter-library loan:
    Unlimited inter-library loan, copies and loan
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    Content information
    Source: Union catalogues
    Language: English
    Media type: Dissertation
    Format: Print
    Subjects: Fremdkapital; Währungssubstitution; Schätzung; Chile; Exchange Rate Pass-Through; Import; Außenhandelspreis; Schätzung; Argentinien; Chile; Kolumbien; Uruguay; Kaufkraftparität; Schock; Industrie; Mexiko; USMCA-Staaten
    Scope: 2, XI, 177 S., graph. Darst.
    Notes:

    Kopie, ersch. im Verl. UMI, Ann Arbor, Mich. - Enth. 3 Beitr

    Zugl.: Berkeley, Calif., Univ., Diss., 2004
  3. Firm dynamics and real exchange rate fluctuations
    does trade openness matter? Evidence from Mexico's manufacturing sector
    Author: Fuentes, Miguel Andrés; Ibarrarán, Pablo
    Published: 2010
    Publisher:  Banco Central de Chile, [Santiago de Chile]

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Inter-library loan:
    No inter-library loan
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    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Documentos de trabajo / Banco Central de Chile ; 583
    Subjects: Kaufkraftparität; Schock; Industrie; Handelsliberalisierung; Mexiko; USMCA-Staaten
    Scope: Online-Ressource (64 S.), graph. Darst.
    Notes:

    Zsfassung in span. Sprache