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How Has Nafta Affected the Mexican Economy? Review and Evidence / Ayhan Kose, Christopher Towe, Guy Meredith.
- Format:
- Book
- Government document
- Author/Creator:
- Kose, M. Ayhan.
- Series:
- IMF Working Papers; Working Paper ; No. 2004/059
- IMF Working Papers
- Language:
- English
- Subjects (All):
- North American Free Trade Agreement (1992 December 17).
- North American Free Trade Agreement.
- Business cycles--Mexico.
- Business cycles.
- Mexico--Economic conditions--1994-.
- Mexico.
- Physical Description:
- 1 online resource (49 p.)
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 2004.
- Language Note:
- English
- Summary:
- This paper provides a comprehensive assessment of the impact of NAFTA on growth and business cycles in Mexico. The effect of the agreement in spurring a dramatic increase in trade and financial flows between Mexico and its NAFTA partners, and its impact on Mexican economic growth and business cycle dynamics, are documented with reference both to stylized facts and recent empirical research. The paper concludes by drawing lessons from Mexico's NAFTA experience for policymakers in developing countries. The foremost of these is that in an increasingly globalized trading system, bilateral and regional free trade arrangements should be used to accelerate, rather than postpone, needed structural reform.
- Contents:
- ""Contents""; ""I. INTRODUCTION""; ""II. THE BASICS OF NAFTA""; ""III. MEXICO IN THE 1990S AND ISOLATING THE IMPACT OF NAFTA""; ""IV. GROWTH OF TRADE AND FINANCIAL FLOWS AFTER NAFTA""; ""V. DYNAMICS OF MACROECONOMIC VOLATILITY""; ""VI. DYNAMICS OF COMOVEMENT""; ""VII. DYNAMICS OF ECONOMIC GROWTH""; ""VIII. FUTURE POLICY CHALLENGES FOR MEXICO""; ""IX. SUMMARY AND CONCLUSIONS ""; ""References""
- Notes:
- Description based upon print version of record.
- Includes bibliographical references.
- Description based on online resource; title from PDF cover (ebrary, viewed June 27, 2015).
- ISBN:
- 9786613778505
- 9781462349005
- 1462349005
- 9781452764399
- 1452764395
- 9781281311313
- 1281311316
- 9781451894813
- 1451894813
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