Mexico : Selected Issues.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. Western Hemisphere Department.

Contributor:

International Monetary Fund. Western Hemisphere Department.

Series:

IMF Staff Country Reports; Country Report ; No. 2012/317

IMF country report ; no. 12/317

IMF Staff Country Reports

Language:

English

Subjects (All):

Economic development--Mexico.

Economic development.

Labor market--Mexico.

Labor market.

Physical Description:

1 online resource (64 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2012.

Language Note:

English

Summary:

Mexico is an open economy with strong real and financial links to the rest of the world with risks of spillovers from global turbulence. Recent gains in market share in the U.S. manufacturing market are owed to improved relative unit labor costs and reemergence of a location advantage. Mexico’s current fiscal framework requires measures to offset the emerging challenges of a decline in oil revenues and the projected increase in health- and pensions-related spending. The sustained increase of bank credit after the global crisis has been reversed. The effects of migration depend on labor reform.

Contents:

Cover; Contents; I. Mexico: A Closer Look at Global Spillover Channels; A. Introduction; B. Mexico's Linkages with the U.S. and the Rest of the World; Tables; I.1 Top Mexico Export Destinations; I.2 Mexico and US GDP Cointegration Post-NAFTA; Figures; I.1 Trade to GDP: Mexico vs. Selected Emerging Markets; I.2 Trade with World and U.S; I.3 Matrix of Correlation Coefficients; I.4 Variance Decompositions from Bivariate VARs: Mexico Real GDP; I.5 Variance Decompositions from Bivariate VARs: Mexico Real Exports; I.3 Annual GDP Growth Rates; I.6 Real Export Growth by Region

I.7 Announced Plans for Future FDI in Mexico, 2012I.4 Workers' Remittances vs. U.S. Value of Construction; I.5 Workers' Remittances vs. Value of Construction; I.6 Financial Integration: Mexico vs. Selected Comparator; I.7 Financial Integration: Foreign Assets and Liabilities; I.8 Foreign Liabilities Position; I.9 Foreign Asset Position; I.8 Top Ten Sources of FDI, 2010; I.9 Top Ten Destinations of FDI, 2010; I.10 Stock of Portfolio Liabilities by Region; I.10 Portfolio Liabilities vs. Real World Interest Rates; I.11 Annual Change in Residents' Portfolio Investment Abroad

C. Sensitivity of Mexico's Growth and Asset Prices to Global ShocksI.11 Stock of Domestic Public Sector Debt Held by Foreigners; I.12 Daily Foreign Exchange Market Turnover; I.13 VIX and FX Rate; I.14 Response of Real GDP to Selected Indicators; I.15 Response of Market Prices to Shocks in Global Financial Conditions; D. Conclusion; I.16 Impulse Response to One Standard Deviation Innovations in the VIX; References; II. What Explains Mexico's Recovery of U.S. Market Share?; A. Background and Recent Developments; II.1 Share of U.S. Manufacturing Imports by Origin

II.2 Mexico's Market Share of U.S. Imports within each Manufacturing CategoryII.1 Sectors with the Biggest gain in U.S. Import Market Share: 2005-2012; II.3 Auto and Other Manufactured Goods Exports; B. Evolution of U.S. Market Share: Mexico and China; II.4a 2005-2007 Period; II.4b 2010-2012 Period; II.2 Sectors in Which the Largest Fraction of Market Share Gain Accrued from China (2010-2012); II.5 Gains in Mexico's Market Share Attributed to Each Competitor; C. What Explains Mexico's Increased Competitiveness?; II.3 Change in Mexico Market Share Vis-à-Vis China and Factor Intensity

II.6 Real Dollar Annual Wages: Mexico and ChinaII.7 Nominal Exchange Rate; II.8 Mexico: Unit Labor Costs and Productivity in Manufacturing; II.9 U.S. Manufacturing-Outsourcing Cost Index; References; Appendixes; II.1 Data and Methodology Used; III. The Case for Tax Revenue Mobilization in Mexico; A. Introduction; B. Macroeconomic Considerations for Revenue Mobilization; III.1 Selected Fiscal Sector Indicators; C. Mexico's Tax System: A Cross-Country Perspective; III.2 Public Spending in Health and Pensions; III.3 Total Tax Revenue and Income Levels; III.4 Total Tax Revenue Collection in 2010

III.5 Direct-to-Indirect Tax rations Across Country Groups

Notes:

"November 2012."

"Approved by the Western Hemisphere Department" -- verso of t.p.

Includes bibliographical references.

Description based on print version record.

ISBN:

9781475551464

1475551460

9781475523232

1475523238

9781283947916

1283947919