IMF Working Papers Volume 2004 Issue 059: How Has Nafta Affected the Mexican Economy? Review and Evidence (2004)

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How Has Nafta Affected the Mexican Economy? Review and Evidence

Author:

Mr. Ayhan Kose

Mr. Ayhan Kose
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Mr. Christopher M Towe

Mr. Christopher M Towe
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Mr. Guy M Meredith

Mr. Guy M Meredith
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Series:: IMF Working Papers

Volume/Issue:: Volume 2004: Issue 059

Language:: English

Publication Date:: 01 Apr 2004

DOI:: https://doi.org/10.5089/9781451847970.001

ISBN:: 9781451847970

ISSN:: 1018-5941

Pages:: 49

Keywords:: WP; NAFTA partner; growth performance; free trade; NAFTA experience; output volatility; NAFTA; Mexico; Growth; Trade; Regional Trade; Business Cycles; Nafta membership; dispute settlement process; NAFTA legislation; NAFTA member; North American Free Trade Agreement; Trade balance; Exports; Imports; North America; Global

Legal-disclaimer:: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Series:: IMF Working Papers

Volume/Issue:: Volume 2004: Issue 059

Language:: English

Publication Date:: 01 Apr 2004

DOI:: https://doi.org/10.5089/9781451847970.001

ISBN:: 9781451847970

ISSN:: 1018-5941

Pages:: 49

Keywords:: WP; NAFTA partner; growth performance; free trade; NAFTA experience; output volatility; NAFTA; Mexico; Growth; Trade; Regional Trade; Business Cycles; Nafta membership; dispute settlement process; NAFTA legislation; NAFTA member; North American Free Trade Agreement; Trade balance; Exports; Imports; North America; Global

Legal-disclaimer:: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

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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.

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IMF Working Papers

ISSN:: 1018-5941

Publisher:: International Monetary Fund

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