An ARDL approach to the Balassa-Samuelson effect in emerging markets: the case of Mexico
Fecha de publicación2018
Piedras Romero, Ezequiel
URL del recursohttp://hdl.handle.net/11651/2577
MetadataShow full item record
This work analyzed the presence of the Balassa-Samuelson Effect for the case of Mexico. The econometric approach taken was to estimate an Autoregressive Distributed Lag model. It was specified that the nominal exchange rate depended on the differential of productivity, the differential of price levels, and the differential of interest rates between Mexico and the United States. This specification is congruent with the theoretical results obtained by Farhi and Gabaix. It was found that the differential of productivity contributes to the depreciation of the exchange rate in the long run due to the constant loss of productivity of Mexico with respect to the United States.
Licenciatura en Economía
Tesis de licenciatura
Dr. Daniel Ventosa-Santaulària
CitaPiedras Romero, Ezequiel. "An ARDL approach to the Balassa-Samuelson effect in emerging markets: the case of Mexico". Tesis de licenciatura. Centro de Investigación y Docencia Económicas, 2018. http://hdl.handle.net/11651/2577
Foreign exchange rates -- Effect of industrial productivity on -- Mexico -- Econometric models.
Foreign exchange rates -- Effect of prices on -- Mexico -- Econometric models.
Foreign exchange rates -- Effect of interest rates on -- Mexico -- Econometric models.