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Trade liberalisation in Mexico and its impact on exports, imports and the balance of payments

Pacheco-Lopez, Penelope (2003) Trade liberalisation in Mexico and its impact on exports, imports and the balance of payments. Doctor of Philosophy (PhD) thesis, University of Kent. (doi:10.22024/UniKent/01.02.86281) (KAR id:86281)

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https://doi.org/10.22024/UniKent/01.02.86281

Abstract

The aim of this thesis is to disentangle the effects of trade liberalisation during the mid1980s from the trade liberalisation involved in the North American Free Trade Agreement (NAFTA) on exports, imports and the balance of payments in Mexico, at the aggregate and disaggregated level. The main empirical results suggest that the trade reforms during the mid-1980s had a significant impact on trade, exports and imports; however, the effects of NAFTA are negligible. In spite of the fast rate of manufacturing exports, the most dynamic sector, imports have increased even faster. Therefore, trade liberalisation has worsened the trade balance. In addition to this, the evidence presented in this thesis shows that more liberalised trade has not contributed to an improved economic performance in Mexico, as promised a decade ago, before NAFTA came into effect, by the leaders of Canada, Mexico and the US. However, NAFTA has locked-in Mexico's trade and foreign investment policy, easing the access of multinational firms to the country but with minimum forward and backward linkages to the domestic economy. It is corroborated that Mexico's economic performance is constrained by the external sector and trade liberalisation has contributed to reinforcing the dependence of domestic industry on imports.

Item Type: Thesis (Doctor of Philosophy (PhD))
Thesis advisor: Thirlwall, A.P.
DOI/Identification number: 10.22024/UniKent/01.02.86281
Additional information: This thesis has been digitised by EThOS, the British Library digitisation service, for purposes of preservation and dissemination. It was uploaded to KAR on 09 February 2021 in order to hold its content and record within University of Kent systems. It is available Open Access using a Creative Commons Attribution, Non-commercial, No Derivatives (https://creativecommons.org/licenses/by-nc-nd/4.0/) licence so that the thesis and its author, can benefit from opportunities for increased readership and citation. This was done in line with University of Kent policies (https://www.kent.ac.uk/is/strategy/docs/Kent%20Open%20Access%20policy.pdf). If you feel that your rights are compromised by open access to this thesis, or if you would like more information about its availability, please contact us at ResearchSupport@kent.ac.uk and we will seriously consider your claim under the terms of our Take-Down Policy (https://www.kent.ac.uk/is/regulations/library/kar-take-down-policy.html).
Subjects: H Social Sciences
Divisions: Divisions > Division of Human and Social Sciences > School of Economics
SWORD Depositor: SWORD Copy
Depositing User: SWORD Copy
Date Deposited: 29 Oct 2019 16:47 UTC
Last Modified: 16 Dec 2021 10:41 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/86281 (The current URI for this page, for reference purposes)
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