Latin American trade elasticities

Fullerton, Thomas M.; Sawyer, W. Charles; Sprinkle, Richard L.

doi:10.1007/bf02745948

Cited by 20 publications

(14 citation statements)

References 25 publications

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“…In line with the results obtained by Fullerton and Schauer (2001), the payroll reaction time with respect to changes in the real value of the peso differs from that associated with real wages. While both variables affect the dollar denominated cost of the labor inputs, heterogeneous lag structures associated with factor price and exchange rate variables are fairly common in international trade functions estimated for Latin American economies (Fullerton et al 1999).…”

Section: Resultsmentioning

confidence: 99%

“…Because maquiladora output is primarily exported to parent companies located north of the border, the Federal Reserve System Board of Governors United States industrial production index is used as a proxy for overall market conditions (www.federalreserve.gov). A real peso/dollar exchange rate index calculated by the Federal Reserve Bank of Dallas (www.dallasfed.org) is also included in the analysis because it allows for heterogeneous reactions by international investment to distinct labor and currency market developments that individually affect dollar-denominated wage measures (Fullerton et al 1999).…”

Section: Methodsmentioning

confidence: 99%

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Short-run maquiladora employment dynamics in Tijuana

2004

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The Tijuana maquiladora sector has grown enormously over the past two decades. Short-term time series characteristics of this segment of the regional economy are analyzed in an attempt to clarify labor market behavior associated with this remarkable performance. Parameter estimation is accomplished using linear transfer function analysis. Data are drawn from the January 1980–December 2000 sample period. Empirical results indicate that real wage rates, maquiladora plants, United States industrial activity, and the real exchange rate of the peso play significant roles in determining month-to-month fluctuations in maquiladora employment. Sub-sample simulation exercises are conducted using a random walk benchmark in order to examine forecast accuracy. Empirical results indicate that the linear transfer function technique provides relatively accurate forecasts all step-lengths. Copyright Springer-Verlag 2004R15,

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Section: Resultsmentioning

confidence: 99%

Section: Methodsmentioning

confidence: 99%

Short-run maquiladora employment dynamics in Tijuana

2004

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“…Because the real wage index is measured in pesos, a real exchange rate index is also included in the analysis. Incorporation of the exchange rate as an independent variable is useful since it allows for heterogeneous reactions by international investment to distinct labor and currency market developments that affect dollar wage measures [Fullerton et al, 1999].…”

Section: Methodsmentioning

confidence: 99%

Short-run maquiladora employment dynamics

Fullerton

Schauer

2001

International Advances in Economic Research

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“…As population growth approaches zero, positive dynamic gains from trade are generated by world income growth, which translates into higher demand for exports, and technical change multiplied by the price elasticity. 1964-19853,93 1995Reinhart 1970-1991 2,447 -0,148 y: foreign market income pm: import unit value index pd: domestic producer price or wholesale index *: significance at 5% level Source: Bairam (1988), Fullerton et al 1999, Houthakker and Magee (1969), Reinhart (1995. Verspagen (1995) for an extensive explanation.…”

Section: Resultsmentioning

confidence: 99%

Simultaneous estimation of income and price elasticities of export demand, scale economies and total factor productivity growth for Brazil

Mutz

Ziesemer²

2008

Applied Economics

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This paper focuses on a model in which low (high) export demand elasticities and the fact that developing countries are importers of capital goods help explaining the slow (high) growth of these countries. The question arises whether export demand elasticities are low or high. For answering this question, export demand elasticities for the case of Brazil are estimated using a growth model. As a by-product of estimating the model, we obtain estimates for total-factor productivity growth and for scale economies. Based on the results from estimation we calculate steady-state growth rates, engine and handmaiden effects of growth as well as dynamic steady-state gains from trade. The model and the results are discussed in regard to several strands of literature.

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Latin American trade elasticities

Cited by 20 publications

References 25 publications

Short-run maquiladora employment dynamics in Tijuana

Short-run maquiladora employment dynamics in Tijuana

Short-run maquiladora employment dynamics

Simultaneous estimation of income and price elasticities of export demand, scale economies and total factor productivity growth for Brazil

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