Oil, Money, And The Mexican Economy: A Macroeconometric Analysis

by Francisco Carrada-Bravo

Overview

In the mid-1970s unemployment, inflation and monetary disturbances were dominant forces in the Mexican economy. Beginning in late 1977, however the situation drastically changed. The discovery of enormous oil fields, combined with a structural and social factors, vastly improved the nation's prospects and in terms of business cycles, its economy moved from trough to peak. In assessing these changes, Dr Carrada constructs a macro-econometric model- based on the monetary approach to the balance of payments- to deal in the short-run with structural features of Mexico's economy. He then applied his model to a variety of scenarios in order to explore the short-term dynamic impact of oil revenues on real incomes, prices, inflation, money, supply and balance of payments. Incorporating theoretical and empirical evidence of hoe expectations affect levels of economic activity and inflation, Dr Carrada's model is applicable also to the conditions of other oil-rich developing countries

Product Details

ISBN-13:	9780429716775
Publisher:	Taylor & Francis
Publication date:	11/28/2021
Sold by:	Barnes & Noble
Format:	eBook
Pages:	146
File size:	3 MB

About the Author

Dr Carrada is director of economic studies and associate professor of economics at the Monterrey Institute of Technology in Mexico.

Table of Contents

1 MEXICO: A STRUCTURAL ANALYSIS 2 THE DESCRIPTION OF THE MODEL, 3 EMPIRICAL EVIDENCE FOR MEXICO 4 SUMMARY REPORT, GENERAL CONCLUSIONS, AND RECOMMENDATIONS