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Estructura económica y sincronización de los ciclos económicos: Evidencia de los estados de México

Author

Listed:
  • Gómez-Zaldívar, Manuel

    (Universidad de Guanajuato)

  • Gómez-Zaldívar, Fernando

    (Tecnológico de Monterrey)

Abstract

According to recent studies, the growing economic integration between Mexico and the United States, that resulted from the North American Free Trade Agreement (NAFTA), heterogeneously transformed the economic structure of Mexico’s states. This study provides evidence that this, in turn, altered the degree and nature of economic synchronization among them. Furthermore, it shows evidence of an increasingly significant positive relationship from 1994 on between economic synchronization and the level of sophistication of states’ economic structures [measured by the Economic Complexity Index (ECI)]. As economic integration increases, it becomes easier for shocks to be transmitted between state economies with similar economic structures, either because their characteristics make them more sensitive to the same kinds of shocks or simply because they are so closely linked. Our results help provide a greater understanding of the states’ economic evolution during the period analyzed.

Suggested Citation

  • Gómez-Zaldívar, Manuel & Gómez-Zaldívar, Fernando, 2024. "Estructura económica y sincronización de los ciclos económicos: Evidencia de los estados de México," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 58, pages 163-177.
    • Handle: RePEc:ris:invreg:0523
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    References listed on IDEAS

    as
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    3. Andrew Abbott & Joshy Easaw & Tao Xing, 2008. "Trade Integration and Business Cycle Convergence: Is the Relation Robust across Time and Space?," Scandinavian Journal of Economics, Wiley Blackwell, vol. 110(2), pages 403-417, June.
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    5. Juan Carlos Chávez & Marco T. Mosqueda & Manuel Gómez-Zaldívar, 2017. "Economic Complexity and Regional Growth Performance: Evidence from the Mexican Economy," The Review of Regional Studies, Southern Regional Science Association, vol. 47(2), pages 201-219, Summer.
    6. Inklaar, Robert & Jong-A-Pin, Richard & de Haan, Jakob, 2008. "Trade and business cycle synchronization in OECD countries--A re-examination," European Economic Review, Elsevier, vol. 52(4), pages 646-666, May.
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    More about this item

    Keywords

    Synchronization and Economic Integration; Economic complexity index;

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • F15 - International Economics - - Trade - - - Economic Integration
    • F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements

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