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Efectos del ciclo económico en EE. UU. sobre la producción y el empleo en México

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  • Arturo Antón-Sarabia

    (Division of Economics, CIDE)

Abstract

The paper examines the empirical regularities between the cyclical component of U.S. output and variables of output and employment in Mexico. Based on these regularities, it explores the effects of the current U.S. recession on the Mexican economy. The findings suggest that both output and employment in Mexico are pro-cyclical relative to U.S. output. Regarding the current recession, the fall in Mexico's output gap might be similar to the fall registered during the Tequila crisis, whereas the increase in the unemployment rate gap might be relatively smaller. In terms of the length of recovery, it would take approximately five and four years for output and the unemployment rate in Mexico to return to its trend, respectively.

Suggested Citation

  • Arturo Antón-Sarabia, 2009. "Efectos del ciclo económico en EE. UU. sobre la producción y el empleo en México," Working Papers DTE 456, CIDE, División de Economía.
    • Handle: RePEc:emc:wpaper:dte456
    as

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    File URL: http://www.economiamexicana.cide.edu/RePEc/emc/pdf/DTE/DTE456.pdf
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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    international business cycles; business cycle's stylized facts; recession; Mexico;
    All these keywords.

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications
    • F44 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Business Cycles

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