"Competitividad del Sector Externo Mexicano: Un análisis de la Condición Marshall-Lerner "

Abstract

This article analyzes the effect of real exchange rate fluctuations on the trade balance. For this, the Marshall-Lerner hypothesis is operationalized in the case of the Mexican exonomy during the period 1986-2014. The empirical estimation is made based on a vector autoregression model with error correction (VEC). The results show that in the long run the real exchage rate improves the position of the trade balance also is evidence that validates the short-term course of the curve J.