Wpływ porozumień handlowych na synchronizację gospodarki meksykańskiej z gospodarką światową
Impact of the Mexican trade agreements on its business cycle synchronization with the world economy

Summary/Abstract: In this paper we evaluate the role of trading channels in the transmission of shocks on the basis of the business cycle synchronization between the Mexican and the world economy. In order to evaluate business cycle synchronization, parameters of 2-variate VAR models for GDP growths are estimated. Measures of instantaneous quasi-correlation coefficients are calculated for the period preceding the signing of an agreement and the period of validity of the agreement.

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