Trade reform, uncertainty, and export promotion Mexico 1982 - 88

This paper uses a simple portfolio optimisation framework to analyse both the direct impact of liberalisation measures and the impact of reduced relative riskiness of exporting versus producing for the Mexican domestic market arising from a commitment to an outward orientation. It allows for uncerta...

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Veröffentlicht in:Journal of development economics
1. Verfasser: Maloney, William F. (VerfasserIn)
Weitere Verfasser: Azevedo, Rodrigo R. (BerichterstatterIn)
Format: UnknownFormat
Sprache:eng
Veröffentlicht: 1995
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Zusammenfassung:This paper uses a simple portfolio optimisation framework to analyse both the direct impact of liberalisation measures and the impact of reduced relative riskiness of exporting versus producing for the Mexican domestic market arising from a commitment to an outward orientation. It allows for uncertainty in both the domestic and foreign markets and examines the very counterintuitive implications of the covariance for export behaviour. (DSE/DÜI)
Beschreibung:Graph. Darst
ISSN:0304-3878