[The macro-prices (exchange rate and interest rate) and the mexican agricultural sector from 1988 to 1995] | Los macroprecios (tasa de cambio y tasa de interes) y el sector agropecuario mexicano de 1988 a 1995
1997
Loera Martinez, Jesus | Chalita Tovar, Luis Eduardo | Garza Bueno, Laura E.
English. This study presents the relationship between the overvalued Mexican peso and high interest rates, with sectorial Gross National Product (GNP), trade account balances and defaulted agricultural credit loans, covering 1988 thorugh 1995. The methodology was based on Classic Economic Theory and correlation coefficients. Results indicated that an overvalued peso together with high interest rates contributed to trade account deficits, low economic growth (as measured by sectorial GNP) as well as an increase in loan defaults. The conclusion of this study is that distortions in macroprices should be avoided in order to enhance economic growth
Show more [+] Less [-]Spanish; Castilian. Se presentan las relaciones entre la sobrevaluacion del peso mexicano y las altas tasas de interes con el crecimiento del producto interno bruto, la balanza comercial y la cartera vencida agropecuaria durante el periodo de 1988 a 1995. El metodo de analisis se baso en la Teoria Economica Clasica y en los coeficientes de correlacion entre las variables. Los resultados indicaron que la sobrevaluacion del peso, asociada con altas tasas de interes, propiciaron el deficit en la balanza comercial y el bajo crecimiento del producto interno bruto sectoriales, asi como el aumento de la cartera vencida agropecuaria. Se concluye que las politicas economicas deben evitar distorsionar ambos macroprecios para promover un entorno macroeconomico estable
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