We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
GRUPOS DE INTERÉS Y REFORMA COMERCIAL EN MÉXICO.
- Authors
Mier, Luis Sánchez
- Abstract
Mexico experienced widespread economic reform in the last two decades. From being a protectionist economy with a policy of import substitution, it has turned into an export-oriented open economy. Why was protectionism a stable policy, and how was it overturned by a reform that went against entrenched interests? I apply a game theoretic model of political influence and economic reform to answer these questions using data to calculate the payoffs for the relevant interest groups. In the underlying cooperative game, the core is empty and a protectionist coalition of import-substituting firms and the government was "stable" until the eighties. Adjusting the model's parameters to changes in the government's financing options in the late eighties and early nineties leads to a different and unique outcome. In the predicted outcome a free trade policy is adopted through cooperation between all players.
- Subjects
MEXICO; ECONOMIC reform; ECONOMIC policy; INTERNATIONAL trade; COMMERCIAL policy; INTERNATIONAL trade financing
- Publication
Trimestre Económico, 2006, Vol 73, Issue 290, p337
- ISSN
0041-3011
- Publication type
Article