WorldCat Identities

Pacheco-López, Penélope

Overview
Works: 19 works in 43 publications in 2 languages and 674 library holdings
Genres: Academic theses 
Roles: Author
Publication Timeline
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Most widely held works by Penélope Pacheco-López
Trade liberalisation and the poverty of nations by A. P Thirlwall( )

16 editions published between 2008 and 2009 in English and held by 598 WorldCat member libraries worldwide

Orthodox trade and growth theory, and the world's multilateral development institutions, extol the virtues of trade liberalisation and free trade for more rapid economic development of poor countries. This book argues that the theory is based on unreal assumptions, providing many examples to illustrate such a claim
Economics of development : theory and evidence by A. P Thirlwall( Book )

8 editions published in 2017 in English and held by 57 WorldCat member libraries worldwide

This edition represents the most thorough revision of this classic textbook to date. For nearly 40 years, it has offered students a clear, comprehensive, and rigorous overview of the economic aspects of growth and development
Trade liberalisation in Mexico and its impact on exports, imports and the balance of payments by Penélope Pacheco-López( Book )

3 editions published in 2003 in English and held by 3 WorldCat member libraries worldwide

Contrasting the perception and response of domestic manufacturing firms to FDI in Sub-Saharan Africa by Penélope Pacheco-López( )

1 edition published in 2014 in English and held by 1 WorldCat member library worldwide

This paper uses the data set from the fourth survey by UNIDO of manufacturing firms in Sub-Saharan Africa to identify whether foreign direct investment affects the behaviour of local firms with respect to investment, product innovation and process innovation. We look at the perception and response of 1,140 manufacturing firms in 9 sectors in 19 countries. Using Probit models the results suggest that, once controlling for firm's characteristics, there is a marked difference between perception and eality. The presence of foreign investment has not affected the behaviour of the vast majority of domestic firms in terms of their investment, production of similar products to foreign firms, production of different products to avoid competition or adopt similar production technologies
Foreign direct investment, exports and imports in Mexico by Penélope Pacheco-López( )

1 edition published in 2004 in English and held by 1 WorldCat member library worldwide

This paper analyses the liberalisation of foreign direct investment (FDI) in Mexico since the late-1980s, and its relationships with exports and imports. Such a process has eased the access of multinational corporations (MNCs) to the country, which has promoted exports. However, it has also resulted in a higher import content and the displacement of local firms, which has limited Mexico's economic development through the balance of payments constraint. The analysis is supported by the existence of linkages -bi-directional Granger causality- between exports, imports and FDI
The impact of trade liberalisation on exports, imports, the balance of payments and growth: The case of Mexico by Penélope Pacheco-López( )

1 edition published in 2004 in English and held by 1 WorldCat member library worldwide

The aim of this paper is to disentangle the effects of trade liberalisation during the mid-1980s from the liberalisation involved in the North American Free Trade Agreement (NAFTA) on exports, imports and the balance of payments in Mexico. The main empirical results suggest that the trade reforms during the mid-1980s had a significant impact of trade, exports and imports; however, the effects of NAFTA are negligible. Since the mid-1980s, the propensity to import has exceeded the propensity to export and this has worsened the growth rate consistent with balanced trade, and this is a major explanation of the slowdown of Mexico's growth in recent years. NAFTA has not delivered the improved growth performance that was promised by Mexico's political leaders at the time
Trade liberalisation in Mexico : rhetoric and reality by Penélope Pacheco-López( )

1 edition published in 2004 in English and held by 1 WorldCat member library worldwide

Foreign direct investment, exports, and imports in Mexico by Penélope Pacheco-López( )

1 edition published in 2005 in English and held by 1 WorldCat member library worldwide

Trade liberalisation in Mexico: Rhetoric and reality by Penélope Pacheco-López( )

1 edition published in 2004 in English and held by 1 WorldCat member library worldwide

This paper examines the process of trade liberalisation in Mexico, particularly since the mid-1980s and the signing of the NAFTA agreement, and its impact on economic performance. The average growth of GDP of the Mexican economy since liberalisation has been only one-half the rate pre-liberalisation and we attribute this deteriorating performance to a rise in the income elasticity of demand for imports (partly associated with an increase in foreign direct investment with a high import content) which has not been compensated by a sufficiently fast growth of exports, leading to severe balance of payments difficulties. Mexican exchange rate policy has not helped the situation
Trade liberalisation in Mexico : rhetoric and reality( )

1 edition published in 2004 in English and held by 1 WorldCat member library worldwide

This paper examines the process of trade liberalisation in Mexico, particularly since the mid-1980s and the signing of the NAFTA agreement, and its impact on economic performance. The average growth of GDP of the Mexican economy since liberalisation has been only one-half the rate pre-liberalisation and we attribute this deteriorating performance to a rise in the income elasticity of demand for imports (partly associated with an increase in foreign direct investment with a high import content) which has not been compensated by a sufficiently fast growth of exports, leading to severe balance of payments difficulties. Mexican exchange rate policy has not helped the situation. -- Trade liberalisation ; Economic growth ; Balance of payments ; Foreign direct investment ; Mexico ; NAFTA
Foreign direct investment, exports and imports in Mexico( )

1 edition published in 2004 in English and held by 1 WorldCat member library worldwide

This paper analyses the liberalisation of foreign direct investment (FDI) in Mexico since the late-1980s, and its relationships with exports and imports. Such a process has eased the access of multinational corporations (MNCs) to the country, which has promoted exports. However, it has also resulted in a higher import content and the displacement of local firms, which has limited Mexico's economic development through the balance of payments constraint. The analysis is supported by the existence of linkages -bi-directional Granger causality- between exports, imports and FDI. -- Foreign Direct Investment-Liberalisation ; Imports ; Exports ; NAFTA ; Mexico
Has trade liberalisation in poor countries delivered the promises expected? by Penélope Pacheco-López( )

1 edition published in 2009 in English and held by 1 WorldCat member library worldwide

The paper reviews the evidence of the impact of trade liberalisation on the economic performance of poor developing countries with respect to poverty reduction, the distribution of income within countries, the distribution of income between countries, trade and the balance of payments, and economic growth, and finds that liberalisation has not delivered the benefits expected. Economic theory, and the historical and contemporary evidence, all provide arguments for protection of industrial activities in developing countries. -- Trade liberalisation ; trade policy ; income distribution ; poverty
Ticaret liberalizasyonu ve ulusların fakirliği by A. P Thirlwall( Book )

1 edition published in 2010 in Turkish and held by 1 WorldCat member library worldwide

The impact of trade liberalisation on exports, imports, the balance of payments and growth : the case of Mexico( )

1 edition published in 2004 in English and held by 1 WorldCat member library worldwide

The aim of this paper is to disentangle the effects of trade liberalisation during the mid-1980s from the liberalisation involved in the North American Free Trade Agreement (NAFTA) on exports, imports and the balance of payments in Mexico. The main empirical results suggest that the trade reforms during the mid-1980s had a significant impact of trade, exports and imports; however, the effects of NAFTA are negligible. Since the mid-1980s, the propensity to import has exceeded the propensity to export and this has worsened the growth rate consistent with balanced trade, and this is a major explanation of the slowdown of Mexico's growth in recent years. NAFTA has not delivered the improved growth performance that was promised by Mexico's political leaders at the time. -- Trade liberalisation ; NAFTA ; Exports ; Imports ; Balance of Payments ; Mexico
A new interpretation of Kaldor's first growth law for open developing economies by Penélope Pacheco-López( )

1 edition published in 2013 in English and held by 1 WorldCat member library worldwide

Kaldor's first law of growth posits a positive causal relation between the growth of manufacturing output and the growth of GDP due to static and dynamic returns to scale in manufacturing and rising productivity outside the manufacturing sector as resources are transferred from diminishing returns activities. In an open economy, however, the Kaldor first law of growth is open to another interpretation because it is apparent across countries that there is a close association between manufacturing output growth and export growth, and between export growth and GDP growth. Results are presented for 89 developing countries over the period 1990-2011, also distinguishing between low income, lower-middle income and upper-middle income countries, and between the continents of Africa, Asia and Latin America
Trade liberalisation, the income elasticity of demand for imports and growth in Latin America by Penélope Pacheco-López( )

1 edition published in 2005 in English and held by 1 WorldCat member library worldwide

This paper applies the balance of payments constrained growth model to seventeen countries of Latin America over the period 1977-2002. The crucial parameter to estimate is the income elasticity of demand for imports which is done for Latin America as a whole, as well as for individual countries. As well as estimating over the whole period, the technique of rolling regressions is also used to test whether a trend increase can be discerned as a result of trade liberalisation. A trend increase is found for Latin America as a whole and for some individual countries, and the balance of payments equilibrium growth rate is a good predictor of growth performance in nine of the seventeen countries. There is no evidence that the balance of payments equilibrium growth rate has increased in Latin America as a result of trade liberalisation
Trade liberalisation, the balance of payments and growth in Latin America( )

1 edition published in 2005 in English and held by 1 WorldCat member library worldwide

The broad purpose of trade liberalisation is to raise the rate of growth of countries on a sustainable basis, consistent with the achievement of other macroeconomic objectives. In this paper we consider whether trade liberalisation in seventeen countries of Latin America has improved the trade-off between GDP growth and the trade balance, allowing the countries to grow faster without sacrificing foreign exchange. We find that in the aftermath of liberalisation, the majority of countries did grow faster, but at the expense of a deteriorating trade balance. Testing formally for the impact of trade liberalisation in a full model of trade balance determination, we find that only in Chile and Venezuela has the trade-off unequivocally improved. In other countries there has been a significant deterioration or no change. Nine out of the seventeen countries have grown faster post-liberalisation than pre-liberalisation but, except for Chile and Venezuela, at the expense of a wider trade or current account deficit. -- Latin America ; Trade Liberalisation ; Growth ; Balance of Payments
Trade liberalisation, the balance of payments and growth in Latin America by Penélope Pacheco-López( )

1 edition published in 2005 in English and held by 1 WorldCat member library worldwide

The broad purpose of trade liberalisation is to raise the rate of growth of countries on a sustainable basis, consistent with the achievement of other macroeconomic objectives. In this paper we consider whether trade liberalisation in seventeen countries of Latin America has improved the trade-off between GDP growth and the trade balance, allowing the countries to grow faster without sacrificing foreign exchange. We find that in the aftermath of liberalisation, the majority of countries did grow faster, but at the expense of a deteriorating trade balance. Testing formally for the impact of trade liberalisation in a full model of trade balance determination, we find that only in Chile and Venezuela has the trade-off unequivocally improved. In other countries there has been a significant deterioration or no change. Nine out of the seventeen countries have grown faster post-liberalisation than pre-liberalisation but, except for Chile and Venezuela, at the expense of a wider trade or current account deficit
Trade liberalisation, the income elasticity of demand for imports and growth in Latin America( )

1 edition published in 2005 in English and held by 1 WorldCat member library worldwide

This paper applies the balance of payments constrained growth model to seventeen countries of Latin America over the period 1977-2002. The crucial parameter to estimate is the income elasticity of demand for imports which is done for Latin America as a whole, as well as for individual countries. As well as estimating over the whole period, the technique of rolling regressions is also used to test whether a trend increase can be discerned as a result of trade liberalisation. A trend increase is found for Latin America as a whole and for some individual countries, and the balance of payments equilibrium growth rate is a good predictor of growth performance in nine of the seventeen countries. There is no evidence that the balance of payments equilibrium growth rate has increased in Latin America as a result of trade liberalisation. -- Latin America ; Trade Liberalisation ; Growth ; Balance of Payments
 
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Trade liberalisation and the poverty of nations
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López, Penélope Pacheco-.

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