X hits on this document

163 views

0 shares

0 downloads

0 comments

35 / 58

Figure 1. Border apprehensions and the U.S.-Mexico GDP ratio

0.80

Correl. (apprehensions, GDP ratio) = 0.44

0.60

0.40

0.20

0.00

  • -

    0.20

  • -

    0.40

  • -

    0.60

U.S.-Mexico border apprehensions

U.S.-Mexico GDP ratio

  • -

    0.80

1980 - Q1 1980 - Q3 1981 - Q1 1981 - Q3 1982 - Q1 1982 - Q3 1983 - Q1 1983 - Q3 1984 - Q1 1984 - Q3 1985 - Q1 1985 - Q3 1986 - Q1 1986 - Q3 1987 - Q1 1987 - Q3 1988 - Q1 1988 - Q3 1989 - Q1 1989 - Q3 1990 - Q1 1990 - Q3 1991 - Q1 1991 - Q3 1992 - Q1 1992 - Q3 1993 - Q1 1993 - Q3 1994 - Q1 1994 - Q3 1995 - Q1 1995 - Q3 1996 - Q1 1996 - Q3 1997 - Q1 1997 - Q3 1998 - Q1 1998 - Q3 1999 - Q1 1999 - Q3 2000 - Q1 2000 - Q3 2001 - Q1 2001 - Q3 2002 - Q1 2002 - Q3 2003 - Q1 2003 - Q3 2004 - Q1 2004 - Q3

Note: Border apprehensions and the GDP ratio are seasonally adjusted and de-trended with a cubic trend. The U.S.-Mexico GDP ratio is computed as the ratio between (1) the U.S. real GDP (2) the real Mexican GDP multiplied by the bilateral real exchange rate.

Figure 2. Remittances, the U.S.-Mexico GDP ratio, and the U.S.-Mexico unskilled wage ratio

0.25

0.20

Correl. (remittances, GDP ratio) = 0.75 Correl. (remittances, wage ratio) = 0.79

0.15

0.10

0.05

0.00

  • -

    0.05

  • -

    0.10

  • -

    0.15

  • -

    0.20

  • -

    0.25

U.S.-Mexico remittances (real pesos)

U.S.-Mexico GDP ratio

U.S.-Mexico unskilled wage ratio

1995 - Q1

1995 - Q3

1996 - Q1

1996 - Q3

1997 - Q1

1997 - Q3

1998 - Q1

1998 - Q3

1999 - Q1

1999 - Q3

2000 - Q1

2000 - Q3

2001 - Q1

2001 - Q3

2002 - Q1

2002 - Q3

2003 - Q1

2003 - Q3

2004 - Q1

2004 - Q3

2005 - Q1

2005 - Q3

2006 - Q1

2006 - Q3

Note: Remittances are expressed in Mexican pesos at constant prices. The U.S.-Mexico wage ratio is computed as the ratio between (1) the U.S. real unskilled wage and (2) maquiladora’s real wage in Mexico multiplied by the bilateral real exchange rate. See additional notes to Figure 1.

34

Document info
Document views163
Page views163
Page last viewedFri Dec 09 16:08:27 UTC 2016
Pages58
Paragraphs3849
Words27815

Comments