Business cycle coordination along the Texas--Mexico border
By: Keith R. Phillips and Jesus Cañas.
Contributors: Cañas, Jesus.
Series: Research Department working paper ;; 0502; Working paper (Federal Reserve Bank of Dallas. Research Dept. : Online) ;; 0502.
Publisher: Federal Reserve Bank of Dallas
Published: 2005
Place of publication: [Dallas, Tx.]
Language: eng
Format: Electronic resource
Subjects: Business cycles -- Mexican-American Border Region.; Mexican-American Border Region -- Economic conditions.
Description: "In this paper we use a dynamic single-factor model originally due to Stock and Watson [18, 19] to measure the business cycle in four Texas border Metropolitan Statistical Areas (MSAs) and Mexico. We then measure the degree of economic integration between border cities, the US, Texas, and Mexican economies using correlation, spectral and cluster analysis. Results suggest border MSAs are significantly integrated with the broader economies and that major changes have occurred in these relationships since 1994, the year in which NATFA was enacted and the time maquiladora industry began to accelerate"--Federal Reserve Bank of Dallas web site.
Notes: Includes bibliographical references.
Title from PDF file as viewed on 2/15/2005.
Also available in print.
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Mode of access: World Wide Web.