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Mexican Market (mexican + market)

Distribution by Scientific Domains

Business, Economics, Finance and Accounting	60%

Selected Abstracts

Contagion Effects from the 1994 Mexican Peso Crisis: Evidence from Chilean Stocks

FINANCIAL REVIEW, Issue 1 2002
Ike Mathur
The contagion, or informational spillover, effects of the 1994 peso crisis from the Mexican market to the Chilean market, and to the Chilean American Depository Receipts (ADRs) trading in the U.S., are examined. Significant excess returns are observed for Chilean stocks for the event dates of the Mexican Peso crisis, providing evidence of contagion effects. Significant excess returns on these Chilean ADRs are also observed for each of the five event dates associated with the Peso crisis, suggesting that the contagion effects spilled over to the ADRs. A multiple regression model shows that the spillover contagion effects were very efficiently transmitted from the Mexican market to the Chilean market to the Chilean ADRs. Multifactor regressions show that the most significant influence on the pricing of Chilean ADRs is the raw Chilean Index, rather than the Chilean Index expressed in U.S. dollars. [source]

IMPACTS OF TRANSPORTATION CHANGES ON THE WOODWORKING INDUSTRY OF MEXICO'S PURÉPECHA REGION

GEOGRAPHICAL REVIEW, Issue 4 2004
PAUL MARR
ABSTRACT. The PurÉpecha region of Michoacán State, in west-central Mexico, has a strong tradition of craft production, especially wooden items. Transportation improvements in the region since the mid-twentieth century have led to a higher level of integration of the regional economy, yet access to the broader Mexican market remains limited. Towns throughout the region have experienced substantial changes in the types of crafts produced, the extent of their local and external markets, and the location of craft production. Transportation improvements have, in part, led to agglomeration economies and a resultant contraction in the number of different types and an increase in the volume of the crafts produced. Market changes have led to the proliferation of craft storefronts in towns with higher levels of accessibility. Conversely, remote towns still rely heavily on distributors and have not been able to expand their markets. As a result, the region has seen the development of a two-tiered system whereby towns with increased accessibility have viable craft industries and towns with limited accessibility struggle with stagnant craft industries. [source]

Identifying Drivers for Consumer Acceptance and Purchase Intent of Corn Tortilla

JOURNAL OF FOOD SCIENCE, Issue 9 2007
J.A. Herrera-Corredor
ABSTRACT:, The traditional production of corn tortilla has been modified by new processing technologies to make possible a commercial-scale production; this practice has resulted in products having sensory properties different from those produced by the traditional method. There is no published information on sensory attributes driving acceptance and purchase intent of corn tortillas. Identifying sensory drivers for acceptance and purchase intent of corn tortillas will help commercially produce products that satisfy consumers' expectations. A consumer study was conducted to evaluate acceptance and purchase intent of corn tortillas and determine drivers of acceptance and purchase intent of the products. Ten samples of corn tortillas were selected to represent a variety of corn tortillas available in the Mexican market. Three hundred Mexican consumers evaluated acceptability of appearance, color, thickness, rollability, resistance to tearing, aroma, chewiness, taste and aftertaste, and overall liking using a 9-point hedonic scale. Overall acceptance and purchase intent were determined with a yes/no scale. Analysis of variance and multivariate analysis of variance revealed that consumers were able to differentiate differences in sensory acceptability among 10 samples. For example, 2 homemade and 1 small commercial-scale samples, with an overall liking score of 6.6 to 6.7, were more acceptable than others. Rollability, resistance to tearing, and chewiness were attributes underlying overall differences among 10 samples. Attributes determining overall acceptance of corn tortillas were chewiness and overall liking. Purchase intent was influenced by overall appearance, rollability, chewiness, taste, and overall liking. This study revealed critical sensory attributes and their weights given by Mexican consumers when making decisions for acceptance and purchase intent of corn tortilla. [source]

Market integration and convergence to the law of one price in the North American onion markets

AGRIBUSINESS : AN INTERNATIONAL JOURNAL, Issue 2 2008
Dwi Susanto
The North American agricultural markets have become much more integrated; but the level of integration varies across sectors and over time. Differential tariff phasing-out periods and remaining trade disputes are two of many factors contributing to this. This article applies panel data unit root tests to study price convergence and market integration in the North American onion markets. Commodity and variety monthly base price data for the period of 1998 to 2006 are used. Empirical results decisively suggest the existence of price convergence across markets as well as onion varieties. A two-sample period analysis shows an increase in the speed of price convergence over time, suggesting deeper market integration as NAFTA was fully implemented. Further analysis based on a two-country-market basis found that U.S.,Canadian markets have experienced deeper market integration compared with U.S.,Mexican markets as well as Canadian,Mexican markets. [EconLit citations: F150, Q170]. © 2008 Wiley Periodicals, Inc. [source]

US,Mexico fresh vegetable trade: the effects of trade liberalization and economic growth

AGRICULTURAL ECONOMICS, Issue 1 2001
Jaime E. Málaga
NAFTA; Vegetables; Trade liberalization; Mexico Abstract Studies of US-Mexico vegetable trade have generally emphasized the importance of US tariffs in determining the competitive advantage of US producers. Even so, research has identified at least four factors related primarily to the different levels of economic development in the US and Mexico that also have important effects on US-Mexico agricultural trade in general and fresh vegetable trade in particular. These include the differential growth rates of US and Mexican real wages, production technology (yields), and per capita income as well as cyclical movements in the real Mexican Peso/US Dollar exchange rate. This study examines the relative contribution of NAFTA and the development-related factors to likely future changes in US fresh vegetable imports from Mexico. The analysis employs an econometric simulation model of US and Mexican markets for five fresh vegetables (tomatoes, cucumbers, squash, bell peppers, and onions) accounting for 80% of US fresh vegetable imports. The results suggest that the 1994,1995 Peso devaluation rather than NAFTA was primarily responsible for the sharp increase in US imports of Mexican vegetables observed in the first years following the implementation of NAFTA. Over time, however, the results suggest that differences in the growth rates of US and Mexican production yields and, to a lesser extent, of US and Mexican real incomes and/or real wage rates could plausibly contribute more to the future growth of US tomato, squash, and onion imports from Mexico than the trade liberalizing effects of NAFTA. [source]