TY - JOUR
T1 - A general equilibrium model of domestic commerce in Mexico
AU - Kehoe, Timothy J.
AU - Serra-Puche, Jaime
AU - Solis, Leopoldo
PY - 1984/2
Y1 - 1984/2
N2 - In this paper we develop a general equilibrium model of the Mexican economy that focuses on the commercial sector, particularly retailing. Consumers purchase goods in different retail establishments, that sell differentiated goods at different prices. Where each consumer decides to make purchases depends on various price and locational considerations. The model has been calibrated to replicate the Mexican economy in 1977, the latest year for which a complete data set is available. We use it to analyze both the impact of the 1980 fiscal reform, a major policy charge for the economy as a whole, and that of a hypothetical development project aimed specifically at the commercial sector. Although our model was conceived and developed well prior to the current period of highly inflationary policies of the debt crisis, the latter was taken into consideration during both the simulations and their policy evaluation.
AB - In this paper we develop a general equilibrium model of the Mexican economy that focuses on the commercial sector, particularly retailing. Consumers purchase goods in different retail establishments, that sell differentiated goods at different prices. Where each consumer decides to make purchases depends on various price and locational considerations. The model has been calibrated to replicate the Mexican economy in 1977, the latest year for which a complete data set is available. We use it to analyze both the impact of the 1980 fiscal reform, a major policy charge for the economy as a whole, and that of a hypothetical development project aimed specifically at the commercial sector. Although our model was conceived and developed well prior to the current period of highly inflationary policies of the debt crisis, the latter was taken into consideration during both the simulations and their policy evaluation.
UR - http://www.scopus.com/inward/record.url?scp=48749137244&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=48749137244&partnerID=8YFLogxK
U2 - 10.1016/0161-8938(84)90047-4
DO - 10.1016/0161-8938(84)90047-4
M3 - Article
AN - SCOPUS:48749137244
SN - 0161-8938
VL - 6
SP - 1
EP - 28
JO - Journal of Policy Modeling
JF - Journal of Policy Modeling
IS - 1
ER -