Construction of a Social Accounting Matrix for Mexico and Its Application to the Analysis of the International Trade Context
DOI:
https://doi.org/10.29105/ensayos45.2-3Keywords:
Social Accounting Matrix, Trade Policy, Tariffs, Mexican Economy, Structural AnalysisAbstract
Objective: This article aimed to present the methodology for constructing Mexico’s 2018 Social Accounting Matrix (SAM-Mx18) as a tool to analyze the country's productive structure and its exposure to the external sector. Methodology: Based on this framework, accounting multiplier simulations were conducted to estimate the effects of tariff increases on total and automotive exports under scenarios with nominal tariffs (15%) and effective tariffs weighted according to the geographical composition of Mexico’s foreign trade. Elasticity scenarios—unitary, elastic, and inelastic—were applied to nominal tariff shocks, while effective tariffs were used as robustness checks. Findings: The results revealed a strong dependence on imported inputs in key productive sectors and their vulnerability to trade shocks. Implications: The findings highlight the importance of trade structure for understanding the transmission of external shocks and provide useful evidence for evaluating the effects of trade policy on the Mexican economy. Originality: The study provides a replicable methodology for constructing and applying the 2018 Social Accounting Matrix through R programming, offering a useful analytical framework for assessing trade policy scenarios and their structural effects.
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