Lower US corporate taxes would not reverse Mexico’s competitive advantage in manufacturing
Published on Tuesday, November 21, 2017 | Updated on Friday, December 15, 2017
Lower US corporate taxes would not reverse Mexico’s competitive advantage in manufacturing
Summary
Mexico would continue to be more competitive than the United States in the production of manufactured goods even if the latter were to cut its corporate tax rate from 35% to 20%. The difference in labor costs alone is a sufficient factor for Mexico to remain more competitive than the US
Geographies
- Geography Tags
- Mexico
Topics
- Topic Tags
- Macroeconomic Analysis
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Authors
Carlos Serrano
BBVA Research - Chief Economist
Javier Amador
BBVA Research - Principal Economist
Iván Martínez Urquijo
BBVA Research - Senior Economist
Arnulfo Rodríguez
BBVA Research - Principal Economist
Saide Aránzazu Salazar
BBVA Research - Principal Economist
Documents and files
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