Abstract
This paper researches the impact of the covid-19 pandemic on manufacturing output in nine countries across the Trans-Pacific region, including Mexico. To that end, it employs a fixed-effects panel data model, which captures the impact of fiscal and monetary policies, exchange rate fluctuations, and three pandemic-related variables. The estimation method corrects for endogeneity issues and includes measures to improve efficiency. The evidence proves the effectiveness of both supply-side policies and vaccination programs in boosting production.
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