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Using a spatial dynamic panel, the long-run industrial sector convergence rate across Mexico's states is found to be 2%. The model is a system-General Method of Moments with correction for spatial autocorrelation and an explicit human capital input. The significant ineguality between the richest and poorest states is caused by differences in factor accumulation. Physical capital accumulation dominates in richer states while the human capital accumulation is in poorer states. Regional ineguality is predicted to grow unless there is government intervention to address the bipolar regional divide. More investment in human capital in non-industrialized states to draw strength from Mexico's diversity is recommended. Comparative Economic Studies (2015) 57, 183-202. doi: 10.1057/ces.2014.42; published online 8 January 2015 Keywords: Mexican regional convergence, physical and human capital, spatial panel analysis JEL Classification: 040, 047, Rll, R15, INTRODUCTION Mexico has always been known as a country of great diversity in fields from literature to economics. For example, regional economic diversity within Mexico has led to the poorest [...]

Based on two rounds of a nationally representative household survey, this paper presents an exploratory study of risk factors and the economics of the decision to smoke by adults in Russia in the second haft of the 1990s. With an overall smoking prevalence of 32.2%, smoking is much more prevalent among men (61.4%) than among women (10.3%). The risk of smoking is on the rise in Russia due mainly to the growing incidence of female smoking, especially in major urban centres, where the impact of modern culture and Western tobacco companies is more profound. The low estimated price elasticities of the decision to smoke for men (-0.085) and for women (-0.628) suggest that an excise tax on cigarettes is not an effective means to reduce the prevalence of smoking. The decision to smoke is also found to be very income inelastic. Formal education, occupation, alcohol consumption, and obesity are associated with smoking in a way similar to developed countries. Comparative Economic Studies (2003) 45, 87-103. doi:10.1057/palgrave.ces.8100001 Keywords: Russia, smoking, Russian health JEL Classifications: I1, P5, R2, INTRODUCTION According to the World Health Organization (WHO) (Lopez, 1997), smoking has become, or soon will be, the leading cause of death throughout the world and in Eastern Europe in [...]

Nation States and the Multinational Corporation Nathan M Jensen Princeton University Press: Princeton and Oxford, 2006, pp. 193. What can one say about cross-country foreign direct investment (FDI) using panel [...]