Search

Copyright of Mexican Journal of Economics & Finance / Revista Mexicana de Economia y Finanzas is the property of Instituto Mexicano de Ejecutivos de Finanzas and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Mexican Journal of Economics & Finance / Revista Mexicana de Economia y Finanzas is the property of Instituto Mexicano de Ejecutivos de Finanzas and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of H-Industria: Revista de Historia de la Industria Argentina y Latinoamericana is the property of H-Industria, Revista de Historia de la Industria Argentina y Latinoamericana and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Mexican Journal of Economics & Finance / Revista Mexicana de Economia y Finanzas is the property of Instituto Mexicano de Ejecutivos de Finanzas and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Inter-state economic and social convergence was analyzed in Mexico’s 32 states during the period 2005-2019. Absolute economic convergence was tested through real income and average real labor income and average hourly real labor income. The variables of life expectancy, survival rate, child survival rate and educational level of workers were used to test for absolute social convergence. In addition, using the spatial dependence technique, Moran’s I, it was found that economic variables related to labor income present a high level of spatial correlation. In contrast, only social variables such as life expectancy and the educational level of workers are spatially correlated. [ABSTRACT FROM AUTHOR]

Copyright of Ensayos - Revista de Economía is the property of Ensayos Revista de Economia and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of NovaRUA Revista Universitaria de Administracion is the property of NovaRUA Revista Universitaria de Administracion and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Dixi is the property of Universidad Cooperativa de Colombia and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Spending on public investment financed by debt is analyzed, considering the interaction between macroeconomic and fiscal variables to establish the intertemporal path of solvency and the conditions of fiscal compliance that determine a sustainable fiscal policy. Empirically, a response impulse function is proposed to analyze the dynamics situation of Mexican economy. The results show a positive response in the fiscal position resulting from the imposition of a fiscal rule of indebtedness to finance public investment, where the primary balance allows conditions of slack for the stimulation of economic activity. [ABSTRACT FROM AUTHOR]

This paper analyzes the impact of the feedback relationship that exists between inflation, its uncertainty, and the economic growth of the two main Latin American economies. A Bivariate Generalized Autoregressive Conditional Heteroscedasticity model is developed, which also allows the identification of asymmetric impacts on the conditional volatility of the product and inflation, the sample period corresponds to January 1985 to June 2019. Additionally, causality tests are developed to identify the fulfillment of the main hypotheses raised. Among the main findings is the verification of the Friedman-Ball hypothesis for both countries in most of the lags. Regarding the second hypothesis, it is found that the central bank of Mexico has presented a stabilizing behavior, while in the Brazilian case an opportunistic behavior has been identified. In the third hypothesis, no causal relationship of inflationary uncertainty towards economic growth is identified, in the case of Mexico; while, in the case of Brazil, an ambivalent causality has been identified, regarding the number of lags. Finally, in the fourth hypothesis we find results that corroborate, mainly for both economies, a positive effect from inflation on economic growth. [ABSTRACT FROM AUTHOR]

This article seeks to analyze the role of Foreign Direct Investment (FDI) and bank credit to the industrial sector as expansion factors for the productive sector in Mexico from 1995 to 2020. During this period, Mexico was transitioning from an economy with high tariff protection to an open economy, under the generally accepted theoretical postulate that financial repression impeded the free flow of investment. This scenario was unfavorable for an industry that was beginning to reconfigure itself within the framework of a secondary export model. Analysis was conducted using a Markov regime switching model and an Error Correction Vector Model (ECVM). The selected models do not reveal any causal relationship from the financial sector to the real sector or vice versa. [ABSTRACT FROM AUTHOR]

This article seeks to examine the causal relationship between air cargo and the economic activity of Mexican states. Analysis was conducted using Pedroni/Johansen cointegration tests, followed by Granger tests to analyze the long term and Wald tests for the short term, as well as an error correction model (VECM). The analysis was carried out for total cargo, which was then divided into domestic cargo on the one hand and international cargo on the other. The findings suggest the existence of long-term equilibrium and bidirectionality when total cargo is aggregated, although the causalities become unidirectional when cargo is disaggregated. These findings are then discussed in light of possible public policies. [ABSTRACT FROM AUTHOR]

The objective of this article is to show how the concept of development that the global context has imposed on developing nations and that prioritizes purely economic growth together with the type of Nation-State prevailing in these types of nations have played a preponderant role in the design of public policies aimed at rural areas. A theoretical-qualitative analysis was carried out, where through the analytical-synthetic method of information, an exhaustive review of sources on the subject was carried out in order to provide a frame of reference for the study of public policies rural in Mexico. This analysis made it possible to determine that in Mexico the implementation of policies oriented to the economic market and not to the holistic development of the Mexican countryside; far from meeting the objectives of developing it, they led it to deterioration and its consequent structural crisis and the persistence of a formula: welfare + subsistence that generates a cycle of poverty that is difficult to break. [ABSTRACT FROM AUTHOR]

Copyright of Ensayos - Revista de Economía is the property of Ensayos Revista de Economia and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This article analyzes the relative importance of exports and capital accumulation for growth rates in Argentina, Chile, and Mexico for the period 1961-2019, and Brazil for the period 1971-2019. This article finds evidence that capital accumulation has a significant positive effect on the growth rate, with exports also having a significant, although lesser, impact. Likewise, the effect of exports on reducing the external constraint to growth is insignificant compared to that of capital accumulation. The article concludes by suggesting that growth strategies should privilege capital accumulation, rather than exports. [ABSTRACT FROM AUTHOR]

Copyright of Mexican Journal of Economics & Finance / Revista Mexicana de Economia y Finanzas is the property of Instituto Mexicano de Ejecutivos de Finanzas and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The Mexican economy has moved to an outward growth model that has resulted in a spatial restructuring of manufacturing activities. This transformation has allowed the incorporation of the regional economy, in which the local and the global interact to promote the expansion and well-being of the localities. The general objective of this paper is to describe the performance of manufacturing in Mexico through its regional composition based on total factor productivity (TFP) in the period 1993-2018. The applied methodology is the Solow Residual model with a Cobb-Douglas production function with constant marginal returns to analyze the sources of growth. The results show regional asymmetries in TFP growth, on the one hand, the northern border and central-north regions register significant growth and, on the other, the central and southern regions have lagged due to inefficient performance that has resulted in a limited productivity performance of Mexican manufactures. [ABSTRACT FROM AUTHOR]

Copyright of Trayectorias is the property of Universidad Autonoma de Nuevo Leon and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

We examine the efficiency of the cash transfers on multidimensional extreme poverty in the states of Mexico for 2008-2018. We estimate econometric models with panel data with OLS and 2SLS and with cross-section data with GMM that shield against endogeneity of the determinants of poverty. We prove that there are perverse incentives that have caused that transfers perpetuate poverty in the less developed states. Homicides and informal employment have perpetuated it. Agricultural labor productivity, economic growth, productive export orientation, and a better Rule of Law reduce it. [ABSTRACT FROM AUTHOR]

Copyright of Ensayos - Revista de Economía is the property of Ensayos Revista de Economia and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This article analyzes the evolution of gross fixed capital formation in Mexico, and especially the interactions between private and public ones, and its relationship with the rate of economic growth in the 1960-2018 period. The work is organized in the following way. The introduction presents the purpose of the study in detail. Section I examines the theoretical discussion around public and private investment and their complimentary or competitive interrelationships. The following section presents the methodology used here for the empirical analysis, it explains key aspects in the construction of the data series that were carried out, always based on official sources. As explained there, the empirical analysis covered two complementary validation efforts: The first is based on cash flow accounting models to calculate "Keynesian" multipliers of investment over the gross domestic product (GDP), for selected sub-periods: 1) the state-led industrialization stage (1960-1981), and 2) the stage of market reforms already in full operation (1988-2018). The second effort resorted to modern time series econometrics--it goes without say that are based on the same data from the first exercise--to balance the interrelationships between private and public investment in the growth trajectory of the Mexican economy. The conclusions are presented in the last section, which, in our opinion, provide relevant inputs to better understand the interaction of private and public investment in Mexico's economic growth process, and with this, perhaps, to better design an agenda development to get the country out of the slow-growth trap in which it has been plunged for decades. [ABSTRACT FROM AUTHOR]

This article analyzes the intersectoral relationships that characterized the economic structures of three countries during the 1980s and the first half of the 2000s (Mexico, 2003; South Korea and Spain, 2005). The present article attempts to explain potential growth trajectories using structural sensitivity analysis and the important coefficients (IC) by tolerable limits (LT) methodology, elaborating a typology of intersectoral articulation in each economy based on the characteristics of the countries' respective productive structures. This typology also accounted for the article's approach to the structural changes registered in each economy. [ABSTRACT FROM AUTHOR]