El objetivo de este artículo es verificar si el patrón geográfico de comercio exterior de las empresas extranjeras en Brasil se diferencia del de las empresas nacionales, y si entre las empresas extranjeras la región de origen de su capital constituye un factor importante para determinar ese...

Electricity prices have seen a consistent upward trend since the implementation of Mexico's electricity market reform (EMR). This has been interpreted by some as a failure of the EMR. In this paper we study the determinants of such price increases. We calculate the generation cost curve of the...

We study cartel stability in a differentiated price-setting duopoly with returns to scale. We show that a cartel may be equally stable in the presence of lower differentiation, provided that the decreasing returns parameter is high. In addition we demonstrate that for a given factor of discount,...

This paper looks for empirical evidence to show if a very interventionist government stimulates or not private investment in Latin America. Using the same model as Caballero-Urdiales y López-Gallardo (2012), we extend their analysis from five Latin-American countries to all Latin America. The...

Este artículo examina la relación dinámica entre la inversión extranjera directa (IED), la inversión pública (IPUB) de los gobiernos locales y el crecimiento económico para el conjunto de las 32 entidades federativas en México agrupadas por región y por nivel de competitividad para el...

The purpose of this paper is to analyse the effects of economic integration among countries on firms investment decisions when such decisions are taken strategically. It is shown that, in this context, the traditional "tariff jumping" argument is not always applicable and that localisation...

Taking as a reference a model in which there are a public firm, a national private firm and a foreign private one, it is analyzed both mergers sustainability and their relative effects on welfare. It is proved that the merger between the public firm and either the national or the international...

La inversión extranjera directa en los países en desarrollo ha venido creciendo a un ritmo sin precedentes, y la rentabilidad de los negocios de las empresas extranjeras que invierten en regiones pobres, como el África subsahariana, es extraordinariamente alta. No obstante,las empresas...