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The renegotiation of regulatory contracts is known to prevent regulators from achieving the full commitment efficient outcome in dynamic contexts. However, assessing the cost of such renegotiation remains an open issue from an empirical viewpoint. To address this question, we fit a structural...
Persistent link: https://www.econbiz.de/10008684689
lenders, which may make lending altogether unprofitable. Second, banks can have an incentive to offer a debt contract and … additional equity contracts to intermediate debtors, which is in turn dominated by a simple debt contract, only attractive for … seek to avoid the contract with the highest chance of delivery: that contract attracts all bad entrepreneurs. …
Persistent link: https://www.econbiz.de/10005661861
This paper analyzes the contribution of the minimum wage to the well documented rise in earnings inequality in Mexico …
Persistent link: https://www.econbiz.de/10008527529
Like the rest of the poor periphery, Mexico had to deal with de-industrialization forces between 1750 and 1913, those … such huge dimensions. Yet, from independence to mid-century Mexico did better on this score than did most countries around …, and to those attributable to domestic forces specific to Mexico. It uses a neo-Ricardian model (with non …
Persistent link: https://www.econbiz.de/10005123574
government might be tempted to devalue. In Mexico it would also appear that the costs and benefits of maintaining the regime were …
Persistent link: https://www.econbiz.de/10005123925
We study the effects of a conditional cash transfers program on school enrollment and performance in Mexico. We provide … is developed to study the Mexican social program Progresa (called now Oportunidades) in which a randomized experiment has …
Persistent link: https://www.econbiz.de/10005504259
the period of trade policy reforms between 1985 and 1989 when Mexico experiences both an important inflow of foreign …
Persistent link: https://www.econbiz.de/10005114397
investigation. We then compare two independent sources of individual-level wage information from Mexico -- firms' wage reports to …
Persistent link: https://www.econbiz.de/10011083313
This paper looks at the factors driving regional growth in Mexico, paying special attention to the potentially growth … formation of adequate social conditions for innovation (the social filter), and spillovers for 31 Mexican states and the Mexico …
Persistent link: https://www.econbiz.de/10011083786
very detailed Mexican data for 1994-2004, a period of liberalization in US trade policy vis a vis Mexico, mandated by the …
Persistent link: https://www.econbiz.de/10011083933