Argentina's policy of devaluation with redenomination in 2002, in contrast to Mexico's policy of devaluation without debt … benefited high-dollar debtors, as shown in these firms' investment behavior, especially non-tradables firms whose revenues in … dollar terms were adversely affected by devaluation. That investment behavior contrasts with the experience of Mexican firms …

We contribute to the long debated issue of whether inward foreign direct investment (FDI) can stimulate investment in … of FDI on total investment - measured as the ratio of gross fixed capital formation to GDP - but only if multinational …

Mexico has experienced since 1995. Although fresh domestic bank lending dried up, tradable firms obtained financing in the …

Following its opening to trade and foreign investment in the mid-1980s, Mexico's economic growth has been modest at … that the relation between openness and growth is not a simple one. Using standard trade theory, we find that Mexico has … continuing reforms, Chinese growth is likely to slow down sharply, perhaps leaving China at a level less than Mexico's real GDP …

stress in Mexico and this retards the growth of skills of its workforce. (2) The informal sector is large, mostly due to the …

Over the last three decades, Mexico has aggressively reformed its economy, opening to foreign trade and investment … been lackluster, trailing that of many other developing nations. In this paper, I review arguments for why Mexico hasn …. These are factors internal to Mexico. One possible external factor is that the country has the bad luck of exporting goods …

While outsourcing of production from the U.S. to Mexico has been hailed in Mexico as a valuable engine of growth … outsourcing industries in Mexico experience fluctuations in value added that are roughly twice as volatile as the corresponding …

Chile and Mexico experienced severe economic crises in the early 1980s. This paper analyzes four possible explanations … for why Chile recovered much faster than did Mexico. Comparing data from the two countries allows us to rule out a …

and social outcomes? We study Catholic patron saint day festivals in Mexico, exploiting two features of the setting: (i …

asset accumulation and energy use in the context of Mexico's conditional cash transfer program. We find that transfers had a …