This paper presents saving rate decomposition for Mexican households in 1984-1996 using a synthetic panel. The analysis focuses on low-income households and their saving rate trough the life cycle. Our results show that saving rate in poorer households is higher at the beginning and the end of...

This paper studies the sustainability of the fiscal policy for Mexico, according to the behavior of the Government budget restriction and the balance in the accumulated debt over the last two decades. We use the value of the debt and the empirical analysis is based in Wilcox (1989), were it is...

Wide concern between academics and policy makers in several countries has long existed on the question of whether individuals are saving enough for their retirement phase. Empirical evidence for developed countries, as well as the little evidence available for developing nations, shows that this...

This paper attempts to characterize the convergence process among the Mexican state during the period 1970-1995.The proposed methodology uses dynamic panel data models without exogenous regressors,under the stationarity assumption.It is argued that the Breusch-Pagan (1980) LM-test and the F-test...

In this document we analyze the dynamics of per capita value added in manufacturing as a proxy of per capita income in Mexico’s municipalities and US counties. Specifically we seek to determine if there is convergence (absolute or conditional), divergence or stratification. A dynamic panel...

The most common approach used in international comparisons of agricultural productivity and technological change is generally based on Cobb-Douglas production functions. Similarly, the technological level is usually modeled as a linear deterministic trend. In this paper, we propose more general...