This paper shows that the evolution of the level of Mexico real and real per capita output between 1895 and 2008 can be adequately described through a trend stationary model, affected by 4 structural breaks, which ocurred at dates that seem to coincide with domestic institutional arrangements,...

Social programs can reduce productivity and growth as they inadvertently generate perverse incentives for workers and firms. The core hypothesis is that these programs segment the labor market, tax formal salaried employment and subsidize informal salaried and non-salaried employment. Larger...

This article analizes the relationship between health and economic growth and poverty. It finds that Mexico presents lower levels of health that those expected for its degree of development. It also concludes that there are huge contrasts among geographic zones, ethnic groups and socioeconomic...

This work finds that FDI affects negativelly economic growth. This outcome is grounded on a demand-sided growth model which includes the shrinkage effect of foreing firms surpluses repatriation. Although, in one first stage FDI contributes to alleviate the financial shortage, in the long run it...

Human development, understood as a long-term synergism between technological, physiological and cultural improvements, is a decisive, long-term factor of economic growth. However, it is characterized by intergenerational traps that slow down economic growth. This characterization is useful to...

Following its opening to trade and foreign investment in the mid-1980s, Mexico’s economic growth has been modest at best, particularly in comparison with that of China. Comparing these countries and reviewing the literature, we conclude that the relation between openness and growth is not a...

This article performs an analysis of the relationship that exists between economic growth and the environment in the 32 states of the Mexican Republic. The Environmental Kuznets Curve (EKC) suggests that there is indeed a relationship between economic growth and the environment. As economies...

This paper presents a procedure for estimating potential output and the total factor productivity (TFP), to be applied to Peruvian economy. On the basis of potential output series the economic cycle is then calculated to demonstrate that the output gap includes the TFP gap and the unemployment...

In this paper, we analyze the changes in the Chilean economy specialization patterns mainly in the period of fastest economic growth and taking into account its relative abundance of productive factors. There are three important findings in this paper that are relevant for natural resources...

If finance is crucial to growth, as a large literature has demonstrated, then why is there wide variance in financial development across countries? Why have governments not put the appropriate policies into place to encourage the development of banks and securities markets? This paper addresses...